Umbrella 2.0

The Lotus 23 is a umbrella designed to retract into its handle, and has flexible ribs so that damage caused by wind and even severe storms is eliminated. It also squeezes the water out before you enter a building The Lotus 23 earned Andy Wana the gold in the 2005 Australian Design Award-Dyson Student Award

- Lotus 23

[Via. Engadget]