Core Insights - Damon Inc. has achieved approximately 70% completion of its HyperSport Race (HSR) prototype, marking a significant milestone in the development of its AI-enabled connected vehicle platform, Damon I/O [1][8] - The company recently announced a $30 million Reg A+ offering to support its personal mobility products and AI strategy [1] Production Progress - The HSR program has transitioned from the Engineering Concept Validation phase to the physical build stage, with major prototype components such as chassis castings and suspension systems on track for completion by the end of 2025 [3][6] - Manufacturing of casting and machined components has reached approximately 70% completion, aligning with internal delivery forecasts [6] Supply Chain and Manufacturing - Sourcing of commercial components, including braking systems and electrical subsystems, is progressing well, with supplier forecasts meeting expectations [7] - The company emphasizes maintaining timeline integrity and has established close coordination between engineering and supply chain teams to support production schedules [7] Technology and Market Position - The HSR program serves as the flagship application for the Damon I/O platform, which is designed to be scalable and available for adoption by OEM partners [8][10] - Damon Inc. aims to capture a significant share of the $200 billion global two-wheeler market by 2032, leveraging its integrated ecosystem approach and advanced data analytics [10]