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Florida man buys Cake’s remaining US inventory of electric motorbikes
The future of bankrupt e-motorcycle startup Cake is still uncertain, but the majority of its U.S. inventory is going to a guy in Florida.
Michael Joyce, who runs a retail shop in St. Petersburg called Emoto, tells TechCrunch that he bought all of the Cake Makka and Ösa motorbikes that had been shipped stateside as well as accessories and spare parts. But Joyce says he eventually agreed to start taking the company’s products on consignment, which helped fill out the Emoto retail space and let potential customers interact more with Cake’s bikes, boosting monthly sales into the double-digits. Joyce says he was touring warehouses in Florida over the last few weeks and trying to figure out how to fulfill orders for the motorbikes when he struck up a conversation with Bloom, a company launched last year by the founders of e-bike brands Propel and Vela that is based in the Detroit mobility innovation district known as Michigan Central .
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