CAKE and FCA Bank sign pan-European financial partnership
CAKE, the Swedish maker of premium, lightweight, electric motorcycles enters a financial partnership agreement with FCA Bank. The bank with almost a hundred years of experience in car financing, leasing and mobility, will offer financial solutions to CAKE customers on all their two wheel platforms.
“We are delighted to have been chosen as CAKE’s financial partner in Europe. This partnership stems from the strategic vision shared by FCA Bank and CAKE, which is oriented towards the promotion of a new, cutting-edge and sustainable mobility paradigm” said Giacomo Carelli, CEO of FCA Bank. “For the Bank it is also a further step ahead in its growth process, as it broadens and strengthens its presence in the world of two-wheelers”.
“Financing is a key tool for CAKE to be able to make our vehicles accessible to our customers. CAKE’s approach is to pursue high-quality and longer product life cycles, we need a partner that both understands and supports that. FCA Bank is pivoting into micro-mobility and electric vehicles and is exactly the kind of partner we need to help us with both scale, innovation and credibility for our B2C and B2B customers in Europe” says Stefan Ytterborn, CEO and founder of CAKE
The agreement, already active in France and the UK, is being extended to all European countries where the two companies are operational, starting with Italy, Germany and Spain.
About FCA Bank
FCA Bank is a bank engaging mainly in car and mobility financing. FCA Bank S.p.A. provides financial products to support the sales of prestigious car brands in Italy and in Europe. Loan, lease and rental and mobility financing products provided by FCA Bank are specifically designed for the sale networks, for private customers and corporate fleets. FCA Bank has a presence in 17 European countries and in Morocco, directly or through branches. At June 30, 2022 FCA Bank had a loan and lease portfolio of approximately €25.8 billion.
For more information: www.fcabankgroup.com
CAKE is a Swedish maker of premium lightweight, electric motorcycles, and mopeds, with a clear mission to inspire towards a zero-emission society, by combining excitement and responsibility. The model range currently consists of four different platforms – the versatile off-roader the Kalk, the modular utility bike Ösa, the urban commuter Makka, and the strong and practical e-bike Åik. Thanks to an extensive range of accessories and configurations, CAKE is addressing a wide matrix of users and applications, including commercial use for last-mile delivery and other short-haul urban transportation. Along with numerous awards and recognitions for its design and innovative approach to mobility and other societal challenges, CAKE was identified as one of the world’s most innovative companies by Fast Company in both 2020 and 2021 and received the Time Magazine 100 most important inventions award in 2021.
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Learn more about CAKE at ridecake.com.