# Damon Motors

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/damon-motors

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Vancouver, Canada
- Website: www.damon.com
- Total disclosed funding: $33M
- Latest round: Series B (Dec 8, 2021)
- Investors on record: 5

## About

Damon Motors Inc., based in Canada, specializes in high-performance electric motorcycles, focusing on innovative technology and safety features to enhance the riding experience for enthusiasts and eco-conscious consumers.Founded in 2017 and headquartered in Vancouver, Canada, Damon Motors Inc. designs cutting-edge electric motorcycles. The company was co-founded by Jay Giraud, who has experience in previous startups. Damon Motors raised USD 30.00 mn in SERIES B funding led by House of Lithium on January 17, 2023, bringing its total amount raised to USD 30.00 mn through 5 deals.Damon Motors specializes in high-performance electric motorcycles, with flagship models including the Hypersport and HyperFighter. The Hypersport is a multi-functional superbike, achieving top speeds of 200 mph, and incorporates CoPilot™, a 360º Advanced Motorcycle Warning System for enhanced safety. The HyperFighter offers a high-performance naked superbike experience, balancing power and agility. Both models utilize HyperDrive™ technology, merging structural and electrical systems to improve performance and reduce maintenance. The target customer segments include motorcycle enthusiasts and eco-conscious riders across North America and select European markets.Damon Motors primarily generates revenue through direct sales of its motorcycles, especially the Hypersport and HyperFighter. The sales approach is direct-to-consumer, allowing purchases via the company’s online platform and select retailers. Positioned as premium offerings, these motorcycles reflect advanced technology and performance features. The company is also exploring partnerships in the automotive sector to enhance its market presence and revenue streams, with potential ancillary revenue from charging infrastructure partnerships.Following its most recent funding round on January 17, 2023, Damon Motors plans to develop a new motorcycle platform designed specifically for commuters in regions dominated by two-wheel mobility. This initiative, supported by the recent venture funding, aims to enhance the company’s market offering and expand into new geographic areas. Specific target markets have not been disclosed, but the focus is on meeting the growing demand for electric mobility solutions.

## Funding rounds

- Series B, Dec 8, 2021, $30M — House of Lithium
- Seed, Jun 4, 2019, $2.5M — Extreme Venture Partners, Techstars, Round13 Capital, Pallasite Ventures

## Investors

- Extreme Venture Partners (https://capitalatlas.ai/funds/extreme-venture-partners) — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Round13 Capital (https://capitalatlas.ai/funds/round13-capital) — Seed
- Pallasite Ventures (https://capitalatlas.ai/funds/pallasite-ventures) — Seed
- House of Lithium (https://capitalatlas.ai/funds/house-of-lithium) — Series B