CORRECTING and REPLACING SOL Global Announces First Green Tech Investment in Award-Winning Electric Motorcycle Company Damon Motorcycles

TORONTO–(BUSINESS WIRE)–Please replace the release with the following corrected version due to the addition of a photo and multiple revisions in the text.

SOL GLOBAL ANNOUNCES FIRST GREEN TECH INVESTMENT IN AWARD-WINNING ELECTRIC MOTORCYCLE COMPANY DAMON MOTORCYCLES

SOL Global Investments Corp. (“SOL Global” or the “Company”) (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) today announces that it has completed an investment in Vancouver, Canada-based Damon Motorcycles (“Damon”), an award-winning electric motorcycle company whose bikes are powered by the world’s first all-electric multi-variant powertrain.

As announced by Damon in a news release dated March 10, 2021, Damon recently raised USD$30 million after completing a bridge financing round led by SOL Global, Benevolent Capital Partners, LLC, Zirmania Investments Limited, and other investors. SOL Global invested CAD$6.1 million into Damon.

Damon is unleashing the full potential of personal mobility for the world’s commuters. With its HyperDrive™ proprietary electric powertrain, the company has developed the world’s safest, smartest, fully connected electric motorcycles employing sensor fusion, robotics and artificial intelligence. All of Damon’s motorcycles come equipped with a variety of unique safety and rider comfort features, including CoPilot, a 360° advanced warning system utilizing a combination of cameras, radar, and non-visual sensors to inform the rider of impending obstacles, and Shift, which enables a rider to adjust handlebar and peg positions while their ride is underway. Damon’s HyperDrive motorcycles pack 200 horsepower and 200 Newton metres (148 pounds per foot) of torque, allowing the bikes to reach speeds of up to 200 miles per hour.

“We have unveiled the future of two-wheel transportation and yielded high demand in North America and Europe, validating the market need for high-performance electric motorcycles,” said Jay Giraud, founder & CEO at Damon Motors. “On the back of this demand, Damon will produce an entire line of medium- and high-performance motorcycles over the next few years, with HyperDrive serving as the core of each model.”

Damon’s motorcycles can be purchased on a subscription model, with the SX model coming in at $286 per month and the SE model costing $199 per month. A subscription service for the motorcycles is provided by FreedomRoad Financial and will run across all Damon models. Customers can choose from 24, 36, and 48-month subscription plans, providing customers with the freedom to exchange their HyperSport bike for updated models at the end of the subscription term.

Based in Vancouver, Canada, Damon was founded by serial entrepreneurs Jay Giraud and Dom Kwong. Damon’s investors include Round13 Capital, Techstars, Fontinalis Partners, Extreme Venture Partners, and Pallasite Ventures. For more information on Damon, please visit the company’s website at www.damon.com.