A post on an alternative material bike is nothing new. Enter the Izhar Bike project. What makes this bike different is the claimed $9 - $12 production cost. This bike is designed by Izhar Gafni, and the intense design process resulted in a strong, cheap bicycle:
A quick search turned up a lot of good press on this bike. Hopefully we'll see it put to good use in the future!
Rendering of the bike
The bike is supposed to be a great cheap way for people to get around using alternative and recycled materials.
Light and functional