Industry: Anti-theft device Location: UK Transaction price: USD 1 million Transaction method: Equity financing
Description of Requirement:
A British company has developed a new bicycle connectivity and anti-theft device that integrates Internet of Things (IoT) hardware, application software and a cloud-based management system. They are looking for manufacturers of bicycles or bicycle accessories. These manufacturers have experience in hardware (circuit boards) and electronics and can produce white label devices through a manufacturing agreement to expand their product range.
details:
1. Company Profile
A 2021 survey found that around 90% of bike thefts in the UK, the Netherlands and Germany have their bikes locked. Bicycle theft remains a major problem globally, and as the number of cyclists increases during this pandemic, so does the need for more efficient and safe cyclists.
A British company has developed a new anti-theft device that integrates smart connectivity and tracking technology for bicycles. The system is designed to enable bicycle and light electric vehicle (LEV) manufacturers to offer smarter, more connected products and gain detailed customer insights from cyclist behavior data.
Hardware modules (printed circuit board and power supply) combine vibration, accelerometer, anti-roll and 6-axis gyro sensor, eSim (embedded SIM card), GSM (Global System for Mobile), Bluetooth, GPS (Global Positioning System) and integrated alarm Combined into a device measuring 93mmx25mmx1mm and weighing 30g.
The British company is looking for bicycle or accessory manufacturers who have experience in making equipment, under a white label manufacturing agreement, these manufacturers can combine the above-mentioned elements (and possibly also their components, such as printed circuit boards and power supplies) to produce equipment, and add it to its product line.
2. Advantages and Innovation
The device can be mounted on or in a bicycle frame, making any bicycle a smart bike. The patented power management system lasts up to four weeks on a single charge.