Recently, Blitz Motors (Israel), Damon Motors (Canada) and Energica Motor Company (Italy) published some interesting investor relations news. Here you can find their press releases.
Damon Motors raises $30M and secures $20M in preorders
Source: press release Damon Motors | Damon Motors announced it has raised more than $30M in funding, completing a bridge round led by Benevolent Capital, SOL Global Investments, Zirmania, and others. The financing couples with skyrocketing preorder sales that have now reached $20M for the exhilarating line of HyperSport motorcycles. The capital raised will further fuel Damon’s path to market and enable demo tours, pre-production development and testing, and associated hires. Damon has also expanded its board of directors with the additions of Jaques Clariond and Howard Wu.“We have unveiled the future of two-wheel transportation and yielded high demand in North America and Europe, validating the market need for high-performance electric motorcycles,” said Jay Giraud, founder & CEO at Damon Motors. “On the back of this demand, Damon will produce an entire line of medium- and high-performance motorcycles over the next few years, with HyperDrive serving as the core of each model.”
New Board of Directors Members:
Jaques Clariond – Jaques is a Managing Partner at Baudpont and serves in Senior Advisor roles at Blue Ivy Ventures and Benevolent Capital. Jaques is focused on investing in high-growth consumer companies across the health and wellness, fitness, lifestyle, and consumer packaged goods sectors. He has extensive experience helping companies navigate the financial complexities associated with raising capital and executing upon the strategic vision of the enterprise. Jaques offers a unique blend of expertise across public and private asset classes, portfolio construction, and direct private equity and venture capital deal structuring.
Howard Wu – Howard is the Global Head of Telecom and the General Manager for Quanta Cloud Technology USA. In his career, Howard has managed global business and regions from startups to Fortune 500 companies. As a former startup founder, Howard has a deep understanding of the challenges and skepticism founders must endure and persevere, as well as the challenges facing Global Fortune 500s of today across data and digitization.
Damon’s announcement comes on the heels of the first anniversary of its flagship HyperSport motorcycle launch at CES 2020. The company has ridden a wave of momentum ever since, selling nearly 1000 motorcycles and selling out of its limited edition HyperSport models. The company has won numerous industry awards including 2020 CES “Best in Innovation,” Robb Report’s “Best of The Best of Auto Innovation 2020,” Popular Science “Best of What’s New,” and Red Herring “Top 100 North America.”
The Damon HyperSport sets a new standard in motorcycle safety, awareness and connectivity. It boasts well over 200hp and 200nm of torque delivered at zero rpm, a top speed of 200 mph, a range of more than 200 highway miles per charge. All HyperSports are outfitted with CoPilot™, Damon’s 360° advanced warning system; Shift™, which transforms the riding position between sport and commuter modes with the push of a button; and HyperDrive™, the world’s first 100 percent electric, multi-variant powertrain platform optimized for maximum performance, design and safety.
Damon’s family of HyperSport Motorcycles includes:
HyperSport SE (MSRP $16,995)
HyperSport SX (MSRP $19,995)
HyperSport HS (MSRP $24,995)
and HyperSport Premier (MSRP $39,995)
For more information on Damon Motors, visit www.damon.com
Blitz Motors completes order of 450 electric delivery scooters to Domino’s Pizza Israel, in a NIS 15.6 million deal
Source: press release Blitz Motors | Blitz Motors (Israel), which develops, designs, manufactures and markets smart environmentally friendly electric scooters has announced the completion of a deal to fully electrify Domino’s Pizza’s delivery scooter fleet, which will become the first company in Israel with a 100% electric and green fleet. This deal makes Israel the first country in the world in which Domino’s Pizza operates with a delivery fleet exclusively made up of electric scooters.
The deal, worth a total of NIS 15.6 million, includes the electric scooters and three years of servicing. Blitz will complete the delivery of 130 more scooters to Domino’s Pizza by the end of the first quarter of 2021, in addition to the 320 scooters, which have been purchased in recent years and were delivered by September 30, 2020. With the latest delivery, the switch to an entire fleet of 450 electric scooters will fully transform Domino’s Pizza delivery fleet.
Domino’s Pizza Israel operates 60 branches with 250 employees and possesses one of the largest fleets of scooters in Israel. “As part of a chain operating throughout the country in the heart of the residential neighborhoods of our customers, environmental and ecological values are close to our heart,” said Domino’s Pizza Israel Franchise owner and CEO Yossi Elbaz. “We are proud to be the first delivery company in Israel managing its entire fleet based on silent and environmentally friendly electric scooters. In addition, renewing the scooters and replacing them is a vital step in protecting the safety of our couriers. We thank Blitz Motors for their fruitful cooperation and believe that together we can make a change in the delivery sector.”
“The financial and environmental savings of the move to electric scooters has large significance in the cost of the investment, before even talking about the improved safety characteristics of Blitz Motors’s electric vehicles,” said Blitz Motors founder and CEO Raphael Moszynski. “The deal with Domino’s Pizza is a significant milestone in our development and we believe the proof of the ability that we have demonstrated will open up opportunities to expand our activities abroad.”
As part of the deal, Domino’s Pizza has been provided with the latest BLITZ 3000X electric scooter, which is designed for continual travel without the need of being recharged. This is due to swappable batteries that optimize the range in the electric vehicles. Recharging the battery is carried out by the customers themselves at mobile charging points, which can be placed at every branch, ensuring speedy full charging in less than two hours.
Domino’s Pizza Israel is saving 702 tonnes of CO2 per year, which is equivalent to 29,250 trees per year, by switching its fleet to electric scooters! This deal is a great achievement for continued partnership between Domino’s Pizza and Blitz Motors.
Ideanomics Invests in Italian Energica Motor Company
Source press release Ideanomics | Ideanomics is pleased to announce it has acquired 20% of Italian Energica Motor Company S.p.A. (Energica) for the consideration of $13.2 million. Energica develops high performance 100% battery-powered motorbikes. With this investment in Energica, Ideanomics expands its global footprint in the electric vehicle (EV) industry, and complements Treeletrik’s business in the ASEAN market. This investment marks continued investment in European-based OEM.
“Energica has combined zero emissions EV technology with high-performance engineering synonymous with Italy’s Motor Valley to create a range of exceptional products for the motorcycle market. It also has proprietary EV battery and DC fast-charging systems that have applications and synergies with Ideanomics Mobility. We are very impressed with Livia and her team, and we look forward to supporting them through their next phases of growth,” said Alf Poor, CEO of Ideanomics.
Energica RS Line Up
The rapid increase of EV sales that began in 2019 has continued to gain momentum over the past year. The global high performance electric motorcycle market is growing at a CAGR of over 35% from 2019-2024. With its state-of-the-art battery technology development, Energica was chosen by Dorna as a single manufacturer for the FIM Enel MotoE™ World Cup. With this partnership, Energica has been able to test new battery solutions and innovations in extreme conditions with the best riders in the world to advance its high-performance battery technology.
“We are proud to be part of this unified global platform”, says Livia Cevolini, CEO of Energica Motor Company S.p.A. “Ideanomics’ network of innovative companies will help accelerate the growth and adoption of new EV technologies such Energica.. We look forward to leveraging Ideanomics to capture market share in the rapidly growing global electric motorcycle market”.