Here at Inhabitat, we’re big fans of innovative interior design-duo Molo, so we were psyched when they sent us news of their latest awesome paper lighting invention – the Molo Hobo Lantern! An all-in-one hobo bag and light source, this yet-to-be sold beauty from the Molostore features energy efficient LED lighting that glows softly through the bag’s translucent fibres. We love idea of a portable lamp and the totebag-like form makes it an extremely convenient way to always have a source of light with you.

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Inspired by Zona Tortona’s nightlife during design week, the green light definitely trumps less fashionable handheld LED flashlights. Available online fin black, grey, or white for $100, these eco-friendly lanterns can be carried everywhere, hung up, or set down. Preorders are being accepted for shipping on April 12, 2011 to coincide with the first day of design week in Milan.

+ Molostore