Yellowbike has designed Clamp-IT after winning an Innovation in Infrastructure competition with Innovate UK. There are 3 bicycles stolen every minute according to the UK police. Yellowbike has developed a smart mobile-phone-operated secure bicycle parking solution which attaches to existing street furniture and aims to deter theft of the privately-owned bicycle. The commercial model makes this service free to the user. Our units will go on trial at Kings College London in April, acquire Sold Secure Gold accreditation in June and be available for installation in the public domain from September 2019.

We are seeking investment of £200k to pay for a whole solution cost reduction to give us improved affordability and grow our business by upping the manufacturing pace, creating both a sales and service force and undertaking further work to deliver more efficient software and improved services.