Everything is going electric. And now, so are motorcycles.
What’s happening:
- Vancouver based electric motorcycle startup Damon Motorcycles is set to become a publicly listed company on the NASDAQ
- The approximate valuation of Damon Motorcycles is stated to be between $224M USD and $284M USD
Why it matters:
- Electric vehicles are growing at a rapid pace amid the global push to reach net zero emissions
- Motorcycles are the latest vehicle type to electrify, with everything from electric tractors to electric boats starting to gain popularity
By the numbers:
- Damon Motorcycles has publicly stated that they have approximately $85M in pre production orders for their electric motorcycles
- Their flagship sport bikes have 200 horsepower, 200 miles of range on a full charge and a top speed of 200 miles per hour
The intrigue:
- Damon Motorcyles has been building artificial intelligence technology that they aim to use to eliminate fatal accidents through an advanced predictive warning system that can help prevent crashes
