DAYMAK

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Overview

Daymak is a Canadian distributor and developer of light electric vehicles (LEVs), including e-bikes, e-scooters, mobility scooters, and off-road EVs, headquartered in Toronto. Established in 2001 or 2002, it has sold over 100,000 units through a network of 200-300 dealers, including major retailers like Walmart and Best Buy, and is noted for innovations such as the first fully wireless e-bike and solar-powered models.1234

History

Daymak was founded by Aldo Baiocchi in 2001 or 2002 after he imported electric scooters to fill a market gap in Canada, naming the company after his family. It became the first to bring emission-free LEVs to the Canadian market and benefited from a 2007 e-bike pilot program that boosted the sector. Key milestones include surpassing 100,000 vehicles sold, achieving EBITDA positivity since 2015, and launching the high-end Avvenire line in 2020 with solar-charging micro-mobility vehicles planned through 2025.123

Product Lines

Product LinePositioningPrice Range
Beast ATV (off-road)rugged all-terrain electric vehicle$2,000 - $5,000
Boomerbeast 2 (ATV)powerful off-road e-ATV$2,500 - $6,000
Vermont (e-bike)standard commuter e-bike$1,000 - $2,500
Recumbent FT (recumbent)comfort-focused recumbent trike$1,500 - $3,000
Avvenire Terra (high-end e-bike)long-range solar e-bike$3,500 - $10,000
Avvenire Foras (enclosed e-bike)covered recumbent with camera$5,000 - $15,000

Manufacturing

Daymak operates manufacturing facilities in Toronto, Canada, producing vehicles like the Avvenire line described as made-in-Canada. It develops products in-house, including innovative technologies such as wireless power platforms and solar charging systems.124

Notable Products

  • Beast ATV - All-terrain electric vehicle with solar trickle charging.
  • Avvenire Terra - High-end e-bike with 100 km range and solar charging.
  • Avvenire Foras - Enclosed recumbent e-bike with backup camera.
  • Boomerbeast 2 - Powerful off-road e-ATV.
  • Vermont - Recumbent e-bike model.

Reputation

Daymak is recognized by enthusiasts for its innovative designs like solar-powered and wireless e-bikes, affordable variety, and leadership in Canada's LEV market. Professionals note its strong distribution network and sales volume, but some view it as focused on mid-range products with the Avvenire line marking a shift to higher-end offerings.123

Sources (5)
  1. https://www.pocket-bikes.daymak.com/investors.html
  2. https://electricautonomy.ca/news/2020-12-01/daymak-avvenire-canada-light-evs/
  3. https://forums.electricbikereview.com/threads/daymak-headquarters-and-ebike-universe-tour-with-founder-aldo-baiocchi-in-toronto-canada.3456/
  4. https://www.zoominfo.com/c/daymak-inc/31837183
  5. https://www.frontfundr.com/daymak