Cake secured $14M from Creandum and

Sweden United States Investments 12 September 2019
Share on FacebookShare on Twitter

Cake, a Stockholm, Sweden-based manufacturer of electric off-road motorbikes, announced that it completed a $14M capital investment round.

The funding round was led by Creandum and backed by new and existing investors, including

Cake, founded in 2016 and led by CEO Stefan Ytterborn, is a manufacturer of lightweight electric off-road performance motorcycles. Its first model, the Kalk, debuted at Denver’s OR and Munich’s ISPO shows in January 2018.

Today, Cake manufactures and sells Kalk OR and Kalk& and the company, Cake 0 Emission AB, registered in the 2018 official books sales of about SEK 13M ($1.4M).