Company: SVREW
Filing Date: 2025-03-21
Form Type: DRS
Source: 0001013762-25-001063
Chunk: 15

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: DRS
Chunk 15
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 and evaluate the performance of our technology. After testing and evaluating our solution, 35 of our pilot program participants have placed, or are in process of placing, commercial orders for their vehicle fleet, while most of the remaining participants are still in the process of piloting our solution.

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As of March 19, 2025, we
have installed about 1,100 systems in large fleets in Israel as part of pilot programs and more than 3,000 SaverOne systems pursuant
to commercial orders. In addition, we have commercial orders for about 1,440 systems, in addition to these installations.

We intend to build a global
commercial infrastructure to support the commercialization of our products. During the fourth quarter of 2022, we released our Generation
2.0 solution for sale. We are targeting the global aftermarket automobile market starting with the U.S. and Europe. We intend to distribute
our solution through local distributors in each country or region who are familiar in the logistics, automotive installation and support
activities, as well as having links to our potential customers.

In March 2023, we joined
the European Union’s (EU) Regulatory Committee on Driver Distraction, as an observing member. This committee is responsible for
setting EU regulations for OEMs for in-vehicle technologies that help detect driver distractions and improve road safety. As an observing
member, we have the opportunity to contribute our strong expertise and insights to help shape the future of in-vehicle technology, to
reduce driver distractions and better protect vulnerable road users and will participate in discussions, provide feedback, and help craft
regulations that promote safer driving habits and promote technologies to reduce accidents on the road. The EU Regulatory Committee on
Driver Distraction aims to promote regulations that oblige OEMs that launch new vehicle models in the EU starting from July 2024 to integrate
solutions into the vehicle systems that will tackle driver distraction. From July 2026, the integration of driver distraction systems
will become a requirement for all new vehicles sold in the EU.

Funding Transactions with Yorkville through Standby Equity Lines

The Prior SEPA

On June 5, 2023, the Company
entered into a Standby Equity Purchase Agreement (the “Prior SEPA”) with Yorkville, pursuant to which the Company has the
right to sell to Yorkville from time to time up to $10,000,000, or the Commitment Amount of the ADSs during 48