Breaking: Electric motorcycle company CAKE quietly files for bankruptcy ...Middle East

CAKE, the Swedish electric motorcycle maker known for its eye-catching designs, is reportedly filing for bankruptcy after failing to raise enough funding to keep operations afloat. Swedish media has reported that CAKE’s board is submitting a bankruptcy application. There has been no announcement from the company itself, which as recently as last week was still making press announcements including about further European expansions. CAKE had also just begun delivering its newest electric motorcycle model, the CAKE Bukk. There were signs of trouble at CAKE however, including a reported suspension of salary payments last week. The latest bankruptcy filing news comes as the company appe

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Breaking: Electric motorcycle company CAKE quietly files for bankruptcy ...Middle East

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