December 9, 2021

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Damon Motors Hits $35M in Preorders and Expands Government Workforce to Guidance World wide Demand for HyperSport Motorcycle | Organization

VANCOUVER, British Columbia–(Business enterprise WIRE)–Sep 8, 2021–

Damon Motors nowadays declared the corporation strike a new $35M milestone in preorders for its flagship HyperSport, the world’s smartest, safest, entirely electric motorbike. The firm also introduced the expansion of its management group with Broc TenHouten as chief approach officer and board member, Chris Efstathiou as VP, supply chain, and Mike Galbraith as main fiscal officer and senior VP, operations. The appointments arrive as the company moves into its future phase of world growth with ramped-up creation and approaching shipping of the critically acclaimed superbike.

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Damon Motors Hits 35 million in pre orders and provides new management group customers (still left to suitable) Chris Efstathiou as VP of supply chain, Mike Galbraith as main fiscal officer and senior VP of functions and Broc TenHouten as main strategy officer and board member. (Picture: Business enterprise Wire)

“Our objective is an bold 1: we are dedicated to constructing a crashless upcoming,” explained Jay Giraud, founder & CEO, Damon Motors. “The $35 million in preorders validates that the HyperSport is providing protection that riders want in two-wheel transportation these days. To meet up with this demand, we have bolstered our expert entire world-course staff with Broc, Chris and Mike to keep on to grow the enterprise and provide the very first HyperSports to the street.”

Broc TenHouten, Chief Method Officer and Board Member

Broc TenHouten is an professional specialized chief with a normal management track record in the commercialization of new know-how automobiles. Broc was COO and chief engineer of Divergent 3D, developer of the 3D-printed 21C hybrid hypercar. Previously, he also led engineering and engineering enhancement at Wrightspeed, EnerSys Innovative Methods, and Coda. Broc began his career at Normal Motors, wherever he held numerous positions in security, validation, and chassis design and style. In his job at Damon, Broc is main the system and company development attempts to supply the safest and cleanest motorcycles on the highway.

“Damon is established to completely transform the motorcycle marketplace by creating the safest and most technologically advanced motorbike company,” said Broc TenHouten, main system officer, Damon Motors. “I’m excited to be aspect of the workforce that is altering the way the world views motorcycle protection and the put of electrification in simultaneously attaining following-stage functionality and environmental sustainability.”

Chris Efstathiou, VP, Provide Chain

Chris Efstathiou has crafted, scaled, and operated some of the most intricate and main offer chains at international technological know-how firms. He begun at Dell in 1990, taking part in a crucial purpose in the creation of the source chain that reworked how people acquired desktops, and continued on as the head of Procurement and Source Chains at Marconi, BlackBerry, Amazon Robotics, and Mattel. At Damon, Chris will build international most effective-in-class source chain abilities for the organization. His duties array from recognizing Damon’s battery technology IP to sourcing the provide of areas and parts by a world network of ISO9000 and ISO/TS 16949 experienced suppliers.

“As Damon builds the world’s most sophisticated bikes, it is very important to bridge traditional automotive and higher-tech offer chains to convey the motorcycles to market place,” said Chris Efsthathiou, VP, source chain, Damon Motors. “I glimpse ahead to creating output efficiencies and in the end reducing charge to our riders.”

Mike Galbraith, Chief Fiscal Officer, Senior VP, Functions

Mike Galbraith is a verified finance and operations executive with a lot more than two decades of encounter. He earlier served as CFO at North and lifted $200M from leading-tier institutional and strategic investors, developing the corporation to a chief in all-day clever eyeglasses with a productive exit to Google. Prior to North, Mike held SVP, finance and operations roles at BlackBerry, scaling from a couple hundred staff to a $20B earnings world-wide leader. As CFO and senior VP, operations at Damon, Mike will employ the small business, financial & functioning procedures to manage the firm as a result of its progress section and maturity.

“Since its launch of the HyperSport, Damon has been riding a wave of momentum, and is setting up toward getting to be the subsequent wonderful Canadian corporation,” claimed Mike Galbraith, CFO & senior VP, functions, Damon Motors. “I am eager to unlock new markets and income, and aggressively scale the Damon business enterprise into a world wide mobility powerhouse.”

To see the Damon HyperSport in action, check out this movie.

For far more data on Damon Motors, take a look at www.damon.com.

About Damon Motors Inc.

Damon is unleashing the whole opportunity of particular mobility for the world’s commuters. With its HyperDrive™ proprietary electric powered powertrain, the business has designed the world’s most secure, smartest, entirely connected electrical motorcycles utilizing sensor fusion, robotics and AI. Developed as a platform for around the world line extension, Damon motorcycles will ship direct to customers on subscription plans to drive scale. Centered in Vancouver, Canada, Damon is started by serial entrepreneurs Jay Giraud and Dom Kwong. Find out extra at damon.com and abide by us on Instagram @damonmotorcycles.

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PUB: 09/08/2021 08:00 AM/DISC: 09/08/2021 08:02 AM

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