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Damon Motorcycles To Hire 150 After $38 Million Financing Round

December 11, 2021 by Robert Lewis

Motorcycles have seen a resurgence in the wake of COVID-19 as people adopt personal modes of transportation in an effort to maintain social distancing.

Concurrently, the increased attention toward global warming and the effects of climate change have resulted in riders demanding cleaner alternatives that are not reliant on harmful fossil fuels.

Vancouver’s Damon Motors has answered the call with its line of electric motorcycles that offers a cleaner, quieter and safer path forward for riders and the environment.

With more than $45 million in orders for the flagship HyperSport all-electric superbike, the company is now teasing the world with the introduction of the HyperFighter limited-edition model that will be unveiled at CES 2022.

To make that happen Damon Motors has raised a USD $30 million Series B funding round led by House of Lithium along with several strategic partners.

The funding will further drive production and manufacturing efforts as the company prepares to open its Vancouver factory and begin delivery of HyperSport motorcycles in 2022.

“The ride has been nonstop since we first unveiled the HyperSport at CES,” said Jay Giraud, co-founder & CEO, Damon Motors. “As 2022 approaches, it’s full speed ahead with the backing of House of Lithium and the investment community, as well as the riding community. We’re headed back to where it all started at the Consumer Electronic Show in Las Vegas and will be introducing our latest creation that will solidify Damon’s position as the leader in the future of motorcycling.”

Derived from Damon’s first bike, HyperSport, the HyperFighter Colossus is a raw, muscular-silhouetted, electrifying streetfighter motorcycle. 100 fully-optioned HyperFighter Colossus “First-in-Line” motorcycles will be available worldwide for order starting now at damon.com. Once sold, this version will be retired.

Damon’s accelerated ability to deliver a new motorcycle at CES is enabled by its proprietary HyperDrive™ technology.

HyperDrive is the world’s first monocoque-constructed, 100% electric, multi-variant powertrain and forms the core of all Damon motorcycles. It serves as the nucleus that a wide range of models and submodels can quickly be built upon.

To meet the company’s growth and market demand it currently has 150 new career opportunities in all disciplines including engineers with automotive, battery, power train and embedded software expertise.

Filed Under: News Tagged With: Damon Motorcycles

 
 
 

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