Damon Motorcycles announced today that it has raised more than $30 million in funding, completing a bridge round led by Benevolent Capital, SOL Global Investments, Zirmania, and others.
Along with the financing announcement Damon also updated preorder sales numbers. The Vancouver-headquartered mobility startup has now reached $20 million in pre-sales, selling nearly 1,000 motorcycles and selling out of its limited edition HyperSport models.
Damon’s updates today come on the heels of the first anniversary of its flagship HyperSport motorcycle launch at CES 2020.
The Damon HyperSport sets a new standard in motorcycle safety, awareness and connectivity. It boasts well over 200hp and 200nm of torque delivered at zero rpm, a top speed of 200 mph, a range of more than 200 highway miles per charge.
All HyperSports are outfitted with CoPilot™, Damon’s 360° advanced warning system; Shift™, which transforms the riding position between sport and commuter modes with the push of a button; and HyperDrive™, the world’s first 100 percent electric, multi-variant powertrain platform optimized for maximum performance, design and safety.
“We have unveiled the future of two-wheel transportation and yielded high demand in North America and Europe, validating the market need for high-performance electric motorcycles,” said Jay Giraud, founder & CEO at Damon Motors. “On the back of this demand, Damon will produce an entire line of medium- and high-performance motorcycles over the next few years, with HyperDrive serving as the core of each model.”
The capital raised will further fuel Damon’s path to market and enable demo tours, pre-production development and testing, and associated hires.
Damon has also expanded its board of directors with the additions of Benevolent Capital’s Jaques Clariond and Quanta Cloud Technology’s Howard Wu.
The company has won numerous industry awards including Popular Science’s Best of What’s New Award.