Billions in Change, founded by billionaire Manoj Bhargava, aims to save the world by creating and implementing solutions to the most basic global problems - water, energy and health. Doing so will raise billions of people out of poverty and improve the lives of everyone.
Bhargava estimates that there are around 700 million people in India who do not get power for more than two or three hours a day. This lack of electricity interferes with people's lives and the running of their businesses.
To address this problem Bhargava has created the Free Electric machine, which gives people the power to generate electricity themselves - pollution free. The machine is small, light and simple. Here's how it works: A person pedals a hybrid bicycle. The bicycle wheel drives a flywheel, which turns a generator, which charges a battery. Pedaling for one hour yields electricity for 24 hours with no utility bill, and no exhaust, no waste. Enough electricity is created to power 24 light bulbs, a fan, a phone and tablet charger at the same time.
Billions in Change intends to have two versions of the bike. For people in poorer countries, the bike will be intended just for electricity generation, so it will be priced quite low. Manufacturing for that version will take place in India beginning in early 2016. For people in richer countries, the bike will have a few more bells and whistles, including a lithium-ion battery and more aesthetic features, and will be priced based on the market. Manufacturing for this version will begin in February or March 2016 in the United States. For every bike sold in a rich country, one bike will be given to someone in a poor country.
Source and top image: Billions in Change