A billionaire from India has created a stationary bike that could power millions of homes worldwide. The businessman said that he will be giving his money to fix the world's problem in energy shortages, and is set to distribute 10,000 Free Electric battery-equipped bikes in India in 2016.

Manoj Bhargava, who created the famous 5-hour Energy drink, says that he already has more money than he needs, which inspired him to provide the bikes for people living without electricity. The bikes were designed to generate electricity for lights and appliances for an entire day through one hour of pedalling.

The National Geographic reported that Bhargava is currently also working on innovations to make saltwater drinkable, recirculate blood in the body and to use graphene cord to generate limitless amounts of geothermal energy. Before becoming a businessman, Bhargava dropped out from Princeton University because of being bored and decided to stay in India for 12 years.

“If you have wealth, it’s a duty to help those who don’t,” he said in a documentary released on Monday, titled “Billions in Change.” “Make a difference in people’s lives. Don’t just talk about it,” Bhargava added.

The idea of Bhargava has “huge potential and opportunity for rural households” said Frontier Markets CEO Ajaita Shah, who creates solar lamps and lighting kits in India. Shah said that she aims to test the bikes with their company’s rural customers in the future.

The bike was designed to be simple that even a typical “bicycle repairman anywhere can fix it,” the National Geographic quoted Bhargava. The bike will work by creating electricity in a turbine generator through pedalling and storing it in a battery to be used for the entire day.

In early 2016, Bhargava plans to test the first 50 bikes in 15 or 20 small villages in the state of Uttarakhand in India, before larger distribution of the bikes. However, Bhargava said that the bikes will not be for free as people might not take care of it if it’s given free.

The businessman plans to incentivise its distributors with profits or by allowing villages to buy one bike with multiple batteries that can be swapped to power individual homes.

Aside from providing electricity through the Free Electric battery-equipped bikes, Bhargava has also been pursuing a medical device that can be an auxiliary heart, called Renew, the USA Today reported. He is also developing another device capable to convert 1,000 gallons an hour of any kind of water into potable water to address drought.

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