When unveiling the bicycle Bhargava said pedaling turns a flywheel that spins a generator that charges an attached battery. 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 without electricity bills, fuel costs or pollution.
Bhagara said he discussed the product with PM Narendra Modi a while ago, but he admits he is not very keen on collaborating with the government as their efficiency is not on par and the decision making is very slow.
The bicycle that is estimated at between Rs.12,000 – 15,000 will be available by March next year. It will be manufactured in India at some industrial houses, and in the US as well.
Bhargava whose net worth is at around $4 billion has pledged 99 percent of his fortune to finding solutions that can help people across the world. He also supports The Hans Foundation one of he largest charitable organisations in India.