Israeli Cardboard Bicycle Mastermind Seeks Crowdfunding for Mass Production

Screen shot of Israeli inventor Izhar Gafni riding his cardboard bicycle. Photo: Vimeo.

Screen shot of Israeli inventor Izhar Gafni riding his cardboard bicycle. Photo: Vimeo.

An Israeli inventor who made waves with his new creation is now looking for a few good men to back its production,NoCamels.com reports.

Izhar Gafni’s cardboard bicycle became a hit last year after he posted a video online. Now he and his business partner, Nimrod Elmish, are looking for $2 million dollars through crowd-funding site Indiegogo so that they can offer it to everyone.

The bicycle is made primarily of cardboard (other materials include recycled tires and plastic bottles). Another bonus is its cost: it’s only $9-12 to manufacture, and will retail for $30 or less.

“Imagine a time when every plastic or cardboard product that is thrown into the recycle bin will contribute to the creation of a bicycle, wheelchair or toy,” he explains. “Basically the idea is like Japanese origami, but we don’t compress the cardboard and we don’t break its structure. We overcome the cardboard’s failure points by spreading out the weight to create durability.”

In addition to this durability, the bicycle offers a very necessary green transportation solution to less developed nations. According to Elmish, “our product not only uses garbage to create something of value, but also helps in building a recycling culture in developing countries.”

 

 

 

Watch a video about the bike below:

Source: The Algemeiner

Link: http://www.algemeiner.com/2013/06/26/israeli-cardboard-bicycle-mastermind-seeks-crowdfunding-for-mass-production-video/

HEADLINE NEWS

FortuneUncensored Social Network Gab Raises $1 Million in Crowdfunding CampaignFortuneA crowdfunding campaign for Gab, a Twitter-like social network that touts its commitment to freedom of speech, surpassed $1 million yesterday. The company claims it is politically neutral and committ [...]

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

Baltimore SunHarford still opposes crowdfunding sites for school donationsBaltimore SunRaising money through online crowdfunding sites is an ideal way for teachers to find the funds to purchase classroom materials and should be restored, the head of the Harford County teachers' u [...]

Crain's Cleveland Business'Smaller' gifts can go long way for Clinic's crowdfunding platformCrain's Cleveland BusinessFor an institution accustomed to securing multimillion-dollar donations, Cleveland Clinic's latest fundraising effort has some relatively [...]

FortuneDreamHost Sets Up Crowdfunding Page to Aid Trump Government FightFortuneThe Los Angeles-based web host DreamHost, which is fighting the Department of Justice over its attempt to seize records of visitors to an anti-Donald Trump website, has launched a crowdfunding campaign to a [...]

DualShockersBounty Battle Rolls out the White Carpet with Successful Crowdfunding CampaignDualShockersWhen we last checked in with the indie-obsessed fighting game, Bounty Battle, it was halfway through its $30,000 crowdfunding goal. Now with 3 days left to go, it's surpassed thi [...]

ForbesWhat Works In Equity Crowdfunding -- Insights From ResearchForbesAs we have recently celebrated the fourth anniversary of the signing of the JOBS Act into law, it is a good time to take stock of the effect that the legislature had on equity crowdfunding in the United States. It [...]

Deccan ChronicleHow to make crowdfunding work?Deccan ChronicleVarun, based on his experience, also says, that people new to crowdfunding should not be complacent with their campaigning — “I've seen a lot of people, who just think that crowdfunding is free money. They have a very [...]

LITTLE GUIDANCE FROM IRS ON TAXING CROWDFUNDING CONTRIBUTIONSBloomberg BNAWhether it's a musician raising money to produce an album, an inventor with a great idea, or a family in distress that needs help, crowdfunding through platforms such as Indiegogo and Kickstarter has become [...]

Brick City LiveWOMEN-FOCUSED CROWDFUNDING PLATFORM IN NEWARK IS ACCEPTING ITS FIRST COHORT OF ...Brick City LiveA new women-focused crowdfunding platform has just launched in Newark and is accepting businesses into its inaugural cohort. iFundWomen is a crowdfunding platform specifical [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |