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AUTOMOTIVE & TRANSPORTATION | Other Transportation
ridemission.com

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Founded Year

2007

Stage

Asset Sale | AssetsPurchased

Total Raised

$15.12M

About Mission Motors

Mission Motors, formerly Hum Cycles, is an electric vehicle company developing EV powertrain technology. The company offers energy storage, drive systems, software intelligence and system integration to vehicle manufacturers, tier one suppliers and fleet managers. Mission Motors focuses on developing electric drive systems that are powerful, efficient, and intelligent. The company earned its reputation through the development of the Mission R, a 160 mph all-electric racebike which recently won the TTXGP / FIM e-Power race at the U.S. Grand Prix.

Mission Motors Headquarter Location

1177 Harrison St

San Francisco, California, 94103,

United States

Latest Mission Motors News

Damon Motorcycles raises additional $3 million, acquires Mission Motors’ portfolio

Apr 8, 2020

Damon Motorcycles raises additional $3 million, acquires Mission Motors’ portfolio Vancouver-based Damon Motorcycles , a developer of safety innovations for motorcycles using sensor fusion, robotics, and artificial intelligence, has secured $3 million in additional financing. Damon also acquired the IP portfolio of Mission Motors, developer of high-density EV powertrains. The funding was raised by a group of undisclosed angel investors and will be used to develop the company’s Hypersport motorcycles and speed up getting them to market. The new funding comes nearly a year after Damon raised its $2.5 million seed round from Round 13 Capital, Techstars, Extreme Venture Partners, and Pallasite Ventures. The startup has also acquired the intellectual property (IP) portfolio of San Francisco company Mission Motors, which develops high-density electric vehicle powertrains and ceased operations in 2015. The IP includes Mission Motors’ PM200 electric motor, Mission Inverter, and Skyline Telematics, which will be used in the development of Damon’s full-stack electric vehicle and cloud computing platform. “The purchase of the Mission Motors IP will add to Damon’s capability to build the highest performance drive trains in motorcycling,” said Derek Dorresteyn, COO of Damon. “Mission Motors was a technical leader and we are happy that some of that competitive DNA has passed into the Damon Hypersport. We intend to improve upon it considerably to take motorcycling into an entirely new level of performance.” Damon aims to make motorcycles safer by using low-cost connectivity networks, sensors, and mobile computing. The company said with the new funds, it will be able to address the critical safety needs of motorcycle customers and manufacturers.

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Expert Collections containing Mission Motors

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Mission Motors is included in 1 Expert Collection, including Auto Tech.

A

Auto Tech

1,918 items

Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.

Mission Motors Patents

Mission Motors has filed 9 patents.

patents chart

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3/6/2013

6/23/2015

Printed circuit board manufacturing, Computer hardware cooling, Electrical engineering, Electronics manufacturing, Electronic design

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3/6/2013

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6/23/2015

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Printed circuit board manufacturing, Computer hardware cooling, Electrical engineering, Electronics manufacturing, Electronic design

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Status

Grant

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