Grasp Lock on Kickstarter is the first biometric update of the traditional bike U-lock. It doesn’t have a key mechanism, and it goes on and off with a snap.

If you've been looking for a bike lock that will give your mom a heart attack every time you come to a hard stop on a bumpy road, this is the one for you.

But Velo Labs is raising $50,000 for a smart project that makes total sense: a bike lock. The Skylock is a standard U-lock that connects to a smartphone app via Bluetooth to open your lock as you ...