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@tynan
"And because it is made of cardboard, it will also be cheap. Gafni’s business partner Nimrod Elmish told Reuters that he expects the bike to sell at retail stores for $20."
Excellent, at last, a £12 bike !
Let's try and budget this breakthrough.
Tyres £1 each (£2).
Inner tubes? 50p each (£1)
Saddle £1
Pedals - 50p each (£1)
Front brake calliper - £2
Brake cable - 50p
Frame - 50p
Forks - 50p
Cranks - £1
Chainring and chain (or equivalent) - 50p
Wheels - £1 each.
Seat-post, stem, headset, handlebars, grips, break levers, bottom bracket - 50p
Labour, manufacturing costs (including wages), paint job, bolts, chain/belt, hubs - 50p
Seems reasonable enough to me, £12 for a working bike, I just hope they can deliver this without cutting any corners.