Damon Motors Reaches $ 35 Million In Pre-Orders, Expands Management Team To Meet Global Demand For HyperSport Motorcycles
Company Adds Broc TenHouten (CSO and Board Member), Chris Efstathiou (VP, Supply Chain) and Mike Galbraith (CFO and Senior VP, Operations)
VANCOUVER, BC – September 8, 2021 – Damon Motors announced today that the company has reached a new milestone of $ 35 million in pre-orders for its flagship HyperSport, the world’s smartest, safest all-electric motorcycle. The company also announced the expansion of its leadership team with Broc TenHouten as Chief Strategy Officer and Board Member, Chris Efstathiou as Vice President of Supply Chain and Mike Galbraith as as Chief Financial Officer and Senior Vice President of Operations. The nominations come as the company enters its next phase of global growth with ramp-up production and the upcoming delivery of the critically-acclaimed superbike.
âOur goal is ambitious: we are committed to building a crash-free future,â said Jay Giraud, Founder and CEO of Damon Motors. âThe $ 35 million in pre-orders confirms that HyperSport offers the security cyclists are looking for today in two-wheeled transportation. To meet this demand, we have reinforced our experienced world-class team with Broc, Chris and Mike to continue to grow the business and deliver the first HyperSports to the road.
Broc TenHouten, Chief Strategy Officer and Member of the Board of Directors
Broc TenHouten is an experienced technical leader with a background in general management in the commercialization of new technology vehicles. Broc was COO and Chief Engineer of Divergent 3D, developer of the 3D printed 21C hybrid hypercar. Previously, he also led engineering and technology development at Wrightspeed, EnerSys Advanced Systems and Coda. Broc started his career with General Motors, where he held various positions in the areas of safety, validation and chassis design. In his role at Damon, Broc leads the company’s strategy and development efforts to provide the safest and cleanest motorcycles on the road.
âDamon is poised to transform the motorcycle industry by creating the safest and most technologically advanced motorcycle company,â said Broc TenHouten, Chief Strategy Officer, Damon Motors. “I am delighted to be part of the team that is changing the way the world views motorcycle safety and the place of electrification by simultaneously achieving next-level performance and environmental sustainability.”
Chris Efstathiou, Vice President, Supply Chain
Chris Efstathiou has built, scaled and operated some of the most complex and important supply chains within global technology companies. He started at Dell in 1990, playing a key role in creating the supply chain that transformed the way people bought computers, and continued as head of purchasing and supply chains at Marconi , BlackBerry, Amazon Robotics and Mattel. At Damon, Chris will develop the best global supply chain capabilities for the business. His responsibilities range from realizing the intellectual property of Damon’s battery technology to sourcing parts and components through a global network of ISO9000 and ISO / TS 16949 qualified suppliers.
âAs Damon builds the most advanced motorcycles in the world, it is imperative to bridge the traditional automotive and high-tech supply chains to bring motorcycles to market,â said Chris Efsthathiou, vice president of supply chain, Damon Motors. âI look forward to driving production efficiencies and ultimately reducing costs for our passengers. “
Mike Galbraith, Chief Financial Officer, Senior Vice President, Operations
Mike Galbraith is a proven financial and operating executive with over two decades of experience. Previously, he served as CFO at North and raised $ 200 million from leading institutional and strategic investors, making the company an all-day smart glasses leader with a successful exit to Google. Prior to North, Mike held senior vice president, finance and operations roles at BlackBerry, growing from a few hundred employees to a global leader with $ 20 billion in revenue. As Chief Financial Officer and Senior Vice President of Operations at Damon, Mike will implement the business, financial and operational processes to manage the business throughout its growth and maturity phase.
âSince the launch of HyperSport, Damon has been riding a wave of momentum and poised to be the next big Canadian company,â said Mike Galbraith, CFO and Senior Vice President, Operations, Damon Motors. âI look forward to unlocking new markets and new revenues, and aggressively growing the Damon business into a global mobility powerhouse. “
To see the Damon HyperSport in action, watch this video.
For more information on Damon Motors, visit www.damon.com.
About Damon Motors Inc.
Damon unlocks the full potential of personal mobility for commuters around the world. With its exclusive HyperDrive â¢ electric powertrain, the company has developed the world’s safest, smartest and fully connected electric motorcycles using sensor fusion, robotics and AI. Designed as a platform for expanding the global lineup, Damon motorcycles will ship direct to customers on subscription plans to drive to scale. Based in Vancouver, Canada, Damon is founded by serial entrepreneurs Jay Giraud and Dom Kwong. Learn more at damon.com and follow us on Instagram @damonmotorcycles.