Damon Bikes, the startup that in 2019 unveiled a flashy electrical bike supposed to finest its combustion engine-powered competitors, has introduced that it has gone public and can assemble its first production-intent bikes subsequent yr.
The corporate’s announcement in the present day claims that it has gone public on the Nasdaq and touts its US $100M in “deposit backed reservations”. The deposit quantities differ, however for the model’s flagship US $40,000 Damon HyperFighter Colossus, the US $250 fully-refundable deposit would suggest someplace round 2,500 to three,000 reservations.
Nevertheless, these reservations have been rolling in for fairly a while and lots of had been doubtless primarily based on the model’s earlier bulletins and unveilings – a number of of which trickled out between 2019 and 2022.
However the firm’s founder and CEO Jay Giraud says riders ought to nonetheless count on Damon to make good on its guarantees of a 200 mile, 200 mph, and 200 hp (320 km, 320 km/h, 150 kW) electrical bike coming subsequent yr.
“Our imaginative and prescient is resonating with a worldwide group that’s prepared for a extra fashionable using expertise – what the previous guard retains promoting yr after yr has gotten stale,” defined Giraud. “And reaching $100M in reservations is a reasonably good indication that it’s time to assume totally different.”
For years now we’ve heard that Damon’s upcoming electrical bikes received’t solely be highly effective sport bikes, however may even be brimming with new expertise and superior options by no means earlier than seen in motorcycling.
That expertise suite features a function that Damon first touted in January of 2020 referred to as CoPilo, an AI-enhanced 360º collision warning system, in addition to Shift™, electronically adaptive ergonomics that rework the using place from sport to commuter on the fly.
Whereas a shapeshifting bike with 360 diploma AI-enhanced imaginative and prescient gave the impression of science fiction when the corporate was launched in 2019, we’ve since seen reasonably priced commuter e-motos like Ryvid rollout frame-shifting tech that lets homeowners regulate the bike’s geometry whereas actively using, and startups like RiderDome are already offering 360-degree AI-enhance bike sensor programs.
Damon Bikes might nonetheless attain uncharted territory if the corporate can produce a 200 mph and 200 hp electrical bike with its claimed 200 miles of freeway vary, however that also seems like an enormous “if.”
For now, probably the most up-to-date goalpost location seems to now be 2025, although the corporate is simply claiming to be getting ready “for meeting of a fleet of manufacturing intent autos in 2025.” It stays to be seen when true manufacturing will start and that supposed US $100M sitting on the market might be transformed into bikes
