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.