Polygon and Pyse to Launch Tokenized EV Fleet in Dubai

• Polygon partners with Pyse to launch tokenized EV fleets in Dubai soon.
• The upcoming project aims to link real-world mobility data to blockchain.

Polygon Labs has partnered with Pyse, a startup focused on sustainable infrastructure, to introduce a fleet of tokenized electric motorbikes in Dubai. This project not only carries the concept of eco-friendly transportation, but also brings blockchain technology directly to the city streets.

Each vehicle is equipped with sophisticated devices to collect environmental data, such as air quality to noise, which will later be stored on-chain and can be tracked in real-time.

A new era of RWAs is here, and it starts with EV bikes. Here's why it matters
<1/12> pic.twitter.com/dJ5MVVReGE

— Pyse (@PyseEarth) April 23, 2025

More interestingly, the data collected from these electric motorbikes is not only stored neatly on the server. They can be monetized. So imagine if every time the motorbike passes through a dusty road, its owner gets a token. Funny, huh? But that’s where the innovation lies. Pyse calls this device the DePIN Mining Machine.

This concept opens up opportunities for fractional vehicle ownership, which means that electric motorbikes can be owned together like chipping in to buy a boarding house, but in a digital version.

Polygon Doubles Down on Real-World Asset Integration

This collaboration adds to Polygon’s long list of strategies to bring real-world assets to the crypto world. Polygon CEO Marc Boiron said directly on April 15, 2025, that, “Integrating real-world assets into DeFi is important. Polygon has a role to play in driving global Web3 adoption.”

In recent months, Polygon has indeed been aggressive. They introduced Agglayer, a settlement layer that enables fast transactions and interconnected networks.

Not only that, through the Agglayer Breakout Program, Polygon also provides funding and support for new projects. If successful, the project will distribute some tokens to POL stakers, and automatically enter the Agglayer ecosystem. In essence, Polygon wants its network to be not only busy, but also of high quality.

Dubai as the Gateway, India as the Destination

Why Dubai? Because there, technology-friendly policies and EV adoption are growing rapidly. But their plans don’t stop there. Polygon and Pyse also intend to expand to India. The country is on the rise in the EV sector, with annual market growth of over 18%.

Moreover, Polygon itself already has a strong presence in India thanks to its strategic partnership with Jio Platforms since January 2025. This partnership allows Polygon’s technology to be used to serve more than 450 million Jio users. Imagine the network effect of that magnitude when combined with the vehicle tokenization project.

On the other hand, Polygon also has a sweet record in the real-world asset sector. As we previously reported, the Courtyard digital platform, built on the Polygon network, managed to record transactions worth $42.66 million from digital Pokemon cards alone. This means that the enthusiasm for tokenizing physical objects is real. More than 11 thousand users have NFT Pokemon cards from the platform.

Meanwhile, as of the writing time, POL is swapped hands at about $0.2472, up 11.47% over the last 24 hours and 33.73% over the last 7 days.