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Makes And Models => Damon => Topic started by: JaimeC on February 13, 2025, 12:28:40 AM

Title: You're Probably Never Getting the ... Damon Electric Motorcycle
Post by: JaimeC on February 13, 2025, 12:28:40 AM

Article from RideApart:
https://www.rideapart.com/features/750361/damon-motorcycles-electric-ev-derek-dorresteyn-leaves/

Title: Re: You're Probably Never Getting the ... Damon Electric Motorcycle
Post by: FrankF87 on February 13, 2025, 01:31:32 AM

I follow the stock and read all SEC filings - there is something missing from the article - Damon did a filing with SEC on 7 February that has their product roadmap in it for investors - interesting read - I attached a screen shot of the timeline for product launch.

If you want to read the new Prospectus for investors -

https://www.sec.gov/Archives/edgar/data/2000640/000121390025011158/ea0230299-424b3_damon.htm

Timeline for launch published in prospectus -
Hypersport - Q3 2026 up to Q2 2027
Hyperfighter - Q1-Q2 2028
HyperLite - Q1-Q2 2029

Also - if you read it all, you will find this statement - Damon initially plans to deliver its vehicles without CoPilot ADAS, with the goal to activate additional features over time. There is no guarantee that the CoPilot ADAS will ultimately perform in line with expectations. 

Frank

Title: Re: You're Probably Never Getting the ... Damon Electric Motorcycle
Post by: Fran K on February 13, 2025, 02:31:41 AM

 

We have never declared or paid any cash dividends on our common shares to date and do not intend to pay cash dividends. We anticipate that we will retain all available funds and any future earnings, if any, for use in the operation of our business and do not anticipate paying cash dividends in the foreseeable future.

I did not really find the business plan it is kind of multi page.  Do they still plan on deposit then make the bike and no dealerships?  Last it seemed possible it was sign up for a test ride.

Title: Re: You're Probably Never Getting the ... Damon Electric Motorcycle
Post by: Specter on February 13, 2025, 04:32:24 AM

Why so long to get bikes out the door, if they supposedly were already in production and making bikes already?
by the time they get there they'll be selling outdated tech. I wonder what, if any plans or improvements they plan on making?  besides for maybe actually selling a bike or two.

Aaron

Title: Re: You're Probably Never Getting the ... Damon Electric Motorcycle
Post by: EsseEsse on February 18, 2025, 09:51:48 PM

Damon has put out another update in which they only use the word "motorcycle" once. Now they're apparently "Damon Inc. is a designer and developer of personal mobility products and technology solutions that integrate AI-driven safety systems, smart electrification, and user-driven design to revolutionize sustainable transportation."

Good luck with that.

https://ir.damon.com/2025-02-18-Damon-Provides-Operational-Business-Update-and-Reports-FY25-Q2-Results