When was CAKE founded?

CAKE was founded in 2016 and raised its 1st funding round 3 years after it was founded.

Where is CAKE located?

CAKE is headquartered in Stockholm, Sweden.

Who is the current CEO of CAKE?

Stefan Ytterborn of CAKE. They have also founded 1 company.

Which legal entities is CAKE associated with?

CAKE is associated with CAKE 0 emisson AB and 1 other.

How many employees does CAKE have?

As of Aug 31, 2026, the latest employee count at CAKE is 34.

Is CAKE a funded company?

CAKE is a funded company, having raised a total of $74M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Sep 12, 2019.

When was the latest funding round of CAKE?

CAKE's latest funding was a $***** Series B round on Sep 27, 2021, with participation from 3 investors. Its primary sector is Electric Vehicles. In Sweden, the Electric Vehicles sector has seen $545M in funding in 2026 to date.

Where does CAKE rank among its competitors?

CAKE ranks 1st amongst 5 active competitors, only 1 of which is funded. CAKE, which secured $60M in Sep, 2021.

Who are the top competitors of CAKE?

CAKE's top competitors include Vässla, Movs Technology Group and RGNT Motorcycles. Among them, CAKE secured the most recent funding round in September, 2021.

CAKE - 2026 Company Profile, Team, Funding & Competitors

CAKE is an acquired company based in Stockholm (Sweden), founded in 2016 by Nils Ytterborn and Stefan Ytterborn. It operates as a Manufacturer of electric motorbikes. CAKE has raised $74M in funding from Creandum and AMF. The company has 5 active competitors, including 1 funded and 1 that has exited. Its top competitors include companies like Vässla, Movs Technology Group and RGNT Motorcycles.

Company Details

Manufacturer of electric motorbikes. Its bikes come equipped with a 15kW electric motor and a 50Ah Lithium battery pack that can provide a traveling range of 80 km per charge. As per the company's claim, its bikes can offer a maximum speed of over 75 km/h. The company also distributes bike components, spare parts, and charging equipment.

Website: ridecake.com/en-US
Social
Email ID: *****@ridecake.com
Phone Number: +1 **********

Key Metrics

Founded Year

2016

Location

Stockholm, Sweden

Stage

Acquired

Total Funding

$74M in 2 rounds

Latest Funding Round

Series B, Sep 27, 2021, $*****

Investors

Creandum & 9 more

Ranked

1^st among 5 active competitors

Employee Count

34 as on Aug 31, 2026

Similar Companies

Oben Electric & 335 more

Exit Details

Acquired

View CAKE's full profile

CAKE is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BUKK CIN: 40203431615 , Latvia, Active	Oct 05, 2022	€0 - €1M (As on Dec 31, 2024)	5 (As on Dec 31, 2023)	-
CAKE 0 emisson AB CIN: 559014-2682 , Sweden, Active	Dec 31, 2015	$1M - $10M (As on Dec 31, 2020)	-	-

CAKE got acquired on Feb 29, 2024.

Click here to take a look at CAKE's acquisition in detail

CAKE has raised a total funding of $74M over 2 rounds. Its first funding round was on Sep 12, 2019. Its latest funding round was a Series B round on Sep 27, 2021 for $*****. 3 investors participated in its latest round. CAKE has 10 institutional investors.

Here is the list of recent funding rounds of CAKE:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 27, 2021	3532521	Series B	7667852	1226851	1660855	1774322
Sep 12, 2019	1151777	Series A	8502150	4712203	Creandum	Headline

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View details of CAKE's funding rounds and investors

The founders of CAKE are Nils Ytterborn and Stefan Ytterborn. Stefan Ytterborn is the CEO of CAKE.

Here are the details of CAKE's key team members:

Nils Ytterborn: Co-Founder of CAKE.
Stefan Ytterborn: Founder & CEO of CAKE.

View details of CAKE's Founder profiles and Board Members

CAKE's employee count trend

CAKE has 34 employees as of Aug 26. Here is CAKE's employee count trend over the years:

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Top competitors of CAKE include Vässla, Movs Technology Group and RGNT Motorcycles. Here is the list of Top 10 competitors of CAKE, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	CAKE 2016, Stockholm (Sweden), Acquired	Manufacturer of electric motorbikes	$74M	AMF, Starexus & 8 others	43/100
2nd	Vässla 2017, Stockholm (Sweden), Series B	Developer of electric-two wheelers	$17M	Skabholmen Invest & 6 others	33/100
3rd	Movs Technology Group 2005, Stockholm (Sweden), Funding Raised	Developer of multi-category electric two-wheeler and mobility solutions	-	Aggregate Media	27/100
4th	RGNT Motorcycles 2019, Stockholm (Sweden), Funding Raised	Manufacturer of electric motorcycles	-	Grannenfelt Finance	26/100
5th	Leo Motors 2007, Seoul (South Korea), Deadpooled	Cartridge batteries for electric vehicles	-	-	24/100
6th	Zeus Twelve 2012, Vargon (Sweden), Unfunded	Limited edition electric motorcycles	-	-	16/100