CAKE, a well-known EV startup from Sweden manufactures electric motorcycles well known for its eye-catching designs, is reportedly preparing...
CAKE, a well-known EV startup from Sweden manufactures electric motorcycles well known for its eye-catching designs, is reportedly preparing to file for bankruptcy.
Swedish media has reported that CAKE’s board is in the process of submitting a bankruptcy application. The news broke out after the venture failed to raise enough funding to keep operations afloat, however so far there has been no announcement from the company itself.
Read more at: https://moto.ralliheart.com/2024/02/swedish-e-bike-maker-cake-files-for-bankruptcy.html
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