Polygon Labs has partnered with sustainable infrastructure startup Pyse to tokenize a fleet of electric delivery vehicles in Dubai, aiming for expansion into India’s rapidly growing electric vehicle (EV) market. The initiative utilizes Polygon's blockchain to anchor asset ownership and facilitates real-time data collection through vehicles equipped with a DePIN Mining Machine (DMM), which gathers urban metrics like air quality and road wear. The project addresses financing gaps in green mobility, offering fractional ownership of EV assets with revenue-sharing opportunities based on usage. Following the Dubai rollout, Pyse plans to target last-mile logistics in India, where the EV sector is growing at 18% annually. Gupta from Polygon stated that this model can enable operators to access funding sources beyond traditional institutions. The integration of blockchain allows for dynamic data monetization while ensuring compliance through partnership frameworks. Overall, the collaboration serves not only as an innovation in the UAE but also as a model for broader blockchain implementation in India once regulatory frameworks mature.

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