Damon Motors Strikes Indonesian Distribution Deal With Indika Power

Electrical motorbike startup Damon Motors isn’t bashful with regards to forging new partnerships. Up to now seven months, the Canada-based model collaborated with Sinbon on integrative design options and developed its cloud-connected consumer interface (UI) alongside messaging platform EMQX. Damon’s newest cope with Indonesia’s Indika Power opens much more doorways for the startup.

As part of the settlement, the Indonesian conglomerate invested an undisclosed quantity in Damon. In flip, the corporate will distribute future Damon bikes inside the Indonesian market. For these unfamiliar with Indika Power, the energy-producing big focuses on coal mining however began its first electrical mobility model, Ilectra Motor Group (IMG), as a three way partnership with Alpha JWC Ventures and Horizons Ventures in Could, 2022.

“Indonesia has an important alternative to remodel the using expertise for hundreds of thousands of individuals depending on two wheels,” proclaimed Indika Power CEO Azis Armand. “Our imaginative and prescient for an electrified roadway mirrors Damon’s. Via our subsidiary, PT IIectra Motor Group (IMG), we’re dedicated to creating EV bikes and its supporting ecosystem in Indonesia. We consider this partnership will open extra alternatives for collaboration to speed up our go-to-market technique and meet the nation’s net-zero objective. This additionally aligns with Indika Power’s dedication to attain internet zero by 2050.”

Indonesia has much more bold objectives in thoughts between now and 2050. By 2025, Indonesia President Joko Widodo desires so as to add 2 million electrical motorbikes on the street. Officers hope that the initiative helps them attain a 29-percent lower in annual emissions by 2030. Moreover, Damon and Indika will develop new electrical two-wheeler platforms to satisfy the wants of Indonesian prospects. Whereas Indonesia presents a profitable enterprise alternative, it additionally holds private significance for Damon Co-Founder and CEO Jay Giraud.

“My journey with Damon began in Indonesia, so this partnership with Indika Power brings me full circle, opening the door to in the future remodeling the trade at a world stage,” revealed Giraud. “Indonesia has set a objective to achieve net-zero emissions by 2060. Damon is equally dedicated with Indika Power to attain this objective collectively.”

The information arrives as Damon approaches $100M in pre-orders. We’ve but to see a Damon mannequin hit the street, however we’re hopeful this new improvement motivates the startup to lastly roll out its lineup within the close to future.