Damon Motorcycles, the startup that in 2019 unveiled a flashy electric motorcycle intended to best its combustion engine-powered competition, has announced that it has gone public and will assemble its first production-intent motorcycles next year.
The company’s announcement today claims that it has gone public on the Nasdaq and touts its US $100M in “deposit backed reservations”. The deposit amounts vary, but for the brand’s flagship US $40,000 Damon HyperFighter Colossus, the US $250 fully-refundable deposit would imply somewhere around 2,500 to 3,000 reservations.
However, those reservations have been rolling in for quite some time and many were likely based on the brand’s earlier announcements and unveilings – several of which trickled out between 2019 and 2022.
But the company’s founder and CEO Jay Giraud says riders should still expect Damon to make good on its promises of a 200 mile, 200 mph, and 200 hp (320 km, 320 km/h, 150 kW) electric motorcycle coming next year.
“Our vision is resonating with a global community that’s ready for a more modern riding experience – what the old guard keeps selling year after year has gotten stale,” explained Giraud. “And reaching $100M in reservations is a pretty good indication that it’s time to think different.”
For years now we’ve heard that Damon’s upcoming electric motorcycles won’t only be powerful sport bikes, but will also be brimming with new technology and advanced features never before seen in motorcycling.
That technology suite includes a feature that Damon first touted in January of 2020 known as CoPilo, an AI-enhanced 360º collision warning system, as well as Shift™, electronically adaptive ergonomics that transform the riding position from sport to commuter on the fly.
While a shapeshifting motorcycle with 360 degree AI-enhanced vision sounded like science fiction when the company was launched in 2019, we’ve since seen affordable commuter e-motos like Ryvid rollout frame-shifting tech that lets owners adjust the bike’s geometry while actively riding, and startups like RiderDome are already providing 360-degree AI-enhance motorcycle sensor systems.
Damon Motorcycles could still reach uncharted territory if the company can produce a 200 mph and 200 hp electric motorcycle with its claimed 200 miles of highway range, but that still sounds like a big “if.”
For now, the most up-to-date goalpost location appears to now be 2025, though the company is only claiming to be preparing “for assembly of a fleet of production intent vehicles in 2025.” It remains to be seen when true production will begin and that supposed US $100M sitting out there can be converted into bikes
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Fueled by incentives from the Illinois EPA and the state’s largest utility company, new EV registrations nearly quadrupled the 12% first-quarter increase in EV registrations nationally – and there are no signs the state is slowing down.
Despite the dramatic slowdown of Tesla’s US deliveries, sales of electric vehicles overall have perked up in recent months, with Illinois’ EV adoption rate well above the Q1 uptick nationally. Crain’s Chicago Business reports that the number of new EVs registered across the state totaled 9,821 January through March, compared with “just” 6,535 EVs registered in the state during the same period in 2024.
At the same time, the state’s largest utility, ComEd, launched a $90 million EV incentive program featuring a new Point of Purchase initiative to deliver instant discounts to qualifying business and public sector customers who make the switch to electric vehicles. That program has driven a surge in Class 3-6 medium duty commercial EVs, which are eligible fro $20-30,000 in utility rebates on top of federal tax credits and other incentives (Class 1-2 EVs are eligible for up to $7,500).
The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.
Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.
XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?
Easy in, easy out
XCMG battery swap crane; via Etrucks New Zealand.
The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.
As “extreme” weather events become more commonplace, the demand for reliable and portable energy continues to rise. In response to that growing demand for dependable off-grid power, Volvo has developed the new PU500 Battery Energy Storage System (BESS) designed to take electrical power when it’s needed most.
Designed to be deployable in a number of environments at a moment’s notice, the Volvo Energy PU500 BESS is equipped with approximately 500 kWh of usable battery capacity (up to 540 kWh total). More than enough juice, in other words, to power a remote construction site, disaster response effort, or even a music festival – anything that needs access to reliable electricity beyond a grid connection.
That’s great, but what sets the PU500 apart from other battery storage solutions is its integrated 240 kW DC fast charger.
“With an integrated CCS2 charger, the PU500 is designed to work with all brands of electric equipment, trucks, and passenger cars,” says Niklas Thulin, Head of BESS Product Offer at Volvo Energy. “This ensures that no matter what type of electric vehicle or machinery you rely on, the PU500 can provide the power you need, making it a truly flexible solution for any grid constrained site or location.”
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The integrated charger in the PU500 has the impressive ability to charge a heavy equipment asset (be that an electric semi truck or something like a wheel loader) in under two hours. Its on-board capacity allows to fully recharge up to 3 electric HD trucks or 20 electric cars per day, making it an incredibly versatile disaster response asset.