There are not too many publicly traded E2W and electric light mobility players. The ones that are have mostly been struggling. We last checked their health eight months back. Now, we check on them again and realize that things have taken a downturn for the worse.
Marko Lehtimaki of Donut Lab designed Verge Motorcycles' most torque and power-heavy motor. Now, he wants to be the go-to for anyone seeking performance, BoM cost reduction, and shortening development periods, all at the same time.
A net income of USD 32.5 million took us by surprise, considering that this is a company that is not yet making any significant revenue, if at all. In the end, the financial statement reveals less and hides more.
The Canadian-Californian company's restructuring seems to be continuing as Derek Dorresteyn, the long-time CTO of the company is gone.
The power vs weight equation is why electric motorcycles are still relative under-performers when it comes to taking on ICE superbikes. Now, Damon suggests that they can do what the elite litre-class supersports promise.
Jay Giraud is gone, and co-founder Dominique Kwong has stepped in as interim CEO. Meanwhile, funding remains elusive for the Hypersport to be produced
Damon Motors (DMN) listed on Nasdaq, an event closely watched by all E2W startups. However, it has been a disappointing ride since debut with the stock under pressure continuously.
This may not be significant for the company. In the short term, there is very little cash that they get access to. However, the listing makes them more attractive to new investors and may eventually get the HyperSport into production.
Are EVs loaded with features that are really smart? Do they create a high-enough barrier to entry? Is there an exclusivity? How long can it stay? What happens after that?
Often what the E2W world calls technology is a smart integration of sensors and rider aids, controlled by software. The ICE world is more mechanical, more metallurgical, more fundamental. What happens when the ICE world figures out software? Can the E2W Technology edge be maintained?
Not everyone gets treated equally, or fairly, and that is a reality. The global equity markets are rewarding the potential future than fundamentals.
Freedom on two-wheels does not translate well beyond a certain motor power and battery capacity thresholds when it comes to electric. (Un)Surprisingly, large electric motorcycles are slower, heavier, and compromised
