Reports suggest the downfall of electric bike maker Damon Motorcycles may be beginning to take shape, with tech website BetaKit reporting that a mass resignation of senior stakeholders has taken place.
According to BetaKit, a press release published on February 27 confirmed that the company’s board of directors, which included the brand’s CEO, Dominic Kwong, and CFO, Dino Mariutti, had resigned. Mariutti had only been confirmed as the Vancouver-based company’s CFO on February 9, 2026.
Shortly before that announcement, Damon said that Karan Sodhi had also resigned from the board. That statement added that Sodhi’s departure was “not related to any disagreement with the Company.”
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BetaKit also reports that Damon’s website now lists only Kwong and the company’s chairman, Shashi Tripathi, as members of the board of directors, although the page does not appear to have been updated since the most recent round of resignations.
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What the future now holds for Damon, and its much talked about, but still unseen, HyperSport electric motorcycle, remains unclear. When the brand launched, it made a series of ambitious claims, including a 200mph top speed, a 200-mile range and around 200bhp of potential output. It also touted recharge times that would have made it a class leader in the two-wheeled EV segment.
Despite those claims, and further statements suggesting that its HyperSport Race prototype was 70 per cent complete, no customer bikes have yet been delivered to the people who placed deposits. According to BetaKit, around 3,000 customers are still waiting for their Damon to arrive after placing a deposit.
For those customers, the wait does not look like it will be ending any time soon.
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