Comment Section for Florida man buys Cake’s remaining US inventory of electric motorbikes | TechCrunch

The TechCrunch article reports on the purchase of the remaining US inventory of Cake, a bankrupt electric motorbike startup, by a Florida man, Michael Joyce. Joyce, who operates a retail shop called Emoto in St. Petersburg, bought all Cake Makka and Ösa motorbikes that had been shipped to the US, along with accessories and spare parts. However, he did not purchase any Cake Kalk electric motorcycles due to recall issues. Joyce intends to keep the Swedish brand alive and is collaborating with a Detroit-based startup, Bloom, to warehouse the inventory and assist with shipping across the US. Joyce's acquisition gives him a six to twelve-month runway as he negotiates with other companies to sell electric motorbikes. The article also emphasizes the struggles of Cake to secure Series C funding, and its unsuccessful attempts to court major companies like Harley-Davidson. Joyce aims to build Emoto into a one-stop showroom for electric motorbikes, similar to the country's biggest powersports dealers. If Cake manages to restructure and continue, Joyce is interested in remaining a partner with the new version of the company.