Boomerang Bike
Boomerang's CycloTrac is the first commercially available bike computer designed for anti theft and fleet management using IoT technology. We have 2000 users.
- Stage Full Product Ready
- Industry Mobile
- Location Santa Clara, CA, US
- Currency USD
- Founded October 2013
- Employees 3
- Incorporation Type C-corp
- Website boomerangbike.com
Company Summary
Boomerang's technology connects the bicycle to the internet to prevent bike theft and manage bike fleets. In 2016 seven cities, bikeshare programs, adopted our technology. In 2017 we should grow to 20 cities. In Q4 2016 we released our consumer product and shipped 500 devices. We have a dealer network of 70 bike stores expanding to 200 by March 2017. Our business model is to earn revenue from both the hardware and a monthly subscription.
Team
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CEOAvid Cyclist with strong business development skills. This is my third start up. My philosophy is to run a lean company and get to market quickly with a modest investment. We should be cash flow positive this year.
Previous Investors
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Ronjon NagUnconfirmed
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