Mash the beets together with the sugar. Transfer to a bowl, add the olive oil, and stir with a whisk for 2-3 minutes. Add the spices.
Add the eggs and continue mixing.
In a bowl, sift the flour, cocoa, and baking powder.
Add them to the mixture with the beets, continue mixing with a spatula.
Pour into a buttered and floured pan and bake for 50 minutes at 180 ° C in a preheated oven.