World’s first unstealable bike invented

Three young entrepreneurs claim to have solved a problem that makes every cyclist's blood boil - they have invented the world's first "unstealable" bike, reports the CNN.

The theft of two bikes from one of the inventors pushed the former engineering students from Chile to tackle the exasperating crime. Their solution? To create a frame that is dismantled and reconnected to
make a lock - all in just 10 seconds, according to its creators.

Fitted on a stylish steel frame, the bike's aluminum downtube splits in two to allow the seat tube to form a steadfast lock around any tree, pole or bike rack. The only way to take it would be to saw through it - making the bike useless.

And last week was an important one for the three young men as they put in their first order to produce 300 of the bikes.

After designing a successful prototype, Cristobal Cabello, 22, Andres Roi Eggers, 23 and Juan Jose Monsalve, 24 left their university course to throw themselves full time into the project. An investment of $100,000 from a state enterprise fund fueled the product's research and development, but they turned to crowdfunding website Indiegogo to sell their first batch of the bikes - known as Yerkas.

"We chose crowdfunding because it's the easiest way to make the product go worldwide," explains Cabello, the start-up's CEO. "It's an international web page that is well known, and customers can pay securely with a credit card. It was the safest way to handle the money."