The founder and CEO of CAKE, Stefan Ytterborn, says that the funds will be used to “help build a foundation for rapid growth” for the company.
Ytterbom adds that his company is implementing initiatives to scale the business, add product platforms such as the compact Makka, expand the user base and set up manufacturing facilities in Europe, North America and Asia.
He says that CAKE will also set up showrooms, shops and service premises in larger cities from this autumn.
“We knew we were entering a space with an increasingly strong tailwind when we got started in 2016, but we could not dream of the pace at which things are happening now, for the benefit of people, the planet and business,” Sa Ytterbom.
Makka is CAKE’s newest model and it was introduced in August.
CAKE also offers powerful electric motorcycles, but the Makka series has less performance and lower price. Makka bikes do not require a motorcycle license to operate.
The Makka line is designed for city riding and has a 3.6 kW (4.8 hp) engine.
Makka Flex – the model with higher performance of the two on the Makka line – costs 3800 dollars and can reach a top speed of 45 km / h. That makes it a “moped class vehicle” in accordance with US rules that are intended to be aimed at anyone with a basic driver’s license.
A single battery in Makka is rated for 48V and 31Ah (1.5 kWh), which drives the 132 lb (60 kg) cycle for a maximum range per charge of 50 km.
When it comes to other offers, CAKE Ösa is available in two different models with different speed and power output options.
Ösa can reach a top speed of 100 km / h and is powered by a 7 kW continuous, 10 kW top motor. The transfer is done with a Gates carbon fiber strap. Ytterbom says that Ösa was built primarily for utility, while CAKE’s electric dirt bikes (Lime) were designed for leisure users and higher speeds.