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Cake's Financial Challenges and Bankruptcy
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Cake, a Swedish startup, faced financial challenges and filed for bankruptcy after seeking funding and strategic partnerships. The company had aimed for a Series C funding round and explored partnerships with automakers like Harley-Davidson, but failed to secure a partner or investment, leading to bankruptcy.
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How can startups like Cake overcome the obstacles they face in securing funding and partnerships?
What factors might have contributed to Cake's financial challenges and bankruptcy?
What impact does Cake's bankruptcy have on the electric motorcycle market and the relationship between startups and automakers?
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