Almost really interesting
There isn't any defying of physics going on that I could see but they are certainly going to be bitten by some electromechanical truths and some Newtonian physics reminders. Placing small wind turbines into the airflow on the bike could absolutely generate electricity. The problem they are going to face is the amount of electricity that can be generated. The amount of power required for an application like this tends to be a lot more than people realize. The recent movie about the electric bikes in the Isle of Man TT that is in another thread provides a number of examples of the challenges involved.
Driving relatively large motors for transportation take some rather high amperage at fairly high voltage. Using a mid-range Agni motor as an example (the model 135): max voltage is about 80V and pushing a whopping 170 Amps! giving around 13kW of power which is only about 18HP. that would take a mighty wind indeed.