Damon Inc. (OTC: DMNIF) is an electric motorcycle development company that is designing and engineering high-performance, zero-emission motorcycles and personal mobility products through its wholly-owned subsidiary, Damon Motors Inc. The company has not yet generated revenue from motorcycle sales, as no products have reached commercial production as of the 10-K filed September 30, 2025. Damon Motors, founded in 2017 and headquartered in Burnaby, British Columbia, Canada, intends to sell direct to consumers via online channels and company-operated experience centers, with planned future revenue streams from software-as-a-service, licensing, and related services. The company completed a business combination with Grafiti Holding Inc. on November 13, 2024, with Damon Motors treated as the accounting acquirer. More than $75 million has been invested in product development to date. The HyperFighter, the company's second vehicle concept, is scheduled for delivery in 2028, subject to completion of regulatory certification, durability testing, and homologation requirements.

Revenue model

No motorcycle revenue has been generated as of the filing date. The company plans to derive revenue primarily from direct-to-consumer electric motorcycle sales, with additional planned streams from software-as-a-service subscriptions, technology licensing, and related services. A legacy SAVES software distribution business, inherited from former parent XTI Aerospace Inc. (formerly Inpixon), generated revenue from reselling product licenses sourced from a single licensor, Systat Software Inc., under an exclusive license arrangement.

Products and services

Damon Motors is developing electric motorcycles incorporating two proprietary technology systems: CoPilot, an AI-enabled rider assistance and collision warning system with over-the-air software updates, and Shift, a mechatronic system that adjusts handlebars and foot pegs to multiple riding positions on the fly. The HyperFighter is the company's second vehicle concept, targeted for delivery in 2028. A HyperLite platform is intended for cost-competitive markets with subscription-based pricing. The company holds a portfolio of 33 national and international patents awarded or filed as of the filing.

Customers and end markets

Target end markets include existing motorcycle enthusiasts seeking high-performance electric alternatives and new riders. Secondary target markets include last-mile and commercial delivery operators. No commercial deliveries have occurred as of the filing date. The company has built an order book through online pre-sales campaigns.

Value-chain role

Damon Motors occupies a vertically integrated developer and planned direct-to-consumer seller role. All cloud backend, vehicle electronic control unit software, and vehicle-cloud connectivity are developed internally. The company plans to own and operate Damon experience centers as physical retail touchpoints. Manufacturing has not commenced as of the filing date.

Geographic exposure

Principal executive offices are located in Burnaby, British Columbia, Canada. The HyperLite platform targets markets in regions outside Canada and the United States, with planned local-language web marketing. US-bound vehicles require FMVSS compliance certification and FCC Title 47 certification for onboard chargers.

Source: SEC 10-K, filed 2025-09-30

Industry: Motorcycles, Bicycles & Parts