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CEO Robert Thorwath - Founder of Lock Cuff brand. (Photo: Vietnamnet)
Robert Thorwath currently runs and is also the founder of Lock Cuff - a business specializing in manufacturing “Made in Vietnam” motorcycle locks. Recently, Thorwath successfully raised capital for his product on Shark Tank Vietnam, a popular television programme.
Different from the existing lock models on the market, Lock Cuff's motorcycle lock is made with the purpose of locking the brake and accelerator. With this lock model, users will not get their hands dirty or have to bend down to lock the disc or wheel like in traditional motorcycle lock models.
According to Robert Thorwath, his wife and children are both Vietnamese. He had witnessed his wife bending over to lock her motorcycle while wearing a mini skirt. Realizing that inconvenience, Robert spent four years researching and developing this lock model.
Lock Cuff is inspired by the combination of a handcuff and a lock. It is very light, compact and easy to handle. Even if the thief cuts the brake line, the motorcycle cannot run because the accelerator is blocked. Users can also safely hook the helmet to the accelerator with this lock, Robert explained.
Due to its high applicability, the lock model of Robert Thorwath is very popular in the market. Although it has just been on the market since March 3, 2021, Lock Cuff has successfully sold 500 locks for 275,000 VND (13 USD) each. Additionally, Robert is happy to announce that his product is now patented.
This anti-theft lock is very eco-friendly as it comes in a green, biodegradable bag.
According to the CEO of Lock Cuff, the production process of this lock model does not have any waste. All materials, from the rubber pad to the main metal of the lock, are made in Hanoi and can be recycled. The laser cutting and the production of the plastic pieces are both done in Vietnam, he said.
Despite receiving a lot of attention from the "sharks" of Shark Tank Vietnam, Robert chose Shark Phu with an offer of 2 billion VND for 10% of the shares.
Explaining this decision, he said that the most important thing with Lock Cuff now is the factory. With his strengths, Shark Phu will be the most suitable person to solve this problem.
When asked why he chose to start a business in Vietnam, Robert said, “There is one thing that I can say that I am very proud of, that is, I love Vietnam. My wife and children are both Vietnamese, so I won't make it in another country."
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