← Work

Project — Lockcard · 2019–2024

Modular wallets,
made in our own factory.

Co-founded with Jonas Weber straight out of high school. Bootstrapped to €2.8M annual revenue and €1M profit — own production in Ulm, 13 people, 150,000+ customers. Sold in November 2024.

Bootstrapped Own factory Die Höhle der Löwen Sold 11/2024
Lockcard wallet with key module, cards and cash in hand

01 — Revenue

Four years of revenue.

No investors, no loans — every euro was reinvested. From one 3D printer in a student dorm to 1,000 m² of factory and office space:

Year 1
€9K
Year 2
€250K
Year 3
€660K
Year 4
€2.8M

02 — Die Höhle der Löwen

Five offers, no equity given.

Jonas Weber and Aaron Rau pitching Lockcard on Die Höhle der Löwen Photo: RTL / Bernd-Michael Maurer
Aaron Rau and Jonas Weber with Ralf Dümmel With Ralf Dümmel, DS Gruppe

We pitched on Germany's Die Höhle der Löwen (VOX) in 2022. The first application, a year earlier, had been rejected.

All five investors made an offer.

We closed with Ralf Dümmel and Carsten Maschmeyer — structured as a cooperation through their distribution and production network, with no equity given up.

The deal ran under NDA for the year between recording and broadcast.

03 — Production

Vertical integration.

In-house production was the speed advantage: a design change that takes weeks through a contract manufacturer took hours on our own machines. The only step outsourced was anodizing.

Four locations in five years: a 10 m² student dorm, my parents' basement, a 250 m² workshop, then 1,000 m² in Ulm — capacity for 150 products a day, with a shipping station that packed 130 packages an hour.

2× CNC mills 4× SLS printers 20× FDM printers 2× CO₂ lasers Flatbed cutting plotter Ultrasonic welding Bead blasting
Lockcard production and shipping floor in Ulm
Factory tour — Ulm
Lockcard prototype cabinet with all product iterations

Iterations were part of the product culture — the office had a display cabinet with every prototype generation, from the first FDM prints to the final SLS parts.

The team in the production hall in Ulm Production hall, Ulm

04 — Sales

Direct-to-consumer, lockcard.com.

Screen recording of the shop, January 2025:

0customers
0from 1,781 shop reviews
0Trusted Shops — “sehr gut”
lockcard.com — Jan 2025

05 — The product system

One wallet, interchangeable modules.

Two cover plates and an ultrasonic-welded elastic band — patented — hold interchangeable modules: cards, keys, coins, SD cards, trackers. Modules came out of community requests and went through dozens of prototypes each.

Lockcard MagSafe module
MagSafe module
Lockcard SD card slider
SD card slider
Lockcard Streak habit counter cover
Streak cover — mechanical counter
Lockcard MultiLock cover
MultiLock cover
Lockcard cover plate next to iPhone
Cover plates
Lockcard coin module with coins
Coin module

Product renderings — wallet system

Lockcard cover MagSafe cover AirTag module SmartTag module SD card module, filled Key module with keys Coin module Coin module, two compartments Tray module Tool module Elastic band with welded connector Lockcard cover, rear

Beyond the wallet

Dice slider Dice cube AirPods stand Stand Pro Packaging box, opened Chaospendel exploded drawing

06 — Chaospendel

A double pendulum in aluminum.

Wall object, CNC-milled from 6 mm aluminum, on two-row ball bearings. The rear arm pivots near its center, the front arm at a third of its length — the free ends act as counterweights and keep the motion slow. Sold in limited runs — resold later for up to €600. The simulation uses the measured geometry — drag it.

Chaospendel in motion on a brick wall — long exposure

Drag the pendulum

07 — Exit

Sold in November 2024.

Jonas and I sold 100% to a successor who had been a partner of the company.

Before the handover I documented every critical process in an internal video wiki; the team stayed on. The patents on the band weld and the packaging are my inventions from this time. Afterwards: a year of travel, then Shenzhen.

The Lockcard team, 2023

Next project

Coinbook →