Lock8

Lock8 is a hardware startup founded in 2012 with a vision to revamp the bike-sharing industry. Its creation, LOCK8, is a sophisticated hardware and software amalgamation aiming for economical and user-centric bike sharing and fleet management. Integrating GPS, GSM, and Bluetooth Low Energy technology, LOCK8 not only facilitates seamless bicycle fleet management but also compiles extensive fleet data. The Venture Round investment at 27 August 2014 saw participation from notable entities such as Horizon Ventures, Christophe Maire, and Otto Capital. The company aspires to drive the global bike-sharing industry forward by optimizing existing fleets and providing more cost-effective, user-friendly solutions to municipalities, corporations, and university campuses. Its ultimate goal is to significantly reduce CO2 emissions by discouraging motor-vehicle travel in urban areas, thereby enhancing public health and well-being by promoting safer and more accessible cycling. Additionally, Lock8 aims to address socio-economic disparities generated by the expenses associated with traditional public transport. Their slogan, "Creating safer, smarter, and more accessible bike-sharing solutions to foster healthier communities and reduce urban carbon footprints," encapsulates its commitment to sustainability and community well-being.