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

According to ChainCatcher news reported by Decrypt, Polygon has partnered with sustainable infrastructure startup Pyse to launch a tokenized 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 decentralized physical infrastructure mining machine (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. Pyse co-founder Harshit Garg stated that India's B2B electric vehicle and last-mile logistics market is fragmented and underfunded, and a blockchain-based model can help operators access more financing channels. The project combines a model supported by physical assets with decentralized data incentives, allowing participants to earn returns from both asset and data outputs.