The invention discloses a novel bicycle type electric generator. The novel bicycle type electric generator comprises a bicycle frame, a first power generation wheel is rotatably connected to the lowerend of the bicycle frame, and a storage battery is arranged on one side of the first power generation wheel. A second power generation wheel is arranged on one side of the storage battery, and a rotating shaft is rotatably connected to the front surface of the second power generation wheel. A support plate is arranged above the second power generation wheel, and a wind power generation support rod is fixedly connected to the upper end of the support plate. By fully utilizing electric energy generated by the first power generation wheel and the second power generation wheel in the riding process of a user, the energy utilization rate is improved; wind generated by a bicycle during driving is converted into the electric energy to be stored in the storage battery by using a wind wheel, so that the charging time of the storage battery can be reduced; and the rotation speed of a permanent magnet magnetic pole is changed by the engagement of second gears and a third gear, so that the outputpower of the first power generation wheel and the second power generation wheel can be stabilized.