CAKE, the Swedish electric motorcycle maker known for its eye-catching designs, is reportedly filing for bankruptcy after failing to raise enough funding to keep operations afloat.
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After an eight-year run and a reign as one of the highest funded EV startups in all of
China, WM Motor and its brand Weltmeister have filed for bankruptcy. Today’s news puts a bookend on a turbulent year facing financial struggles, but the startup has vowed to restructure through debt collectors and will seek a rebirth.
The final chapter in the VanMoof financial saga has been written this morning. The e-bike maker has officially filed for bankruptcy.
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The Arc Vector was one of the flashiest, wildest and most expensive electric motorcycles of the year. But now it is set to become none of those things as the company files for bankruptcy.
San Francisco-based Mission Motorcycles, a maker of high-end electric motorcycles, recently filed for bankruptcy amid financial troubles. In the filing, current CEO Mark Seeger said the company is so low on cash that it can’t afford to pay for an attorney for the bankruptcy process, but while recently talking with Reuters, former CEO Derek Kaufman dismissed the company’s lack of money and instead blamed Mission’s demise on Apple’s poaching of top engineers.
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Amid financial troubles and co-founder scuffles, Mission Motorcycles, a maker of high-end electric motorcycles, filed for bankruptcy last week. In a letter obtained by local news-outlets, CEO Mark Seeger said the company is so low on cash that it can’t afford to pay for an attorney for the bankruptcy filing process.
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