Is There A Cardboard Bike in Your Future?

Will this bike soon become the cheapest to hit the shelves at our bike shop near Weslaco?
A new design for a bicycle from an entepreneur Izhar Gafni, out of Israel, is made from light-weight, durable, eco-friendly, inexpensive, and waterproof cardboard! That's right, you heard that right.
Gafni wanted to create a bicycle that would be too inexpensive to be vulnerable to theft, and began experimenting with building a bicycle out of cardboard boxes. Though he was met with skepticism from engineers, her persevered and now has a working model- an actual bicycle made from cardboard.
The bicycle prototype may still undergo changes, but currently the production cost is between $9 and $12 per bike. Gafni has not yet found a manufacturer for the bikes, so it is uncertain what the total cost will be, but Gafni says it will cost less than $90 off the shelf.