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Smart bike lock Lock8 clears Kickstarter goal and picks up extra funding

on November 26, 2013

Gigaom

With car-sharing becoming so popular that it’s attracting patent trolls, it’s a logical extension to the concept to have app-enabled bike-sharing schemes, too. And wouldn’t you know it? Here come two at once.

BitlockA couple of a weeks ago, a San Francisco outfit called Mesh Motion hit its $120,000 Kickstarter goal for its Bitlock product. And on Tuesday, British-German outfit VeloLock said it had passed its own £50,000 ($81,000) Lock8 Kickstarter goal ahead of schedule, and also picked up additional funding from Horizon Ventures and Otto Capital.

Both Bitlock and Lock8 are bicycle locks that rely on smartphones rather than physical keys to unlock them. And both smartphone apps allow the sharing of the bike with friends and, in theory, through commercial bike-sharing schemes.

However, there are significant differences – in a nutshell, Lock8 ($149, shipping in July 2014) is a more advanced device than Bitlock ($129, shipping…

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