Swedish firm CAKE lands funds for electric bike production
Swedish start-up CAKE is getting closer to modafinil online its production of the electric off-roader with the announcement that the firm has completed its first round of external financing with a total of over 2 million Euros (20.4 million Swedish Krona). The bike is said to be developed purely for off-road use and comes from the founder of bicycle helmet firm POC. The bike is lighter than most motorcycles and is purely for recreational use.
“We are pleased to announce that CAKE has successfully completed its first external financing round through a directed share issue. The completion of the intended SEK 20.4M involves a small group of investors with firm and strategic relevancy, going forward. It’s energizing having established a palette of partners in associated fields and relevant geographies canadian pharmacy viagra including Japan, Hong Kong, Europe and USA,” said Stefan Ytterborn, founder and CEO of CAKE.
“The process towards launching the company’s first product, defining a new category of light, clean and silent electric off- road motorbikes, is now accelerating”.
The motorcycle will be scheduled for show at the end of 2017.