"A GPS module is of course also located on the Smart Wheel itself so it sends a signal on its own once the motion sensors (that turn on only after you lock it)

"A GPS module is of course also located on the Smart Wheel itself so it sends a signal on its own once the motion sensors (that turn on only after you lock it) notice it's moving without your knowledge." Sends a signal to what? If you're a few feet away I don't think you'd be worried about a theft.