Award Winning LOCK8, Smart Bicycle Lock and Bike Sharing Platform Reaches Kickstarter Target Ahead of Schedule, Secures Global Bike Sharing Programs and Receives Venture Capital Funding
LONDON, BERLIN and SAN FRANCISCO, November 26, 2013 /PRNewswire/ --
- TechCrunch Disrupt Award winner and cities worldwide interested in revolutionary bike sharing platform
- Secures 7-figure investment from Horizons Ventures and Otto Capital
LOCK8 (http://www.lock8.me), winners of Techcrunch Disrupt Battlefield Europe, is rolling out to connect cities as ideal partner for bike sharing schemes. The GPS/GSM chip integrated in the LOCK8 enables customers to locate and unlock the bicycle without handing over keys.
The potential for private/public partnerships is attracting city officials and businesses alike. Adding a LOCK8 to a hotel or bike rental's existing fleet allows instant access to a greater bike sharing scheme all connected via the LOCK8 app. LOCK8 has successfully achieved its funding goal on Kickstarter.
Technologically advanced bicycle lock fights crime and tackles urban mobility
LOCK8 has attracted interested governments and bicycle rental agencies from all over the world since winning Techcrunch Disrupt Battlefield Europe. CEO Franz Salzmann, who has been in lengthy discussions with representatives from Europe, Asia and North and South America, says "We are very happy that LOCK8 is resonating with people so well on creating green connected cities."
LOCK8 announces investment partners Horizons Ventures and Otto Capital
LOCK8 has announced further funding from Horizons Ventures and Otto Capital.
Horizons Ventures focuses on disruptive and data driven technologies, operating globally with investments in: Facebook, Spotify, and Skype. Otto Capital draws on more than 70 years of international investing experience from the Otto Group and has successfully built hardware businesses on all continents.
"LOCK8 is scalable and fits to existing infrastructure, allowing cities to harness public/private enterprise to solve a plethora of issues associated with urban problems," says Christophe Maire, business angel and early supporter of LOCK8.
About LOCK8
LOCK8 is developed by VeloLock Ltd, which was founded in July 2012 by Franz Salzmann (CEO, ex-Deutsche Bank, private equity, MSc Oxford University) and Dr. Daniel Zajarias-Fainsod (CTO, PhD Oxford University, engineer and emergency doctor, lecturer in biochemistry and biophysics with seven patents.) Franz and Daniel hatched the idea when their bikes were stolen multiple times while attending University. LOCK8 is based in London and Berlin.
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