Damon Motors Approaches $100M in Orders and Expands Global Reach to Indonesia with Indika Energy

Partnership aims to meet country’s net-zero emissions by 2060 goal

VANCOUVER, BRITISH COLUMBIA, CANADA – January 13, 2023 – (Motor Sports NewsWire) – Damon Motors, the premier EV motorbike company, today announced it has formed a partnership with PT Indika Energy Tbk., Indonesia’s leading diversified energy company. Indika has also made an undisclosed investment in Damon and will serve as the distributor for Damon’s line of motorcycles in the Indonesian market.

“My journey with Damon started in Indonesia, so this partnership with Indika Energy brings me full circle, opening the door to one day transforming the industry at a global level,” said Damon Co-Founder and CEO Jay Giraud. “Indonesia has set a goal to reach net-zero emissions by 2060. Damon is equally committed with Indika Energy to achieve this goal together.”

The inspiration to build Damon came to Giraud during a trip to Jakarta, Indonesia in 2016, a country that holds the largest two-wheeled vehicle penetration in the world. Giraud believed he could rival existing gas-driven motorcycle options that ultimately offer no safety features. In 2017, Damon was born as Giraud teamed up with Co-Founder Dom Kwong to transform two-wheel transportation, with an aim to reduce motorcycle accidents on the road by the millions.

With Indika, Damon is developing a new global motorcycle platform specifically for the needs of commuters in geographies dominated by 2-wheel mobility. The new motorcycle platform shares key technology with Damon’s other vehicles, making them cleaner, safer and more efficient than all options.

According to Azis Armand, vice president director and group CEO of Indika Energy, “Indonesia has a great opportunity to transform the riding experience for millions of people dependent on two wheels. Our vision for an electrified roadway mirrors Damon’s. Through our subsidiary, PT Ilectra Motor Group (IMG), we are committed to developing EV motorcycles and its supporting ecosystem in Indonesia. We believe this partnership will open more opportunities for collaboration to accelerate our go-to-market strategy and meet the country’s net-zero goal. This also aligns with Indika Energy’s commitment to achieve net zero by 2050.”

Damon’s partnership with Indika Energy comes as the company nears a $100M milestone in orders for its renowned motorcycles. Damon unveiled the HyperSport at CES 2020 and the HyperFighter at CES 2022. Both models offer unparalleled safety,…