Billionaire Manoj Bhargava, who made his fortune selling 5-Hour Energy drinks in gas stations and convenience stores across the US, is turning to Asia to commercialize his latest inventions in health, power and water.
Renew Group Pte, the startup owned by Bhargava and partner Ravinder Sajwan, will produce machines to make saltwater drinkable at a new US$120 million ($169 million) plant in Singapore as well as massage bed-like devices aimed at enhancing blood circulation. Separately, in India, Bhargava will begin in March to manufacture and distribute an electricity-generating bicycle for poor households that he plans to sell for as little as US$200.
His decision to move most inventions from his laboratory in suburban Detroit to Singapore reflects the city-state’s all-out efforts to attract global technology firms and build its own version of Silicon Valley. The 62-year-old began discussing the move with officials about three years ago and ultimately agreed because of their ability to get things done quickly.
“They had this facility built, up and running in eight weeks,” Bhargava said, referring to the Singapore plant. “In India, it could take a year. In the US, we would be waiting for the fire marshal.”
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Renew Group Pte, the startup owned by Bhargava and partner Ravinder Sajwan, will produce machines to make saltwater drinkable at a new US$120 million ($169 million) plant in Singapore as well as massage bed-like devices aimed at enhancing blood circulation. Separately, in India, Bhargava will begin in March to manufacture and distribute an electricity-generating bicycle for poor households that he plans to sell for as little as US$200.
His decision to move most inventions from his laboratory in suburban Detroit to Singapore reflects the city-state’s all-out efforts to attract global technology firms and build its own version of Silicon Valley. The 62-year-old began discussing the move with officials about three years ago and ultimately agreed because of their ability to get things done quickly.
“They had this facility built, up and running in eight weeks,” Bhargava said, referring to the Singapore plant. “In India, it could take a year. In the US, we would be waiting for the fire marshal.”
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