Electric motorcycle startup Damon Motors isn’t bashful when it comes to forging new partnerships. In the past seven months, the Canada-based brand collaborated with Sinbon on integrative design solutions and developed its cloud-connected user interface (UI) alongside messaging platform EMQX. Damon’s latest deal with Indonesia’s Indika Energy opens even more doors for the startup.
As a part of the agreement, the Indonesian conglomerate invested an undisclosed amount in Damon. In turn, the company will distribute future Damon motorcycles within the Indonesian market. For those unfamiliar with Indika Energy, the energy-producing giant specializes in coal mining but started its first electric mobility brand, Ilectra Motor Group (IMG), as a joint venture with Alpha JWC Ventures and Horizons Ventures in May, 2022.
