Company: SVREW
Filing Date: 2025-03-31
Form Type: F-1
Source: 0001213900-25-026272
Chunk: 12

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-31
Form: F-1
Chunk 12
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 additional 391,000 people. Moreover, the Federal Motor Carrier Safety Administration,
or FMCSA, reported that 71% of commercially driven large-truck crashes occurred because of driver distraction.

Distracted driving due to
mobile phone usage is not just a problem in the United States. A number of surveys conducted across Europe and Oceania have revealed
troubling statistics about its prevalence across nations. In the Czech Republic, 36% of drivers admitted to using their phone almost
every time they get behind the wheel. In both Spain and Ireland, 25% of drivers admitted to using their phone while driving. In Germany,
at any given moment an average of 7% of all drivers are distracted while driving. This problem of distracted driving extends to
Australia as well, where one-quarter of drivers admitted to using their phone while driving.

As of the second quarter
of 2024, there were an estimated 291 million cars and trucks on the road in the United States and approximately 345 million cars and
trucks on the road in Europe. In addition, it is estimated that approximately 77 million new cars were sold worldwide in 2024.

The ramifications of mobile
phone distracted driving exceed the bounds of just physical damage, as they can be exceedingly costly for drivers as well. For example,
expressed on a per death basis, the cost of all motor-vehicle crashes (fatal, nonfatal injury, and
property damage) was $11,880,000 according to the NSC. In addition, the total societal and economic costs of distracted driving crashes
in the United States was estimated at $871 billion according to the NHTSA. Specifically with regard to commercial vehicle crashes, the
average total costs of commercial motor vehicle crashes for the years of 2012-2015 was over $11 billion per year according to the FMCSA.
Accordingly, we believe that there is a tremendous financial incentive for a solution to this grave problem.

In response to the need for
a solution to distracted driving resulting from the use of mobile phones, the NHTSA has published a comprehensive study suggesting that
a complete solution must contain the following features: (i) the ability to distinguish between the driver’s area of the vehicle
and the rest of the vehicle, (ii) does not depend on the cooperation of the driver, and (iii) selective blocking of cell phone applications.
Our SaverOne system has been designed with these features in mind and it is for this reason that we believe