Yes it is Bamboo

href="http://www.latimes.com/la-bamboobikes-pg,0,860767.photogallery?coll=la-default-underdog">i-b4563ea8c4a07666c51308dfdd35658d-bamboo_bike.jpg



The href="http://www.latimes.com/news/local/la-me-bamboo18jun18,0,7672267.story?coll=la-home-center">inventor
hopes to see them become commonplace in the third world.
 Strange, because the frame alone costs $2,700 in the USA.
 



However, the frames can be made with no power tools.  The
material is cheaper than dirt.  (Pound for pound, compared to
potting soil.)  Get a few folks who have time on their hands
and a bit of skill, and they could start a business.
 Presumably they would be a lot less than $2,700 under those
circumstances.
 


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