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Damon Motors is a technology company.
Damon Motors designs and manufactures high-performance electric motorcycles, including its HyperSport and HyperFighter models. The company integrates advanced technology into its vehicles, emphasizing safety and intelligent riding experiences. They aim to redefine personal mobility through innovative electric powertrains and proprietary systems, fostering a new era of urban transportation.
Damon Motors was founded in 2017 by Jay Giraud. The company originated from an insight into technology's potential to fundamentally transform the safety and intelligence of motorcycle riding. Giraud envisioned a future where personal mobility is not only exhilarating but also significantly safer and more connected through integrated systems.
The company's offerings appeal to riders seeking advanced, high-performance electric motorcycles that prioritize safety and connectivity. Damon Motors is working towards a connected mobility future, focusing on an asset-light business model and diversifying into various revenue verticals. Their overarching vision is to unleash the full potential of personal mobility, making it smarter and more secure.
Damon Motors has raised $35.6M across 4 funding rounds.
Damon Motors has raised $35.6M in total across 4 funding rounds.
Damon Motors has raised $35.6M in total across 4 funding rounds.
Damon Motors's investors include Andrew Defrancesco, Extreme Venture Partners, Pallasite Ventures, Bruce Croxon, Techstars, Cota Capital, Laconia Capital Group, Joe Zawadzki.
Damon Motors is a technology company designing and developing premium electric motorcycles and AI-driven mobility platforms, targeting highway-capable segments with a focus on safety, performance, and connectivity.[1][3][6] Its flagship products, the HyperSport and HyperFighter electric superbikes, serve performance-oriented riders and urban commuters, solving longstanding issues like safety risks, limited range, emissions, noise, and poor digital integration through patented technologies including CoPilot™ (360° awareness), Shift™ (adjustable riding positions), and HyperDrive™ (integrated powertrain).[1][3][4][6] The company has invested over $75M, secured more than $100M in customer reservations, and launched Damon I/O, a vehicle-agnostic AI platform for connected services across motorcycles, scooters, and fleets, driving growth in electrification and smart mobility.[2][5]
Founded in Vancouver, Canada—with offices in San Rafael, California—Damon Motors emerged to disrupt urban mobility and advance clean transportation technology, as supported by British Columbia government recognition in 2021.[3][8] Led by CEO Dom Kwong, the company has evolved from hardware-focused electric superbikes to a broader ecosystem including software platforms, leveraging globally patented innovations to address motorcycle safety gaps.[2][5] Early traction includes award-winning technologies, significant R&D investment exceeding $75M, and pivotal milestones like the recent engineering completion for the next-generation HyperSport Race platform, alongside over $100M in pre-orders validating market demand.[1][5][7]
Damon rides the electrification of personal mobility and AI-driven safety trends in the $127B two-wheeled market, projected to surpass $200B by 2032, where motorcycles lag cars in ADAS adoption.[5] Timing aligns with global pushes for clean transport, smart cities, and usage-based insurance, amplified by regulatory incentives like B.C.'s clean tech support.[8] Market forces favoring Damon include rising EV demand, safety concerns (unaddressed for decades), and fleet electrification needs, positioning its platforms for OEM integration and decentralized infrastructure.[1][2][3] By exporting car-like radar/AI to bikes and extending to wearables/fleets, Damon influences the ecosystem toward connected, data-driven mobility, creating new revenue in a hardware-dominated industry.[2][5]
Damon is primed for scalable growth via software like Damon I/O and licensing, complementing hardware ramps like HyperSport production, with $100M+ reservations signaling strong demand.[2][5][7] Trends in AI logistics, predictive safety, and fleet telematics will shape its path, potentially dominating premium EV bikes while expanding to scooters and delivery. Its influence may evolve from niche disruptor to ecosystem enabler, rivaling incumbents in volume and margins through connected optimization—redefining safer, smarter riding as the new standard.[1][2]
Damon Motors has raised $35.6M across 4 funding rounds. Most recently, it raised $30.0M Series B in December 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 8, 2021 | $30.0M Series B | Andrew Defrancesco | |
| Mar 31, 2020 | $3.0M Pre-Seed | ||
| Jun 4, 2019 | $2.5M Seed | Extreme Venture Partners, Pallasite Ventures, Bruce Croxon, Techstars | |
| Jul 1, 2017 | $120K Seed | Cota Capital, Laconia Capital Group, Joe Zawadzki |