Smart Lock Firm Zelkova Secures USD1.5 Million in Share Capital-Led Funding Round
Tang Shihua
DATE:  Nov 20 2017
/ SOURCE:  Yicai
Smart Lock Firm Zelkova Secures USD1.5 Million in Share Capital-Led Funding Round Smart Lock Firm Zelkova Secures USD1.5 Million in Share Capital-Led Funding Round

(Yicai Global) Nov. 20 -- Smart lock maker Shanghai Zelkova Intelligent Technology Co. said that it secured USD1.5 million (CNY10 million) in series pre-A financing from Share Capital, Lieyun reported.

"In the next step, we will launch an integrated mechanical rotary password, abandoning the household intelligent locks using keys, and the product will make its debut on Nov. 23 on [Chinese crowdfunding platform] Xiaomi Zhongchou," Chief Executive Wang Hua said.

"Zelkova added anti-theft features -- the rotary disk mechanical password based on the common 3D Touch fingerprint identification, the capacitive screen password and the Bluetooth unlock function -- to the mobile phone app," Wang said.

Zelkova bought a company with a full range of core patents, he said. The group specializes in anti-theft locks for automated teller machine and military armories.

Zelkova has promoted its products since the second half of last year, and has provided the market with hundreds of thousands of sets of smart door lock products, said Wang. Its service customers include apartment operation service providers Xiaozhuduanzu, Dankegongyu and Xuhuilingyu.

Follow Yicai Global on
Keywords:   FINANCING,Smart Lock,Home Rental