Polygon and Pyse Launch Tokenized Electric Vehicle Fleets in Dubai, Plan Expansion into India

Polygon Labs, a prominent Ethereum Layer-2 scaling solution, has partnered with sustainable infrastructure startup Pyse to introduce tokenized electric vehicle (EV) fleets in Dubai, marking a significant step in merging blockchain technology with green mobility. This initiative leverages Polygon’s blockchain to enable fractional ownership and real-time data tracking of electric delivery motorcycles, creating a novel model for revenue generation and environmental impact monitoring.

Each electric motorcycle in the fleet is equipped with Pyse’s proprietary DePIN Mining Machine (DMM), which records urban environmental data such as air quality, road conditions, and noise pollution. This data is securely stored on-chain, allowing stakeholders to earn token rewards based on the quality and value of the information collected. The project combines stable income from EV rentals with speculative returns from decentralized data monetization, offering a unique blend of real-world asset (RWA) investment and blockchain innovation.