Savic Motorcycles
SAV
Lead Manager
Minimum Investment
A$2,000
Key Offer Details
Issue Price (Per Note)
A$1.000
Offer Size
A$2,000,000
Notes Available
2,000,000
Details
Description
Offer Securities
Unsecured convertible notes, each with a face value of $1.00 (“Pre-IPO Convertible Notes” or “Notes”).
Transaction Details
Private placement of new Pre-IPO Convertible Notes (“Pre-IPO” or the “Offer”).
IPO Timing
Savic Motorcycles plans to undertake an IPO in support of an application to list on the ASX and intends to lodge the IPO Prospectus within six months of the Pre-IPO Convertible Notes Issue Date.
Issue Amount
The Company is seeking to raise A$2.0 million under the Pre-IPO. The Company reserves the right to accept oversubscriptions at its absolute discretion.
Issue Date
On or about 30 June, 2025
Maturity Date
The date which is 6 months after the Issue Date. If the IPO prospectus (Prospectus) has been lodged with ASIC and ASX (or any other financial market) within this time period, the maturity date is extended to the date which is 3 months after the date on which the Prospectus is lodged.
Interest Rate
Nil
Conversion Events
The earlier of:
• ASX approving the Company’s listing application, subject to customary conditions (Listing);
• an equity capital raising by the Company of at least $5m (Subsequent Capital Raising);
• a person acquires control of more than 50% of the issued shares in the Company, or the Company sells substantially all of its business and assets, or a binding agreement for such a transaction is executed and becomes unconditional (each a Sale Event); and
• the Maturity Date.
Conversion Price
Whichever of the following applies, as a price per share:
• for a Listing – the lower of 80% of the offer price of shares under the IPO, and 80% of the price per share based on the market capitalisation of the Company at listing;
• for a Subsequent Capital Raising – 80% of the offer price of shares under the Subsequent Capital Raising;
• for a Sale Event – 80% of the consideration per share paid under the Sale Event; and
• on maturity – the lower of 70% of the share value by reference to an independent valuation, and 70% of the last recorded price of shares issued by the Company.
Restrictions
Only Eligible Purchasers as defined in the Important Notice and Disclaimer may participate, including:
• in Australia, "sophisticated investors", “experienced investors”, and "Professional investors” (for the purposes of sections 708(8), 708(10), and 708(11) respectively of the Australian Corporations Act 2001 (Cth)); and
• outside Australia and the United States, certain institutional and professional investors in New Zealand, Hong Kong, Singapore and the United Kingdom, and in any event, persons who are not located in the United States and are not acting for the account or benefit of a person in the United States in “offshore transactions” (as defined in Rule 902(h)) under the U.S. Securities Act) in reliance on Regulation S under the U.S. Securities Act of 1933.
Documents & Downloads
Company Overview
Savic Motorcycles is Australia’s first and only high-performance electric motorcycle manufacturer, blending cutting-edge technology and zero-emissions performance with a bold design philosophy. The Company was founded in Perth in 2016 by Dennis Savic and is headquartered in West Melbourne, with boutique showrooms in Victoria and WA.
Savic Motorcycles’ flagship C-Series motorcycle delivers 200Nm of instant torque and a 200km plus range. The C-Series is priced at A$29,990, circa 25% lower than comparable electric motorcycles currently available in the market, and is sold direct to riders for a seamless end-to-end experience.
The Company has significant existing customer demand with approximately 100 confirmed motorcycle orders, representing ~A$2.7m in revenue, and six motorcycles delivered to date. Additionally, the Company also has approximately 120 expressions of interest (with receipt of a deposit).
Savic Motorcycles is establishing a wholly-owned Chinese manufacturing facility in the city of Taizhou (Zhejiang Province) to scale up production of its SM1 powertrains in a cost-effective manner. The Chinese facility is anticipated to be operational by September 2025 and will have a scalable production capacity of circa 6,000 units/year to meet anticipated sales demands. The Company is also exploring various distribution options in the UK and European markets.
The C-Series
The C-Series electric motorcycle represents a new standard in two-wheeled electric mobility, combining smooth operation with impressive power delivery and effortless rideability. Its cutting-edge electric powertrain and high-capacity lithium-ion battery pack work in harmony to produce exceptional performance, delivering strong acceleration and an extended urban range that surpasses 200 kilometres on a single charge.
