Damon Motors, Indika Team Up to Develop EV Business

By Editorial Team 16/01/2023
electric motorcycle
Summary

Canadian electric motorcycle startup Damon Motors Inc reveals its partnership with PT Indika Energy Tbk (INDY). Indika has also become Damon's investor, will distribute Damon's products, and develop new electric two-wheeler platforms in Indonesia. "Our vision for an electrified roadway mirrors Damon's. Through our subsidiary, PT IIectra Motor Group [IMG], we are committed to developing EV motorcycles and their supporting ecosystem in Indonesia. We believe this partnership will open up more opportunities for collaboration to accelerate our go-to-market strategy and meet the country's net-zero goal. This also aligns with Indika Energy's commitment to achieving net zero by 2050," Indika Energy CEO Azis Armand revealed, as quoted by RideApart.

Damon co-founder and CEO Jay Giraud also see the lucrative deal personally. "My journey with Damon started in Indonesia, so this partnership with Indika Energy brings me a full circle, opening the door to one day transforming the industry at a global level. Indonesia has set a goal to reach net-zero emissions by 2060. Damon is equally committed to Indika Energy to achieve this goal together," he elaborated.

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