Swedish pension fund AMF anchors funding in CAKE

The Swedish maker of lightweight electric performance motorcycles, scooters and mopeds raises $60m.

Stockholm-based CAKE, a maker of lightweight electric performance motorcycles, scooters, and mopeds, has raised $60 million. The fundraising comprises convertible notes of $14M million and a $46 million financing round.

The financing round was anchored by Swedish pension fund AMF, investing alongside new investors and current shareholders, including Creandum and Headline.

Source: Company press release