Damon Motors Exceeds $90M Order Backlog; Company Eyes Potential $250M Signed Customers Globally

Production Preparations Underway for 2023 Deliveries

VANCOUVER, BRITISH COLUMBIA, CANADA – October 10, 2022 – (Motor Sports NewsWire) – Damon Motors, the premier EV motorbike company, today announced its order book has exceeded a $90M order backlog to date globally with the potential of exceeding $250M through international partnerships, like the one with Latin America’s Auteco. The makers of the first EV motorcycle capable of outperforming the best gas-powered superbikes, Damon’s products boast never-before-seen technology advancements including HyperDrive™, Co-Pilot™ and Shift™, designed to solve problems experienced across every other motorcycle in the world. Combined with its astonishing 200 hp / 200 mph / 200 miles of range, Damon motorcycles represent the first breed of bikes ready to displace combustion two-wheelers and lead the industry into a greener future.

“You can’t be the future of anything if you’re not better than the past,” says Co-Founder and CEO Jay Giraud. “It was necessary for us to target performance metrics as good or better than anything achieved before, otherwise people aren’t going to go electric in any meaningful numbers. This is the fundamental Achilles’ heel in the two-wheel EV industry so far. Nobody will trade in for an electric motorbike if it’s not as good as what they already have—people want to trade up.”

With over 160 million motorcycles produced annually, the industry is responsible for being the 2^nd worst emitter of greenhouse gas emissions. Yet this staggering figure is overshadowed: motorcycles on average produce 16 times more hydrocarbons than passenger cars, which are outnumbered by motorcycle usage daily. To compound matters, a report from Ian Savage at Northwestern University finds today’s motorcycle accidents account for 212 deaths per one billion passenger miles, compared with cars at just seven. The majority of these accidents occur in intersections caused by car drivers, but are also attributed to a lack of evasive action by motorcycle riders. It was these facts combined with his passion for motorcycling that led Mr. Giraud and Co-Founder Dom Kwong to found the company.

“We have to get to one-million units annually to put a dent in the industry and change it forever,” adds Giraud. “By coupling high-volume production with our 5G connected, sensor-enabled, self-learning compute system, we can make it so…