Polygon collaborates with Pyse to launch an electric vehicle tokenization project in Dubai, planning to enter the Indian market.

2025-04-23 15:53:10

Abstract generation in progress

According to a report by Decrypt on April 23, the deep tide TechFlow news states that Polygon has partnered with sustainable infrastructure startup Pyse to launch a tokenization electric delivery fleet project in Dubai. The project anchors vehicle ownership and real-time data collection on the Blockchain. Each electric motorcycle is equipped with Pyse’s proprietary Decentralization Physical Infrastructure Mining Rig (DMM), which collects urban data such as air quality, road wear, and noise pollution during daily deliveries.

The project is currently operational in the UAE and plans to enter the Indian electric vehicle market. Harshit Garg, co-founder of Pyse, stated that the B2B electric vehicle and last-mile logistics market in India is relatively fragmented and underfunded, and a blockchain-based model can help operators access more financing channels. The project combines a model supported by physical assets and decentralized data incentives, allowing participants to earn returns from both asset and data outputs.

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