Polygon Labs and Pyse Partner to Tokenize Electric Mobility, Target India Expansion

In a move to advance real-world assets (RWAs) on the blockchain, Polygon Labs has announced a collaboration with Pyse’s electric motorcycle fleet, which is currently operating in Dubai’s food delivery sector. The partnership marks a step toward integrating sustainable mobility with blockchain technology and sets the foundation for an ambitious expansion into India, a country increasingly committed to electric mobility and decentralized technologies.

Pyse, known for enabling retail investors to own fractional shares of sustainable and clean energy assets, is bringing its RWAs on-chain through this collaboration. The integration with Polygon’s blockchain infrastructure aims to unlock new levels of transparency, operational efficiency, and fractional ownership opportunities in green mobility. For Polygon, supporting Pyse is part of a broader strategy to build a strong RWA ecosystem, positioning Pyse as a flagship product within that vision.

According to the press release provided to Crypto India Magazine, Beyond electrifying last-mile logistics, Pyse is introducing an innovation called the Depin Mining Machine (DMM), which will transform its fleet of electric motorcycles into mobile data collection nodes. This technology allows decentralized physical infrastructure networks (DePIN) to gather urban data such as air pollution, noise levels, and road conditions, while minting their native tokens through the same network.

“Our collaboration with Polygon represents a pivotal moment for Pyse as we bridge the gap that exists with the financing of green assets,” said Kaustubh Padakannaya, Co-Founder and CEO at Pyse.

He emphasized that the partnership would not only accelerate the deployment of electric motorcycles in Dubai but also pave the way for new DePIN applications that extend the fleet’s utility.

Aishwary Gupta, Global Head of Payments and Liquidity at Polygon, highlighted the growing relevance of RWAs and DePIN models for Polygon’s strategy. He noted that India’s expanding focus on electric mobility and sustainable infrastructure creates fertile ground for deploying similar blockchain-driven models, offering impactful investment opportunities and promoting large-scale adoption of green technologies.

The timing appears favorable. India’s electric vehicle market is projected to grow by 18% annually, driven by a young, environmentally conscious consumer base. By introducing blockchain-powered fractional ownership and real-time data solutions, Pyse and Polygon could help accelerate India’s green transition, offering a new model for investing in sustainable infrastructure while supporting national climate goals.

As both companies gear up to explore the Indian market, their collaboration could signal a broader shift in how green assets are financed, deployed, and integrated into decentralized networks. The initiative reflects a growing trend of using blockchain to not just tokenize real-world assets but to build data-driven, participatory ecosystems around them — a model that could define the next chapter of sustainable urban development.

Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by the Editorial Team.

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