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Damon Motors Announces $30M Series B Round Led By House Of Lithium

Dec 08, 2021•over 3 years ago

Amount Raised

$30 Million

Round Type

series b

Vancouver

Description

Damon Motors today announced a successful $30M USD 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, Canada factory and begin delivery of HyperSport motorcycles in 2022. With more than $45M in orders for the flagship HyperSport all-electric superbike, the company is now teasing the world with the introduction of the HyperFighter Colossus, a limited-edition model that will be unveiled at CES 2022. (See also Damon Motors Announces Limited Edition HyperFighter Colossus Motorcycle Designed for a New Generation of Urban Rider)

Company Information

Company

Damon Motors

Location

Vancouver, Washington, United States

About

Damon Motors is a global technology leader disrupting urban mobility. Headquartered in Vancouver, Canada, Damon believes the future of motorcycling is smarter, safer, more exhilarating, and personal when there’s a fusion of human and machine. Its mission is to protect riders with technology that adapts to humans instead of the other way around. Starting with the HyperSport, Damon has reimagined the relationship between bike and rider—erasing the divide to make them one. Anchored by its proprietary electric powertrain, HyperDrive™, the company has stunned the motorcycling world by unleashing earth-scorching speed, ferocious design, and epic new technologies like CoPilot™ and Shift™. Damon continues to push limits to create global impact and shift the perception of mobility and safety. For more information on how Damon technology is defining the new industry standard, please visit damon.com.

Funding Insights

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech