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Damon

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Making high performance electric motorcycles that are safer and smarter to unleash the full potential for the world’s commuters

Vancouver, CanadaFounded 2017Transportation
Valuation $120M Market cap · 2021
Revenue $223K Latest reported FY

About Damon

Damon Motorcycles, a Vancouver-based company founded in 2017 by Jay Giraud and Dom Kwong, operates in the electric vehicle market with a focus on high-performance electric motorcycles. The venture was born from Giraud's personal experience with a motorcycle accident, which fueled a mission to enhance rider safety through technology. Kwong, an engineer with a background in consumer electronics, complements this vision with his technical expertise. The company's business model is primarily direct-to-consumer, which allows for higher margin retention and a direct feedback loop from customers. It also explores subscription plans and has outlined four potential revenue streams: Personal Mobility, Data Intelligence, Licensing and Engineering Services, and Special Projects.

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Damon's product lineup is centered around its proprietary HyperDrive™ platform, the world's first monocoque-constructed, all-electric powertrain that serves as the structural core for all its motorcycle models. This modular platform supports a range of models, including the flagship HyperSport and the HyperFighter streetfighter. The HyperSport series boasts impressive performance metrics, with top-tier models offering 200 horsepower, a 200-mph top speed, and a range of over 200 miles. A key differentiator for Damon is its suite of advanced technologies aimed at improving rider safety and experience. The CoPilot™ advanced warning system utilizes radar, cameras, and an onboard neural net to monitor up to 64 objects around the motorcycle, providing 360-degree awareness. Alerts are delivered through haptic feedback in the handlebars and LED indicators on the windscreen. Another significant feature is the Shift™ technology, which allows riders to electronically adjust the motorcycle's ergonomics—including handlebars, seat, and footpegs—between sport and commuter positions while in motion.

The company targets a new generation of motorcyclists who prioritize both performance and safety. By integrating AI, sensor fusion, and robotics, Damon aims to create a safer and more connected riding experience. Data collected from the motorcycles is used to continuously improve the system's predictive algorithms through over-the-air updates, making the entire fleet of bikes smarter over time. Despite securing significant pre-order numbers and funding, the company has faced production delays and financial challenges. In early 2025, Damon announced a strategic collaboration with Italian engineering firm Engines Engineering to accelerate the development and validation of its HyperSport technology, signaling a shift towards a more capital-efficient, asset-light business model.

Source: Dealroom company data

At a glance

Status
Listed
Founded
2017
Headquarters
Vancouver, Canada
Listing
IPO 2024
Employees
19
Open positions
None listed
Dealroom signal
62.3/100
Sub-industry
Mobility, Autonomous & Sensor Tech, Vehicle Production
Sector
Transportation, Automotive, Cloud Computing
Technology
Artificial Intelligence, Deep Tech, Machine Learning, Deep Learning, Autonomous & Sensor Tech, IoT InternetOfThings
Business model
Manufacturing
Client focus
b2b, b2c

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO DEBTDebt Jan 2026 $300K — Undisclosed ↗
POST IPO EQUITYOther financing Mar 2025 $17M — Undisclosed ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026 $223K 0%
2025 $223K —
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Growth signals

Damon website traffic

Latest recorded traffic for Damon is 17K monthly website visits, down 39.3% over the last three months. Damon's team declined 38.7% over the past year.

Latest monthly visits17K 3-month web change-39.3% 1-year team growth-38.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

15 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

  • Techstars
  • Pallasite Ventures
  • Extreme Venture Partners

Series A6 investors entered at this stage

  • Round13 Capital
  • Ark Canada Investment Group
  • Sol Global investments
  • Zirmania
  • Benevolent Capital
  • House of Lithium

Series B and later1 investor entered at this stage

  • Indika Group

Other known investors5 additional known investors

Team profiled 13 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇨🇦 Canada66.7%
🇺🇸 United States26.7%
🇮🇳 India6.7%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Damon on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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