CAKE successfully completes its first external financing round

CAKE successfully completes its first external financing round

”We are pleased to announce that CAKE has successfully completed its first external financing round through a directed share issue. The completion of the intended SEK 20.4M involves a small group of investors with firm and strategic relevancy, going forward. It’s energizing having established a palette of partners in associated fields and relevant geographies including Japan, Hong Kong, Europe and USA. The process towards launching the company’s first product, defining a new category of light, clean and silent electric off- road motorbikes, is now accelerating”. Says: Stefan Ytterborn, Founder & CEO of CAKE.