Webit Founders Games 2022

CAKE 0 emission

CAKE 0 emission
  • Startup Name: CAKE 0 emission
  • Name of the company: CAKE 0 emission
  • Country: Sweden
  • Date Founded: 15/10/2016
  • Stage: Round B
  • Area: Urban Transportation
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Founders Games Pitch

CAKE is a Swedish electric bike company born out of a passion for gravity sports, and on a mission to develop the highest performance electric two-wheelers with the mission, to inspire and contribute to accelerating towards the zero-emission society, combing excitement with responsibility.
Inspiring people, contributing to speeding up the journey towards a zero emission society, combining excitement with responsibility.
Power, reach and efficency will allow CAKE to win the market. Our bikes has long life and low maintenance requirements, which means that CAKE can double customers revenues through; power, reach and efficiency. Comapring with an e-bike, e-scooter och an e-car. E-bike: Low purchase price driven up by short useful life. e-scooter: high annual maintenance requirements and short useful life, a limited factor i power. Why CAKE is doing the e-scooters better is built from the ground up with premium components that prolong vehicle life and decrease TCO software flexibility that allows bikes to be configured for 45km/h top speed to 25km/h to access bicycle lane and decrease travel time. Lightweight design allowing for greater inclusivity. E-cars: High capex and low efficiency in high traffic.
CAKE is working direct to consumers, which makes it possible to lower the prices and still get revenue on the margins. 50k before 2025 annual units sales, 200k before 2030. 3x sales YoY growth since inception market share less than 1%. Thanks to the high quality and the strong brand our customers will pay.
The weight aspect is one. A dramatic reduction in weight, compared to a regular combustion bike, enables snappy and lively rides. The electric drivetrain makes riding more accessible for everyone regardless of their physical condition and experience. Everyone can comfortably handle the bike. The fact that it’s almost completely silent boosts the riding experience and serves for the absolute presence and focus while out exploring. It also enhances the level of respect towards our surroundings and those sharing the space with us – whether they’re fellow hikers, wildlife or even your neighbors when riding around your backyard track. Furthermore, we benefit users in a wide range from commuters and business utility users, to world champion off-road racers and free ride explorers on the journey addressing everyone in the process of deciding what their future mean of transportation should be, business or consumer, in regard to seriously enhancing sustainability, efficiency, durability and fun.
50k before 2025 annual units sales, 200k before 2030. 3x sales YoY growth since inception market share less than 1%. From scratch establishing and leading the new category and become the leader in our segment.
Post seed:
Raised money: 5000000 EUR
Valuated at: 15000000 EUR
Round A:
Raised money: 13000000 EUR
Valuated at: 29000000 EUR
Round B:
Raised money: 50000000 EUR
Valuated at: 200000000 EUR
Team member 1: Klara Edhag