At its core, the C-Series features an intelligent software system and customisable digital display, and with an integrated control unit with a mobile application offering a range of riding modes and personalisable features. This forward-thinking design allows the C-Series to continuously evolve, optimising its performance based on actual riding data and ensuring an increasingly refined experience with each journey.
Technology Overview
Flagship technology delivers a blend of performance, connectivity, and innovation, which sets a new benchmark in the motorcycle industry. At the core of every C-Series is a proprietary Vehicle Control Unit (VCU), Motor Control Unit (MCU), and Edge Device Instrument Cluster (EDIC), engineered to optimise the rider's performance, efficiency, and ownership experience.
The Company also has multiple new products ready to prototype, prior to commercial launch.
The technology platform includes:
- Cloud-Based Infrastructure: Developed in-house, Savic Motorcycles’ cloud infrastructure supports real-time data collection and analytics, enabling over-the-air (OTA) updates to continually enhance vehicle functionality and user experience.
- Savic Mobile App: Riders gain unparalleled control through the Savic app, which pairs directly with the motorcycle, replacing the need for a traditional key. The app provides customisable ride modes, live performance data, and advanced diagnostics - with a range of journey planning and rider safety tools in development.
- Modular-Architecture Design: Savic Motorcycles’ approach to modularity between components such as the battery system, vehicle structure, and control software enables rapid product development and minimises time to market for new products.
- Green Manufacturing Practices: By focusing on scalable designs and working with sustainable suppliers, the Company is committed to minimising environmental impacts through every stage of its production process.
Investment Highlights
- Commercialisation is underway, with the team ready to aggressively scale manufacturing, sales and distribution.
- The Company's D2C online sales model verified with initial orders of approximately 100 motorcycles equates to revenues of ~A$2.7m, with six C-Series motorbikes delivered to date.
- A wholly owned commercial production facility is being fitted out in China to meet anticipated sales demands and scale production to ~6,000 units p.a.
- The Pre-IPO Convertible Note anticipates lodgement of an IPO Prospectus in the next six months.
- Key members of the Company’s Board and Management have been allocated up to 15% of the post-IPO issued capital as Performance Equity, which will vest upon delivery of a suite of key performance milestones around revenue, production, profitability, and shareholder returns.
- The IPO is expected to position the balance sheet as low-debt and therefore lower risk for a high-growth-prospect Company.
- The Company intends to make available to shareholders who hold > 25,000 shares at listing, a 5% discount on the recommended retail price when purchasing a C-Series motorcycle.
Use of Funds
Funds raised from the pre-IPO investment round primarily will be used for:
- Establishment of the Chinese powertrain manufacturing facility;
- A comprehensive product cost-reduction program;
- IPO preparation costs;
- Operational expenses; and
- Working capital and costs of the issue.
Board & Management
Dennis Savic
Founder & CEO
While still at high school, Dennis set his sights on building a major automotive company. Fifteen years later, he has steered Savic to start delivering its first customer motorcycles. With degrees in mechanical engineering, corporate finance, and a GAICD accreditation, Dennis is leading Savic Motorcycles into a new era of premium electric performance – driven by cutting-edge innovation, financial rigour, and a world-class team.
Nicholas Adamo
Non-Executive Chairman
Nicholas brings a lifetime of expertise in M&A, data analytics, and governance, backed by a legal background and multiple board and chair roles. Passionate about performance – both in business and on the road – he’s a bold, well-reasoned leader with a strong HNW network, ideal for steering Savic Motorcycles into its next phase of growth.
Kel Kearns
Non-Executive Director
As a seasoned global executive with nearly 30 years at the Ford Motor Company, Kel has led large-scale auto manufacturing operations and JVs across multiple countries. He currently serves as CEO at Amplify Cell Technologies, developing lithium-ion batteries for Daimler and Isuzu trucks in the United States.
Chris Ball
Non-Executive Director
Chris Ball brings over a decade of global leadership in energy technology, overseeing strategy, sales, and large-scale delivery across 17 countries. As a board director and EV infrastructure expert, his experience in high-growth manufacturing, China-based production, and market expansion makes him uniquely equipped to guide next-generation mobility ventures.
Justin Hocevar
Non-Executive Director
With more than 25 years leading major automotive brands including Renault, MINI, and INEOS, Justin brings deep expertise in launching new vehicles, shaping go-to-market strategies, and navigating global mobility trends. A seasoned motorcyclist and EV advocate, he offers rare insights into the future of transport, distribution models, and consumer demand.
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