Vancouver’s Damon Motorcycles has raised $3 million and acquired the intellectual property of Mission Motors.

According to Techcrunch, the funding is additional capital raised at the pre-series A level from undisclosed angel investors. Previous investors include Round 13 Capital, Techstars, Extreme Venture Partners and Pallasite Ventures.

Built in Vancouver and founded by serial entrepreneurs Jay Giraud and Dominique Kwong, Damon Motorcycles is a two-wheel technology company that employs radical innovations in sensor fusion, robotics and AI to expand the reach of a rider’s senses in 360º and deliver enhanced situational awareness.

The Hypersport electric superbike was officially unveiled at CES in January where it won a CES 2020 “Best in Innovation” award for its cutting-edge technology designed to make motorcycling safer and smarter than ever before.

Damon purchased the IP of the defunct, formerly San Francisco-based Mission Motors, an e-motorcycle venture that achieved a number of performance benchmarks and captured the attention of Jay Leno. Mission Motors was also one of first e-moto companies to compete with an entry in the Isle of Man TT race in 2009.