VANCOUVER, BC, Sept. 30, 2025 /PRNewswire/ - Damon Inc. (DMNIF) ("Damon" or the "Company"), a designer and developer of electric motorcycles and other personal mobility products that seek to empower the personal mobility sector through innovation, announced today an operational business update and overview of its financial results for the year ended June 30, 2025.This update follows Damon's recent announcement of a $30 million Reg A+ offering to advance its personal mobility products and AI-enabled connected vehicle strategy, which is taking place at https://invest.damon.com.
Fiscal Year 2025 Accomplishments and Recent Highlights
Damon has made substantial progress across its strategic initiatives, strengthening its technology platform and advancing its product development to create new revenue opportunities.
Launched Damon I/O™ Platform: In June 2025, Damon officially launched Damon I/O, a white-label, AI-enabled rider intelligence and connected services platform. This platform is designed for personal mobility OEMs and fleet operators, offering capabilities like real-time diagnostics, over-the-air updates and predictive maintenance to create recurring software revenue opportunities.
Advanced HyperSport Race Development: Damon achieved key milestones in its HyperSport Race program, developed with Italian engineering firm Engines Engineering. Damon completed key engineering phases in the program and, in September 2025, finalized the full-scale clay master model, moving the motorcycle from a digital concept to a physical form ready for prototype development.
Evolved to Asset-Light Business Model: Damon redefined its mission to focus on an asset-light strategy and four core revenue verticals: Data Intelligence, Personal Mobility, Licensing and Engineering Services, and Special Projects. In line with this strategy, Damon is positioning itself as a technology provider, with a focus on licensing its hardware and software stack to other OEMs and commercial fleets.
Announced $30 Million Reg A+ Offering: In September 2025, Damon announced a Regulation A+ equity offering of up to $30 million to advance its personal mobility products and AI-enabled connected vehicle strategy.
Strengthened Leadership and Governance: Co-founder Dominique Kwong was appointed CEO, and Shashi Tripathi was named Chairman of the Board to drive operational excellence and execute Damon's asset-light partnership model.
Began Trading on OTC: Damon's shares commenced trading on the OTC market under the symbol "DMNIF" in May 2025.
Commentary from Dominique Kwong, CEO of Damon
"Fiscal year 2025 marked a pivotal transformation for Damon. Our strategy has evolved from being an electric motorcycle company to becoming a technology leader building a platform to redefine the personal mobility industry. Our commitment is no longer just to produce great vehicles; it is to enhance the digital experience for every rider through our Damon I/O platform. We believe this software-first, asset-light approach allows us to scale globally without the capital constraints of traditional manufacturing.
The launch of our Damon I/O platform is the cornerstone of our new strategy, aimed at turning any personal mobility brand into a data-driven company and creating monetizable value from contextual information. Our HyperSport Race motorcycle will serve as a showcase for this technology, and completing its clay model was a crucial step in demonstrating the seamless ...
