WASHINGTON (TIP): Indian American billionaire Manoj Bhargava plans to distribute 10,000 stationary bikes to India in a concerted effort to provide electricity for millions of households.
Manoj Bhargava, 62, plans to test the first 50 bikes in 15 or 20 small villages next year in Uttarakhand, before large-scale distribution commences.
According to Bhargava, who accrued his colossal fortune by creating the now ubiquitous 5-Hour Energy drinks, just one hour of pedaling on one of his bikes will provide lights and basic appliances with energy for an entire day.
“This is going to affect a few billion people,” Bhargava said, according to NDTV. The primary hurdle bearing down on the project is distribution, and how to incentivize distributors with profits.
Ideally, if need be a village could pool its resources to buy one bike that could then be used to charge multiple batteries that could be swapped out of different homes.
Regardless of the personal cost, Bhargava, whose family moved to the US in 1967, is set to distribute 10,000 free electric battery- equipped bikes in India next year.
Bhargava’s Stage 2 Innovations laboratory in Farmington Hills, Mich. is responsible for several innovations that are geared specifically toward alleviating critical issues facing the world’s population.
Several practical inventions created by engineers at Stage 2 Innovations are based on relatively simple technologies that have been around for decades, but adapted to be more compact, mobile or efficient, reported USA Today.
He also has scientists in Michigan and Singapore delving into the graphene, which is 100 times more conductive than copper and 207 times stronger than steel by weight, according to Laptop Magazine.