News and stories from the world of Powersports business.
Damon Motors Achieves Major Milestone towards the Production of the HyperSport Premium Electric Motorcycle
Damon Motors Inc. (“Damon” or the “Company”), the disruptor in high-performance two-wheel mobility, is thrilled to announce notable advancements in the commercialization and production preparations of its flagship motorcycle, the Damon HyperSport. In a strategic move to bolster the Company’s production capabilities, Damon has partnered with Swiss die casting company, Aluwag AG, to produce the motorcycle’s innovative die-cast aluminum battery case. Furthermore, Damon is collaborating with Taiwan-based manufacturer, Fukuta Elec. & Mach. Co. Ltd, to bring its revolutionary high-speed electric motor-gearbox into production.
“We’re blown away by our HyperDrive battery and powertrain performance,” says Damon’s CTO Derek Dorresteyn. “It’s a game-changer, propelling us closer to production goals.”
Damon is set to revolutionize motorcycling with a growing book of USD$88 million in reservation orders from over 3400 people. It is the only motorcycle company to feature patented transforming rider ergonomics Shift™, and offers a unique high-voltage 200hp powerplant. By developing its patented CoPilot™ AI-enhanced collision warning system, Damon is also providing new levels of safety to the industry. With more than twice the range of a typical combustion sportbike at 200 miles on a single charge and rapid-charging built in, riders can finally have it all.
The collaboration with Aluwag AG marks a pivotal step in motorcycle engineering and design. The Swiss company, known for its expertise in die casting, has received the final tool designs from Damon to produce its large, 20kWh patented assembly battery case that not only acts as a watertight enclosure for the HyperSport’s 500-volt liquid-cooled pack, but also doubles as the motorcycle’s chassis. Damon’s novel approach to integrating its pack with the chassis into a single unit significantly reduces mass, parts count, complexity and cost, setting a new standard for electric motorcycle design.
“We are honored to work with Damon, a company that shares our commitment to innovation and quality,” said René Wagner, CEO of Aluwag AG. “This partnership is a testament to the power of collaboration in advancing the future of electric mobility. Our die casting expertise, combined with Damon’s visionary design, will produce a motorcycle battery case that is not only functional but integral to the HyperSport’s structural integrity.”
In addition to the collaboration with Aluwag AG, Damon is excited to announce its partnership with Fukuta Elec. & Mach. Co. Ltd, a leader in the electric vehicle (“EV”) motor space known for its automated winding equipment, precision stamping, and assembly of motors. Fukuta Elec. & Mach. Co. Ltd has received the final tool designs to produce Damon’s patented high-speed electric motor-gearbox, a compact powerhouse weighing just 30kg, but capable of delivering 500Nm of torque at the output shaft and over 150kW of power. This collaboration underscores Damon’s dedication to integrating cutting-edge technology and manufacturing excellence into its products with Fukuta Elec. & Mach. Co. Ltd, who is ready for scale.
“We are excited about the opportunity to produce Damon’s compact motor-gearbox,” said Gordon Chang, CEO of Fukuta Elec. & Mach. Co. Ltd. “Our collaboration with Damon showcases our capabilities and commitment to innovation in the EV space, pushing the boundaries of what’s possible in motorcycle performance.”
Damon CEO Jay Giraud adds, “Aluwag AG and Fukuta Elec. & Mach. Co. Ltd are vital partners in our mission. Together, we’re reshaping motorcycling’s future, where the performance-to-weight ratio can start to exceed that of combustion motorcycles.”
The Damon HyperSport, set to redefine motorcycles, offers riders unparalleled performance, range, and safety features. These strategic partnerships with Aluwag AG and Fukuta Elec. & Mach. Co. Ltd are crucial steps in Damon’s journey towards bringing safer, sustainable, high-performance motorcycles to riders around the globe.
RumbleOn Announces Rebranding of its Proprietary Cash Offer Program and Extends its Use into RideNow Powersports Dealerships
RumbleOn (NASDAQ: RMBL), today announced a branding change for the company’s unique and proprietary cash offer program for acquiring pre-owned motorcycles, now known as the RideNow Cash Offer. The use of the cash offer system will be expanded into the company’s 54 powersports dealers, which RumbleOn refers to as its RideNow Powersports dealers.
“We are moving forward, singularly focused on the RideNow brand for our powersports business,” said RumbleOn CEO Mike Kennedy. “This means consumers can easily understand that they are working with a high quality, trusted partner when they enter any one of our 54 RideNow dealerships.”
![RideNow Powersports Logo [600]](https://motorsportsnewswire.com/wp-content/uploads/2024/03/RideNow-Powersports-Logo-600.png){kind=logo}
RideNow Powersports dealerships primarily serve markets in the Sun Belt states and offer over 50 OEM brands. Parent company, RumbleOn, initially acquired two large dealership groups, after which it made smaller acquisitions, ultimately becoming the largest powersports retailer in the United States.
While still operating as independent businesses, each dealership will be part of RideNow Powersports.
RumbleOn is a leader in pre-owned motorcycle sales, largely with the assistance of a proprietary online tool, now known as the RideNow Cash Offer, allowing consumers to quickly and easily receive an offer, then sell their motorcycle into the RideNow Powersports network of dealers.
“When we incorporate the RideNow Cash Offer into our RideNow dealerships, we’re raising the standard for convenience and customer service in the powersports industry,” said Cam Tkach, RideNow’s National Director of Preowned. “The trusted cash offer process remains the same, whether online or in-store. We’re now engaging every one of our locations to make it the best possible experience for our customers.”
The rebranding of materials will begin immediately and continue until the process is completed with the company’s physical and online presence. Dealerships will continue to have individual names but will be part of the RideNow Powersports brand.
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