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eAdventures

Cake eBike and eMotorcycle Global Brand in Sweden Files for Bankruptcy

February 2, 2024 - According to Swedish media reports the renowned global e-bike and e-motorcycle brand, Cake, has filed for bankruptcy as the company was unable to secure new funding when some key investors pulled out.

A global Swedish brand, Cake e-bikes and e-motorcycles, files for bankruptcy. ©

Cake, founded in 2015 and once valued at €1 billion or more, has been facing difficulties in securing additional funds in the current tough marketplace.

Yet CEO Stefan Ytterborn remains committed to finding a way to save Cake despite the bankruptcy.

Read more here.

Posted in eNews

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