Electric Motorbike Maker Savic Seeks $15m to Fund Global Expansion

Australian electric motorcycle group Savic seeks $15m to expand

The Melbourne-based company is seeking a new round of funding in the hope it can gain a foothold in the global market with five new models.

Electric motorbike maker Savic seeks $15m to fund global expansion

Melbourne electric motorcycle maker Savic is seeking new investors with the hope of establishing itself as a dominant global force in the emerging electric two-wheeler market, despite sluggish Australian demand for the technology relative to passenger cars. The company is seeking up to $15 million in fresh capital at a valuation of $30 million to [...]