About Damon
Damon is a company based in Vancouver (Canada) founded in 2017 by Dom Kwong and Jay Giraud.. Damon has raised $70.26 million across 8 funding rounds from investors including Indika Energy, SOL Global Investments and Techstars. Damon offers products and services including HyperSport, HyperFighter, and HyperDrive. Damon operates in a competitive market with competitors including Zero Motorcycles, Alta Motors, Canoo, Kandi Technologies and LiveWire, among others.
- Headquarter Vancouver, Canada
- Founders Dom Kwong, Jay Giraud
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Damon Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$70.26 M (USD)
in 8 rounds
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Latest Funding Round
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Investors
Indika Energy
& 7 more
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Employee Count
Employee Count
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IPO & Listings of Damon
Damon is a publicly listed company on the OTC with ticker symbol DMNIF in USA, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Damon
Damon offers a comprehensive portfolio of products and services, including HyperSport, HyperFighter, and HyperDrive. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-performance electric superbike with safety alerts and fast charging.
Naked superbike offering top speed, range, and performance features.
Integrated system for reduced weight and better handling efficiency.
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Funding Insights of Damon
Damon has successfully raised a total of $70.26M across 8 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Last Round
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First Round
First Round
(01 Jun 2017)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2023 | Amount | Series B - Damon | Valuation | Indika Energy |
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| Nov, 2021 | Amount | Series B - Damon | Valuation | House Of Lithium e-Motorsports |
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| Mar, 2021 | Amount | Series B - Damon | Valuation | Benevolent Capital , SOL Global Investments |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Damon
Damon has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Indika Energy, SOL Global Investments and Techstars. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Round13 Capital is engaged in venture capital investments across Canada.
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Seed & early stage tech-focused VC firm investing in geographies such as the US and Canada
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Damon
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Damon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Damon Comparisons
Competitors of Damon
Damon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zero Motorcycles, Alta Motors, Canoo, Kandi Technologies and LiveWire, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Manufacturer of electric motorbikes
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| domain | founded_year | HQ Location |
Designer & manufacturer of lightweight electric motorcycles
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| domain | founded_year | HQ Location |
Multiple categories of electric vehicles are designed and developed.
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| domain | founded_year | HQ Location |
Multi-category electric vehicles are developed by Kandi Technologies.
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| domain | founded_year | HQ Location |
Electric motorcycles are manufactured by LiveWire in the United States.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Damon
Frequently Asked Questions about Damon
When was Damon founded?
Damon was founded in 2017.
Where is Damon located?
Damon is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Who is the current CEO of Damon?
Jay Giraud is the current CEO of Damon. They have also founded this company.
Is Damon a funded company?
Damon is a funded company, having raised a total of $70.26M across 8 funding rounds to date. The company's 1st funding round was a Series B of $30M, raised on Jun 01, 2017.
What does Damon do?
Damon was founded in 2017 in Vancouver, Canada, where electric motorcycles are designed and produced. Operations center on the automotive sector, specifically all-electric vehicles equipped with monocoque construction, multi-variant powertrains, and integrated hazard detection systems. Development emphasizes functional engineering for urban mobility, with manufacturing processes handled from the Canadian base to support global distribution in the sustainable transport field.
Who are the top competitors of Damon?
Damon's top competitors include Zero Motorcycles, Alta Motors and Canoo.
What products or services does Damon offer?
Damon offers HyperSport, HyperFighter, and HyperDrive.
Is Damon publicly traded?
Yes, Damon is publicly traded on OTC under the ticker symbol DMNIF.
Who are Damon's investors?
Damon has 8 investors. Key investors include Indika Energy, SOL Global Investments, Techstars, House Of Lithium e-Motorsports, and Round13 Capital.
What is Damon's ticker symbol?
The ticker symbol of Damon is DMNIF on OTC.