Indian-American Billionaire Manoj Bhargava Unveils Electricity-Generating Bicycle

 

ndian-American billionaire philanthropist Manoj Bhargava today unveiled a stationary bicycle that can generate electricity and help rural households meet their energy needs.

"The stationary bicycle generates power. The pedalling turns a flywheel, which spins a generator that charges the attached battery," Mr Bhargava said while unveiling the product.

He further said the cycle is estimated to be priced between Rs. 12,000-15,000 and will be available by March  2016

One hour of pedalling can meet a rural household's electricity needs for 24 hours, including running lights, a small fan and charging a cell phone -- all without electricity bills, fuel costs or pollution, a statement issued by him said.

Note

Manoj Bhargava, whose net worth is estimated at $4 billion, has pledged 99 per cent of his fortune to finding solutions that can help people across the world.

Manoj Bhargava also supports The Hans Foundation, one of the largest charitable organisations in India.