Boomerang Bike Raising Funds Via Equity Crowdfunding Campaign to Eradicate Bike Theft One Bike at a Time

Boomerang Bike Raising Funds Via Equity Crowdfunding Campaign to Eradicate Bike Theft One Bike at a Time
Boomerang Bike Corp. is a group of avid cyclists whose core mission is to develop a comprehensive product line based on Internet of Things (IoT) technology to prevent bike theft.

Sunnyvale, CA – September 08, 2022 – Boomerang Bike, makers of the CycloTrac V2, a high-tech bicycle anti-theft system, is raising funds through its current equity crowdfunding campaign. 

As bike ownership and bike prices rise, bike theft remains a billion-dollar problem worldwide. In North America alone, over two million bikes (which breaks down to one theft every 30 seconds) are stolen yearly. Boomerang’s new CycloTrac V2 system is setting a new standard in bicycle protection for its effectiveness both as a GPS-location app and its resulting reputation as a recognizable deterrent.

“Every bike theft attempt with a CycloTrac has deterred the thief,” said Kevin Fahrner, founder and CEO of Boomerang. “Even though we are just getting CycloTracs into the marketplace, customers have reported over 95% of the bike thieves run away once the alarm sounds.”

Even though interest and investment in bicycles has spiked so profoundly in recent years, the technology to protect those bikes from theft has remained strangely and frustratingly stagnant. That’s why Boomerang Bike believes disrupting bike theft is a multimillion-dollar opportunity. Equipped with the industry’s only audible alarm system, cutting-edge cloud technology, a proven record of effectiveness in the streets that no other competitor can claim, and a customer satisfaction rate well above 80%, the Boomerang team predicts that CycloTrac remains on track to attract as many as 500,000 new customers, and up to $50 million in hardware and subscription revenues, by 2024.

For more information about Boomerang Bike and their current equity raise, visit their crowdfunding site Boomerang Bike | (sppx.io).

Media Contact
Company Name: Boomerang Bike Corp
Contact Person: Kevin Fahrner
Email: Send Email
Phone: (408) 727-9800
Address:PlugandPlay, Boomerang Bike Corp, Mail Slot # 172, 440 N Wolfe Rd
City: Sunnyvale
State: CA 94085
Country: United States
Website: https://boomerangbike.com/