VANCOUVER, British Columbia–(BUSINESS WIRE)–Damon Motors today announced it has raised more than $30M in funding, completing a bridge round led by Benevolent Capital, SOL Global Investments, Zirmania, and others. The financing couples with skyrocketing preorder sales that have now reached $20M for the exhilarating line of HyperSport motorcycles. The capital raised will further fuel Damon’s path to market and enable demo tours, pre-production development and testing, and associated hires. Damon has also expanded its board of directors with the additions of Jaques Clariond and Howard Wu.
“We have unveiled the future of two-wheel transportation and yielded high demand in North America and Europe, validating the market need for high-performance electric motorcycles,” said Jay Giraud, founder & CEO at Damon Motors. “On the back of this demand, Damon will produce an entire line of medium- and high-performance motorcycles over the next few years, with HyperDrive serving as the core of each model.”
New Board of Directors Members:
Jaques Clariond – Jaques is a Managing Partner at Baudpont and serves in Senior Advisor roles at Blue Ivy Ventures and Benevolent Capital. Jaques is focused on investing in high-growth consumer companies across the health and wellness, fitness, lifestyle, and consumer packaged goods sectors. He has extensive experience helping companies navigate the financial complexities associated with raising capital and executing upon the…