What is Cake?
CAKE is a Swedish electric bike company founded in 2016, headquartered in Stockholm. Born from a passion for gravity sports, the company is dedicated to developing high-quality, sustainable performance products. CAKE aims to blend the thrill of off-road adventure with the practicality of electric mobility, targeting a niche market that values both performance and environmental consciousness. Their product line is designed to cater to enthusiasts seeking robust and eco-friendly electric vehicles.
How much funding has Cake raised?
Cake has raised a total of $74M across 3 funding rounds:
Unspecified
$14M
Other Financing Round
$46M
Debt
$14M
Unspecified (2019): $14M with participation from e.ventures and Creandum
Other Financing Round (2021): $46M led by Creandum, Amf, and Headline
Debt (2021): $14M, investors not publicly disclosed
Key Investors in Cake
Creandum
Creandum is a prominent European venture capital firm known for backing successful technology companies. Their investment in Cake suggests a focus on innovative mobility solutions and sustainable ventures.
Amf
AMF, a Swedish entity providing insurance benefits for pensions and retirement funds, participated in Cake's funding. This indicates a potential interest in long-term, stable growth companies within the Swedish market.
e.ventures
e.ventures is a venture capital firm specializing in web and mobile application solutions. Their involvement with Cake points to an interest in the technological and digital aspects of the electric mobility sector.
What's next for Cake?
With a recent major strategic investment, Cake is poised for accelerated growth and market penetration. The company's focus on sustainable performance products in the burgeoning electric bike industry suggests a strategic expansion into new territories and product development. Future capital injections will likely support scaling manufacturing capabilities, enhancing research and development for next-generation electric bikes, and strengthening its global distribution network. This enterprise-level funding signals confidence in Cake's business model and its potential to capture a significant share of the premium electric motorcycle market.
See full Cake company page
