Bike theft is an unfortunate event that far too many UC Berkeley students are familiar with, especially these days. As the number of campus bikers increases, this problem is only going to increase as well. So what are we broke college students to do? We can’t waste hundreds of dollars on replacing bike wheels and frames — you could buy 200 cups of coffee with that money.

University of Southern California alumni Mikey Ahdoot and Amir Atighehchi feel our pain, so they decided to do something about it. They teamed up with a group of students and created the Nutlock, a bike lock that keeps your wheels from getting stolen.

The Nutlock replaces your old fasteners with individualized ones that can only be removed with the provided key. These locks act as a preventative measure to keep thieves away. It usually only takes 30 seconds for someone to steal your wheels with a wrench, but these are impossible to take off with anything other than the key. They are easy and effective — what else could a college student want?

The Nutlock also acts as a bottle opener — how convenient.

The team has raised more than $50,000 for this project, and the Nutlock is coming your way. So if you’ve had a problem with bike theft here at UC Berkeley, your solution may finally be here.

Check here to find out more about this project (and to see their “Dolphin Tank” promotion video).