The innovative Savic electric motorcycle program has been given a boost, with seven-figure funding secured from Federal Government Initiatives to take the bikes into production.
The C-Series bike range has attracted $1.14 million dollars in Federal Government-supported grants, through the Australian Manufacturing Growth Centre (AMGC). Another $657,000 has been committed via the AMGC’s Commercialisation Fund.
“The investment from AMGC is a strong vote of confidence in our product and plans to manufacture EV motorbikes onshore,” he said.
Founder Dennis Savic said: “With this funding secured, our 30-strong team can now move to start manufacture, with at least 20 bikes intended to be delivered to owners late next-year, before rapidly scaling up operations in 2023.”
Managing Director of the AMGC, Dr Jens Goennemann, said Savic was a great example of the considerable expertise available in Australia.
“Savic Motorcycles is paving the way for electric mobility in Australia by leveraging the best of breed designers, engineers and manufacturing partners to deliver motorbikes of unmatched performance for local and global customers,” he said.
“Savic is proof that when you embrace the entire manufacturing process from design to research and development, all the way through to sales, there are exciting times ahead for Australian manufacturing.”
CREDITS: Carsales Business