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After a 12 months of ups and downs, Cake has apparently filed an utility for chapter.
The information, sourced from Micah Toll’s protection on Electrek.co, follows the model’s failed try to lock in C-round traders that may have cemented their future and confirmed further funds for CAKE’s Europe growth.
What does Cake must say about their submitting for chapter?
As of proper now, CAKE has but to launch an announcement explaining why they’re submitting for chapter.
Toll has implied that workers below CAKE have had their salaries suspended as of final week, main us to imagine that they’ll finally must replace us concerning their upcoming choices.
What is going to occur to CAKE?
The quick reply? We don’t know.
So as to add insult to harm, CAKE is currently recovering from a rather large recall involving battery cell failure in their Kalk model. Changing the battery of a motorcycle just isn’t an affordable repair by any means, and the recall has additionally informed us that the substitute batteries received’t even be obtainable till April/Might/June (Q2), later this 12 months – one thing that CAKE is probably going factoring in when budgeting future decisions for the model.
Is electrical power nonetheless the #1 suggestion in comparison with gasoline?
By now, we’re all conscious of the hype for electrical power. EV know-how is preventing to surmount many hurdles within the battle to beat ICE, together with (however not restricted to) the bettering of vary and upkeep prices, the danger of grid overload potential, and extra.
EVs at present nonetheless don’t boast the identical efficiency stats as a generic gas-guzzling bike, and other major brands like Suzuki and Royal Enfield have already admitted EVs to be a higher-risk product.
That being stated, now we have companies like BMW and Harley-Davidson (LiveWire) which are completely satisfied to soak up the danger, going full-tilt into the zero-emission area with a spotlight that’s as breathtaking as it may be complicated (Don’t imagine us? Check out LiveWire’s sales two quarters ago).
To sum up, it’s too early to verify that EVs will hold their place as the most well-liked different power supply, particularly given a current flip towards hybrid choices (Kawasaki’s Ninja 7 Hybrid being the primary on what’s admittedly a reasonably quick record).
What do you assume is in retailer for CAKE?
*Media offered by Gear Junkie, Urban Mobility (Facebook), Tucano Urbano (Facebook), and Reddit*
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