Close X
Friday, September 20, 2024
ADVT 
India

After 5-Hour Energy, Indian-American Billionaire Backs Free Electricity

Darpan News Desk IANS, 28 Nov, 2015 02:59 PM
  • After 5-Hour Energy, Indian-American Billionaire Backs Free Electricity
Manoj Bhargava, the Indian-American billionaire philanthropist who shot to fame with his 5-Hour Energy drink, has unveiled a stationary bicycle that can generate electricity.
 
"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 next year.
 
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.
 
Mr Bhargava said he had a discussion about the product with Prime Minister Narendra Modi.
 
"I had a discussion with Modiji about a year ago," he said.
 
Mr Bhargava was also not very enthusiastic about collaborating with government departments.
 
 
"...if I go to a government department...they are not bad people but efficiency is zero. Besides, it will take six months to decide which department of the government should help me out," he said.
 
Mr Bhargava said he will first start selling the product in Uttarakhand and later target rest of the domestic market.
 
He also said that Uttarakhand is a power surplus state but households face electricity shortages and this product can help them meet their basic requirements.
 
He added that the product will be manufactured in India at the facilities of some industrial houses, as well as in US.
 
The product would have one model where the user can also measure the calories burnt while using it.
 
These kind of products are especially useful for the 1.3 billion people around the world who do not have access to electricity, he said.
 
Mr 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.
 
Mr Bhargava also supports The Hans Foundation, one of the largest charitable organisations in India.

MORE India ARTICLES

Dussehra Special: Where Ravana's Effigy Isn't Burnt

Dussehra Special: Where Ravana's Effigy Isn't Burnt
Locals believe that Ravana was devotee of Lord Shiva and burning his effigy will invite the wrath of Lord Shiva, the Hindu god of destruction.

Dussehra Special: Where Ravana's Effigy Isn't Burnt

Congress Attacks BJP For Rahul Photo Remark

Congress Attacks BJP For Rahul Photo Remark
No one indulges in photo opportunities more than Prime Minister Narendra Modi, Congress spokesman Abhishek Manu Singhvi told the media.

Congress Attacks BJP For Rahul Photo Remark

Indian Beauty Priyanka Khurana Goyal Wins Mrs. Earth 2015 Pageant

Indian Beauty Priyanka Khurana Goyal Wins Mrs. Earth 2015 Pageant
Priyanka, who won the Mrs. India, Queen of Substance 2015 title in February, was crowned as Mrs. Earth 2015 at a ceremonyd at Grand Palladium Jamaica Resort & Spa 

Indian Beauty Priyanka Khurana Goyal Wins Mrs. Earth 2015 Pageant

Justin Trudeau's Deficit Plans Won't Be Followed In B.C., Says Finance Minister Mike de Jong

British Columbia's mayors are expected to jump in line for some of the cash Justin Trudeau's federal Liberals have promised to put toward rebuilding Canada's crumbling infrastructure.

Justin Trudeau's Deficit Plans Won't Be Followed In B.C., Says Finance Minister Mike de Jong

Uber Rape Case: Cab Driver Convicted, Sentencing On Friday

Uber Rape Case: Cab Driver Convicted, Sentencing On Friday
Police said Yadav drove the woman, who lived in Inderlok area of central Delhi, to an isolated place and raped her.

Uber Rape Case: Cab Driver Convicted, Sentencing On Friday

15-Years-Old Too Must Get Death For Rape: Arvind Kejriwal

15-Years-Old Too Must Get Death For Rape: Arvind Kejriwal
Juveniles who are 15 years old too must get death penalty if they commit rape, Delhi Chief Minister Arvind Kejriwal said on Monday.

15-Years-Old Too Must Get Death For Rape: Arvind Kejriwal