Polygon Labs and sustainable infrastructure startup Pyse have launched a compelling blockchain-based electric vehicle (EV) initiative in Dubai

The project tokenizes an entire e-motorcycle fleet, anchoring ownership records and valuable real-time data collection onto Polygon’s Ethereum Layer-2 network.

Polygon Labs and sustainable infrastructure startup Pyse have launched an initiative in Dubai to tokenize an entire e-motorcycle fleet.

The project is powered by Polygon and aims to bring new use-cases to the blockchain space.

Pyse’s DePIN Mining Machine (DMM) in each vehicle will collect urban environmental and infrastructure data (air quality, noise levels, and road surface conditions).

This initiative marks a significant step toward tokenized Real-World Assets (RWAs) and has the potential to be expanded to India.

Polygon Labs and sustainable infrastructure startup Pyse have teamed up to launch a unique blockchain-based electric vehicle (EV) initiative in Dubai, with potential expansion plans to India.

The project focuses on tokenizing an entire e-motorcycle fleet, anchoring ownership records and valuable real-time data collection onto Polygon’s Ethereum Layer-2 network.

This collaboration marks a new era of RWAs, starting with EV bikes.

Each Dubai vehicle uses Pyse’s DMM to collect a range of urban environmental and infrastructure data (air quality, noise levels, and road surface conditions), feeding this information directly to the blockchain.

The collected data is then effectively monetized using token-based reward systems governed by various partner protocols.

Polygon’s Aishwary Gupta confirmed the platform prioritizes RWA tokenization, aiming “to support the integration of any asset that can be brought on-chain.”

Pyse co-founder Harshit Garg described it as blending sustainable asset income with decentralized data monetization, where DMMs reward only valuable inputs.

Key stakeholders like insurers, logistics firms, and OEMs will be able to access Dubai data, with compensation varying by utility.

Gupta contrasted this dynamic live-use vehicle plus real-time data yield model as an innovative step beyond static RWAs like real estate for blockchain integration.

Despite the largely uncharted territory for crypto in India, Gupta explained that Polygon’s role in the project is limited to providing blockchain infrastructure.

Pyse is also responsible for managing compliance matters.

Following the Dubai launch, Pyse plans to introduce its EV data-mining model to India. The company initially focuses on last-mile delivery operations, with plans to scale into ride-hailing and mid-mile logistics.

Garg noted that India’s fragmented B2B EV market and limited financing options qualify it for blockchain-enabled funding solutions.