CAKE and FCA Bank sign pan-European financial partnership
CAKE, the Swedish maker of premium, lightweight, electric motorcycles enters a financial partnership agreement with FCA Bank. The bank with almost a hundred years of experience in car financing, leasing and mobility, will offer financial solutions to CAKE customers on all their two wheel platforms.
“We are delighted to have been chosen as CAKE’s financial partner in Europe. This partnership stems from the strategic vision shared by FCA Bank and CAKE, which is oriented towards the promotion of a new, cutting-edge and sustainable mobility paradigm” said Giacomo Carelli, CEO of FCA Bank. “For the Bank it is also a further step ahead in its growth process, as it broadens and strengthens its presence in the world of two-wheelers”.
“Financing is a key tool for CAKE to be able to make our vehicles accessible to our customers. CAKE’s approach is to pursue high-quality and longer product life cycles, we need a partner that both understands and supports that. FCA Bank is pivoting into micro-mobility and electric vehicles and is exactly the kind of partner we need to help us with both scale, innovation and credibility for our B2C and B2B customers in Europe” says Stefan Ytterborn, CEO and founder of CAKE.
The agreement, already active in France and the UK, is being extended to all European countries where the two companies are operational, starting with Italy, Germany and Spain.
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