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We’ve written about fighting bike theft with GPS devices before, as well as posting about a cool web series called “To Catch a Bike Thief” where the producers set out “bait bikes” equipped with GPS trackers. It’s a neat technique to use new technologies to combat an age-old problem.

And now there’s a very interesting Kickstarter project gaining some traction. Called The BikeSpike, this device purports to:

•Monitor your bike’s location on a map using your phone or computer
•Grant temporary access to local law enforcement, helping increase the chances of recovery.
•Digitally “lock” your bike and receive a notification if your bike moves from it’s geo-fenced location or if someone even tampers with it.
•Collision detection system can alert key members of your contact list and share the location of an accident.
•Share your stats (distance, speed, and courses…) with friends, coaches and spectators.
•Monitor your children and get notified if they ride out of their safe zone.
•Our open API allows developers to create gaming and fitness apps that you can download and use with the device or use the data created from the BikeSpike to integrate with the existing apps you already love. Export a GPX file.
•PLUS, with the Hacker Pack, you can connect it to a motorcycle or other on-board batteries for a continual charge.

The website Mashable calls it “like LoJack and OnStar for your bike.”

Here’s a video that helps illustrate the workings of the device:

What do you think — a gadget worth pursuing, or is investing in a strong lock a better strategy? We’d love to hear your thoughts on BikeSpike as much as the developers would like you to help fund their project…just leave comments below.

A tip of the ol’ foam dome to longtime reader/commenter Raiyn Storm for pointing this out to us.