Damon Inc., maker of advanced electric motorcycles, announced development milestones and a roadmap to production, contingent on securing capital. Key achievements include over 3,000 pre-orders worth $100M and advanced work on its HyperDrive™ powertrain. The company targets late-2025 pre-production completion and 2026 manufacturing in San Rafael, CA.
CEO Jay Giraud highlighted funding challenges, citing volatile markets and high inflation delaying progress. Despite setbacks, Damon’s Nasdaq listing and partnerships with Grafiti Holdings and industry leaders offer hope. The company remains focused on reinventing motorcycling with cutting-edge safety and battery technologies.
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