Damon Motorcycles to Benefit from California’s New Emissions Laws
November 20, 2024
IPO: Nov 18, 24
Industry:
COMPUTER PROGRAMMING SERVICES
San Rafael, CA – Electric motorcycle manufacturer Damon Inc. (Nasdaq: DMN) is expected to benefit from California’s new Zero-Emission Motorcycle (ZEM) mandates. Similar to the successful Zero Emission Vehicle (ZEV) program for cars, ZEM allows electric motorcycle manufacturers to generate and sell emission credits.
Damon, known for its high-tech motorcycles with up to 200 miles of range, already exceeds emission standards and can acquire ZEM credits with minimal additional cost. This opens up a new, highly profitable revenue stream for the company.
“The ZEM mandates are a win for everyone – consumers, manufacturers, and the planet,” says Jay Giraud, CEO of Damon. California is thus promoting electric mobility and making sustainability profitable.
By selling emission credits to manufacturers who fail to meet the standards, Damon can accelerate its growth and consolidate its position as a pioneer in the industry. The company is confident that the ZEM mandates will encourage the adoption of electric motorcycles and contribute to a cleaner future.
Damon Motorcycles Roars onto Nasdaq with $100 Million in Reservations
November 18, 2024
IPO: Nov 18, 24
Industry:
COMPUTER PROGRAMMING SERVICES
San Rafael, CA – Electric motorcycle manufacturer Damon Inc. (Nasdaq: DMN) has made its Nasdaq debut with over $100 million in reservations for its HyperSport and HyperFighter models. This marks a significant milestone for the company, positioning it alongside renowned competitors such as Harley-Davidson’s LiveWire (NYSE: LVWR) as a key player in the rapidly growing electric motorcycle market.
Damon aims to redefine the premium motorcycle segment by challenging traditional internal combustion engine (ICE) models with superior performance and technology. Unlike previous EV motorcycles, Damon’s offerings boast impressive speed, range, and cutting-edge features that appeal to serious riders.
Interestingly, a significant portion of Damon’s reservations come from non-motorcycle owners and those new to riding, indicating a shift in consumer preferences towards safer, smarter, and cleaner alternatives.
Damon’s innovative technology, including the AI-powered CoPilot safety system and Shift adjustable ergonomics, sets it apart from the competition. The company’s focus on high performance, advanced technology, and a seamless riding experience is attracting a new generation of riders.
With the motorcycle market projected to reach $225 billion by 2032, and the EV segment growing even faster, Damon is well-positioned to capitalize on this trend. The Nasdaq listing will further fuel Damon’s mission to revolutionize the motorcycle industry and pave the way for a sustainable future of riding.