Founder and CEO of Savic Motorcycles Dennis Savic has said he couldn’t be happier with his company’s capital raise that closed late last night having raised $1,224,049. The Melbourne company was aiming to raise between $500,000 and $2 million, with shares priced at 23 cents a share. Savic raised the cash to fund commercialisation of…
Melbourne-based electric motorcycle manufacturer Savic Motorcycles is seeking investment ahead of production of its C-Series, which was awarded Australian Design Rules (ADR) certification in December. On Thursday morning Savic told those on its mailing list that it has “decided to extend our capital raising through Equitise, the renowned crowdfunding platform, so that you, our supporters…
Wellnex Life gets access to medicinal cannabis market Health and wellness product company Wellnex Life has gained access to the medicinal cannabis market, with its joint venture partner OneLife Botanicals acquiring medicinal cannabis producer MediPharm Australia. Wellnex hopes to enter the market by the end of 2022 and be one of the first to market…
NERA opens way for energy companies to showcase their technologies Industry growth centre National Energy Resources Australia (NERA) has opened a pathway for energy technology companies to the Global Clean Energy Action Forum (GCEAF) event in Pittsburgh in September. NERA has launched LETs Pitch Australia, a supply chain development program aimed at Australian businesses developing…
Magnesium refinery plan for Collie Perth’s South West Development Commission has progressed a bid to establish a ‘game-changing carbon neutral magnesium refinery’ at the coal mining city of Collie in Western Australia. With the nearby state-owned Muja and Collie power stations to be retired in response to massive uptake of renewables, a pre-feasibility study has…
Savic motorcycle wins Victorian Premier’s design award Australian designed electric motorcycle, the Savic C-Series (pictured), has won the 2021 Victorian Premier’s Design Award of the Year. Designers Dennis Savic of Savic Motorcycles and David Hendroff’s mission was to design a head-turning motorcycle that combined the power and handling of a traditional cafe racer with the…
VEEM completes Australia’s largest propeller Perth marine engineering firm VEEM has completed casting and machining of the largest propeller ever produced by the company – and also the largest ever made in Australia (picture). Weighing in at around 1,500kg and manufactured with very high tolerances, the Controllable Pitch Propellor was commissioned by Norwegian company Kongsberg…
Tranche 4 and 5 of Advanced Manufacturing Growth Centre Commercialisation Fund grants have been announced, with $6.1 million awarded to ten companies.
The Australian Good Design Awards are now showcasing this year’s finalist, with winners to be named at the Good Design Awards Ceremony on September 17 in Sydney.
