Damon Motors

Vancouver-based Damon Motors, long plagued by delays and share value erosion exceeding 99% since 2024, is seeking revival through software. While its HyperSport bike remains unproduced, the firm unveiled Damon I/O, a machine-learning platform offering track riders contextual insights, performance guidance, and safety recommendations.

CEO Dom Kwong says the technology uses rider behaviour, vehicle data, and environmental inputs to improve lap times and safety. Data points include lean angle, wheel speeds, throttle position, and battery health. Damon hopes this pivot creates a scalable revenue stream while positioning itself as an AI mobility leader.

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Vancouver-based Damon Motors, once celebrated for its electric HyperSport motorcycle, has shifted its focus following a troubled Nasdaq debut that saw shares plummet 90% amid production delays. First announced in 2019, the HyperSport promised a 200-mile range, 200-mph top speed, and AI-driven safety systems.

Now, the company is expanding into intelligent data solutions, unveiling the Damon I/O platform. Designed in-house, the system adapts dynamically to rider behaviour and conditions, providing track riders with lap-by-lap analysis. Chief executive Dominique Kwong says the initiative blends hardware and software to support both Damon riders and the broader mobility sector.

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Damon Motors of Vancouver this week revealed a collaboration with Italy’s Engines Engineering to accelerate the long-delayed HyperSport electric motorcycle. Promising a 200-mile range and top speed, HyperSport features AI-driven 360º collision avoidance. Once hailed as revolutionary, repeated delays tarnished confidence—until now.

Engines Engineering, established in 1979, brings racing pedigree to support validation under track conditions. Interim CEO Dom Kwong says the partnership enables efficient development of Damon’s proprietary powertrain and safety systems. With share prices rebounding 20% post-announcement, investors seem reenergized. Damon still targets a 2025 launch.

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Vancouver-based Damon, maker of the much-hyped HyperSport electric motorcycle, is facing mounting challenges as it seeks millions in new capital to stay afloat. Founded in 2017, Damon has yet to deliver its flagship product, first announced in 2019.

Production is now delayed until 2026, hindered by funding shortfalls, layoffs, and the departure of key personnel including CEO Jay Giraud and technical leader Derek Dorresteyn. A recent report from RideApart questions whether Damon can meet even its revised timeline. Shares of DMN have fallen 70% since the company’s Nasdaq debut in 2024.

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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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Damon Motors is heading back to CES at the Las Vegas Convention Center.

The event, scheduled from January 9-12, will feature the company’s HyperFighter electric motorcycle at the NXP® Semiconductors booth. This naked streetfighter motorcycle boasts 200 hp, 200 nm torque, and can reach speeds up to 170 mph. Its range is estimated at 146 miles per charge.

Damon’s innovations have earned them multiple accolades, including a 2022 CES Best in Innovation award. Their merger with Inpixon and upcoming NASDAQ listing underline their significant growth, which includes $70M in funding and over $85M in deposit-backed reservations.

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Vancouver-based Damon Motors, renowned for its HyperSport electric motorcycle, is on the verge of becoming a publicly traded company through a reverse merger with Inpixon’s spin-off entity, Grafiti Holding Inc.

The deal, with an estimated enterprise value between $224 million and $284 million, follows Damon’s success in securing over $70 million in funding and $85 million in pre-production motorcycle reservations.

Damon’s mission is to revolutionize motorcycling safety with cutting-edge technology while delivering impressive performance. As founder and CEO Jay Giraud stated, “People want to trade up in life.”

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