Gafni owns several top-of-the-range bicycles which he said are worth thousands of dollars each, but when his own creation reaches mass production, it should cost no more than about $20 to buy. The cost of materials used are estimated at $9 per unit.
"When we started, a year and a half or two years ago, people laughed at us, but now we are getting at least a dozen e-mails every day asking where they can buy such a bicycle, so this really makes me hopeful that we will succeed," he said.
Nimrod Elmish, Gafni's business partner, said cardboard and other recycled materials could bring a major change in current production norms because grants and rebates would only be given for local production and there would be no financial benefits by making bicycles in cheap labor markets.
LINK: Cardboard bicycle can change the world