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Swedish electric motorbike company Cake files for bankruptcy.
The company, which makes extremely unique-looking utility-themed motorbikes and motorcycles, was forced to make the decision after a major investor bailed right before a funding round was set to close, according to Electrek. Certainly this will come as sad news to fans of Cake’s two-wheelers, which are geared toward off-roading and cargo-hauling.
Our own Thomas Ricker was taken with the Ösa’s multifaceted features, but found the price and digital display to be lacking.
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