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The future of bankrupt electric motorbike startup Cake is still uncertain, but the majority of its U.S. inventory is going to a guy in Florida. Michael Joyce, who runs a retail shop in St. Petersburg called Emoto, tells TechCrunch that he bought all of the Cake Makka and Ösa motorbikes that had been shipped stateside as well as accessories and spare parts. Joyce says he didn't buy any of the remaining Cake Kalk electric motorcycles, as those have been recalled for battery fire risk and steering column problems.
This week was a busy one with Rivian officially announcing the reveal date for its next-gen EV, a Waymo robotaxi striking a bicyclist (oh and one of its robotaxis was vandalized and burned late Saturday night!), Arrival trying to sell off its U.K. assets, plus a few scoops on e-motorcycle startup Cake, Ford and Fisker. Joby Aviation, a company developing all-electric aircraft for commercial passenger service, announced Sunday an agreement with Dubai regulators to launch air taxi services there by early 2026. Joby, a startup that went public in 2021 via a merger with a special purpose acquisition company, said it's targeting initial operations as early as 2025.
Cake, the Swedish manufacturer of lightweight electric motorbikes, had to file for insolvency on 1 February. The insolvency administrator is currently preparing the tender documents for the sale of the company.
In 2023, Cake, the electric motorcycle company, engaged in discussions with Harley-Davidson and other automakers in a bid to survive, according to Stefan Ytterborn, the founder and CEO, in an interview on Tuesday. The discussions, which have not been previously disclosed, ultimately did not work out for the Swedish startup, which unfortunately filed for bankruptcy …
Electric motorcycle company Cake held talks with Harley-Davidson and other automakers in 2023 as it fought to stay alive, founder and CEO Stefan Ytterborn…
Electric motorcycle company Cake held talks with Harley-Davidson and other automakers in 2023 as it fought to stay alive, founder and CEO Stefan Ytterborn told TechCrunch in an interview Tuesday. "I've had 40 meetings in the past three days," Ytterborn said, adding that most have been with two-wheeler brands. Ytterborn said his company began trying to raise a Series C as early as August 2022 and that he expected to be able to close with a similar mix of institutions and a few VCs.