E-bike brand cake filed for bankruptcy
According to Sweden**, the world-renowned ebike and motorcycle brand Cake has filed for bankruptcy.
Cake CEO Stefan Ytterborn said the latest blow comes from the failure of Cake's latest round of funding talks, which is shown to fall completely on January 31, 2024.
It is reported that Cake is a Swedish electric motorcycle and moped manufacturer headquartered in Stockholm, Sweden, which started operations in 2016. The first electric bike to be offered to the public was named KALK and was launched in 2018.
E-bike retailer Fly-E submits IPO application to raise $17 million
Fly-e Group (flye.), which manufactures and sells electric bicycles, motorcycles and scootersUS) filed an initial public offering (IPO) application with the U.S. ** Exchange Commission on Friday, which plans to raise $17 million. The company plans to list on NASDAQ, ** as FLYE.
Under the brand name "Fly e-bike", Fly-e Group designs, installs, and sells smart electric motorcycles, electric bicycles, electric scooters, and related accessories. The Company's product portfolio currently includes 21 electric motorcycle products, 34 electric bicycle products and 12 electric scooter products, which are sold through a network of 39 retail stores** in the United States and Canada.
The Fly-E Group was founded in 2018 and had sales of $26 million for the 12 months ended September 30, 2023. The company confidentially submitted the application on August 14, 2023. The benchmark company was the sole bookrunner for the transaction. The company does not disclose pricing terms at this time.
Topu Technology received nearly 10 million yuan in Pre-A round financing
TOPU Technology is a manufacturer of lithium-rich manganese batteries, and its business segment is divided into three categories, one of which is lithium-rich manganese power batteries, and the other two major sectors, one is small power batteries, that is, batteries for electric two-wheeled vehicles, electric motorcycles and other small power vehicles; The second is energy storage batteries, that is, products such as household energy storage, outdoor energy storage and container energy storage batteries. TOPU Technology recently completed nearly 10 million yuan of Pre-A round of financing, with investors as the actual controller of a new energy LED company and a new energy infrastructure engineering company, and Huafon Capital and No. 7 Capital as long-term strategic financing consultants. This round of financing funds is mainly used for R&D personnel and cathode material production line equipment.
The 2024 Spring Toronto Bicycle Show and E-Bike Show will be held
Toronto Bicycle Show and E-Bike Expo is one of the well-known international exhibitions in the Canadian bicycle industry, and it is also the leading exhibition of the Canadian bicycle industry. The 2024 Spring Show will be held from March 8 to 10 at the International Center in Mississauga.
Revolt Motors has launched an electric motorcycle with a speed of 85 km/h
According to a report, the Indian company Revolt Motors has launched an electric motorcycle RV400 BRZ, priced at 137,950 rupees (about 1 yuan).190,000 yuan).
It is understood that this electric motorcycle uses the same technology as the previous model, equipped with a 3A 24 kWh battery pack and a 5 kW motor.
The RV400 has about the same power as a 125cc scooter and has a top speed of 85 km/h and up to 150 km on a single charge in Eco mode. Its range varies from mode to mode, with the car having a range of 100 km in normal mode and 80 km in sport mode.
Disclaimer:
This articleAll non-originalAll innetwork, if there is any infringement, pleasePrivate messagesContact:OperatorDelete!
2.The material of this article ** in the open market information, if it involves privacy and confidentiality, please contact the operator by private message to delete!
This article only representsSince the operator of ** "Two-Wheeler Review".Personal opinions, not related to any other organization or institution.