Thought you might be interested:

http://www.thedenverchannel.com/news/19852471/detail.html

Eco-Friendly Bamboo Bicycles Ready To Take Off
CSU Grad Students Say They've Created The Bicycle Of The Future

FORT COLLINS, Colo. -- Two Colorado State University graduate students say they have created the bicycle of the future -- an organic bicycle made primarily from bamboo grown on plantations in Mexico’s Yucatan Peninsula.

Jacob Castillo and John McKinney are both MBA candidates in CSU’s Global Social and Sustainability Enterprise program and co-founders of Panda Bicycles.

McKinney came up with the idea to create bamboo bicycles after making a trip to the Yucatan Peninsula as part of a summer program to build sustainable housing for Mexican villages. McKinney wanted to use bamboo to build the houses, but discovered that the species of bamboo that he had in mind was too small.
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"I got back home from my summer trip and I was thinking, 'I wonder what we can do with this,' and I looked at my bike and thought, 'Why not make bamboo bikes?'" said McKinney.

It turns out the idea was not entirely new. A small number of bamboo bicycles have been designed as novelties and sell for anywhere between $3,000 and $10,000.

But McKinney and fellow student Castillo wanted to create a sustainable bamboo bicycle for everyday use, one that would retail for under $1,000.

After McKinney returned from Mexico, he partnered up with Castillo and founded Panda Bicycles. Using the strongest species of bamboo from Mexico, Castillo asked a friend to design a prototype. They claim the result is as strong as any steel bicycle.
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