Cdn. EV manufacturer announces liquidation sale
July 30, 2025
by CM Staff
In a statement, Danbury Global said that Daymak faced "mounting financial challenges and was ultimately placed into receivership on May 23, 2025."
Company logo and some of the items for Auction (CNW Group/Danbury Global)
TORONTO — Danbury Global Ltd. & A.D. Hennick & Associates Inc. announce an upcoming public auction of the remaining assets of Daymak Inc., the Canadian-based electric vehicle manufacturer known for its line of eBikes, scooters, ATVs, and personal mobility scooters.
Founded in 2002 and headquartered in Toronto, Daymak reportedly has a product lineup that ranges from electric ATVs to mobility scooters and eBikes.
Daymak’s products were previously sold through a network of dealers across Canada and internationally.
In a statement, Danbury Global said that Daymak faced “mounting financial challenges and was ultimately placed into receivership on May 23, 2025.” Danbury Global and A.D. Hennick & Associates have since been reportedly appointed to conduct a public auction of company’s EV inventory and parts.
“This auction marks the end of an era for one of Canada’s most creative e-mobility companies,” said Alex Hennick President of A.D. Hennick & Associates Inc.
“With over 350 eBikes, plus scooters, ATVs, and thousands of EV parts available, this auction presents a rare opportunity to acquire inventory at substantial savings — New-in-box eBikes valued over $2,000 are starting at just $50 — all selling with no minimums or reserves,” said Jonathan Ordon, CEO of Danbury Global.
