Cake secured $14M from Creandum and e.ventures.

Sweden 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 e.ventures.

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).