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$16.5m

Post IPO Equity
Total Funding000k
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More about Damon
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Damon Motorcycles, a Vancouver-based company founded in 2017 by Jay Giraud and Dom Kwong, operates in the electric vehicle market with a focus on high-performance electric motorcycles. The venture was born from Giraud's personal experience with a motorcycle accident, which fueled a mission to enhance rider safety through technology. Kwong, an engineer with a background in consumer electronics, complements this vision with his technical expertise. The company's business model is primarily direct-to-consumer, which allows for higher margin retention and a direct feedback loop from customers. It also explores subscription plans and has outlined four potential revenue streams: Personal Mobility, Data Intelligence, Licensing and Engineering Services, and Special Projects.

Damon's product lineup is centered around its proprietary HyperDrive™ platform, the world's first monocoque-constructed, all-electric powertrain that serves as the structural core for all its motorcycle models. This modular platform supports a range of models, including the flagship HyperSport and the HyperFighter streetfighter. The HyperSport series boasts impressive performance metrics, with top-tier models offering 200 horsepower, a 200-mph top speed, and a range of over 200 miles. A key differentiator for Damon is its suite of advanced technologies aimed at improving rider safety and experience. The CoPilot™ advanced warning system utilizes radar, cameras, and an onboard neural net to monitor up to 64 objects around the motorcycle, providing 360-degree awareness. Alerts are delivered through haptic feedback in the handlebars and LED indicators on the windscreen. Another significant feature is the Shift™ technology, which allows riders to electronically adjust the motorcycle's ergonomics—including handlebars, seat, and footpegs—between sport and commuter positions while in motion.

The company targets a new generation of motorcyclists who prioritize both performance and safety. By integrating AI, sensor fusion, and robotics, Damon aims to create a safer and more connected riding experience. Data collected from the motorcycles is used to continuously improve the system's predictive algorithms through over-the-air updates, making the entire fleet of bikes smarter over time. Despite securing significant pre-order numbers and funding, the company has faced production delays and financial challenges. In early 2025, Damon announced a strategic collaboration with Italian engineering firm Engines Engineering to accelerate the development and validation of its HyperSport technology, signaling a shift towards a more capital-efficient, asset-light business model.

Keywords: electric motorcycles, rider safety technology, CoPilot warning system, HyperDrive powertrain, Shift ergonomics, direct-to-consumer, advanced driver-assistance systems, performance superbikes, connected vehicles, urban mobility

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