MANTRA and Pyse have joined forces to transform last-mile delivery in the UAE with tokenised electric motorcycles, promoting sustainability in the process.
The future of sustainable delivery in the UAE is taking shape through a partnership between MANTRA, a prominent layer one blockchain specialising in real-world asset (RWA) tokenisation, and Pyse, a sustainability-focused RWA platform.
Together, these organisations aim to transform last-mile delivery with the deployment of tokenised electric motorcycles, beginning this December in Dubai.
A green revolution in delivery services
MANTRA and Pyse’s partnership aligns with Dubai’s vision for sustainability and the adoption of green technologies.
Pyse’s initial roll-out will feature striking pink electric motorcycles that will enhance delivery efficiency while reducing environmental impact.
By the end of 2025, Pyse plans to tokenise more than 10,000 electric motorcycles on the MANTRA Chain, transforming the delivery sector across the UAE with environmentally-conscious alternatives.
The initiative provides a more sustainable delivery model and supports Dubai’s ambitious sustainability goals, contributing to reduced carbon emissions in the logistics and food delivery sectors.
Kaustubh Padakannaya, Co-founder of Pyse, states: “Dubai’s logistics and food delivery sector is on the brink of an electric revolution.
“Our partnership with MANTRA allows us to tokenise the leasing of electric motorcycles, making them accessible to retail audiences. This initiative celebrates Dubai’s sustainability goals while providing affordable mobility for all the rider heroes.”
Pyse’s vision for clean energy and mobility
As a leader in clean and green asset financing, Pyse specialises in renewable energy and EV fleet financing. The platform employs a fractional ownership model to make green real-world assets more accessible to investors.
The approach has already proven effective, offsetting more than 20 million kilograms of CO2 annually through innovative financing solutions for businesses in the UAE and India.
Pyse’s focus on sustainability aligns seamlessly with MANTRA’s mission, creating a powerful synergy for deploying EV motorcycles. The partnership marks a significant step toward addressing environmental challenges while making sustainable delivery solutions accessible and affordable.
MANTRA: Empowering RWA tokenisation
At the heart of this collaboration is MANTRA, a blockchain built specifically to meet the evolving demands of real-world asset tokenisation.
The MANTRA Chain supports compliance with real-world regulatory requirements while providing advanced technology modules, cross-chain interoperability and a permission-less framework for developers and institutions.
The infrastructure positions MANTRA as a key player in enabling sustainable innovations in the blockchain ecosystem. Through its incubator programme, launched in June 2024, MANTRA provides mentorship and support for projects like Pyse, accelerating the adoption of blockchain-based RWA solutions.
John Patrick Mullin, CEO and co-founder of MANTRA, says: “As the demand for eco-friendly delivery solutions in the region rises, this partnership positions MANTRA Chain and Pyse at the forefront of bringing quality and purposeful RWAs on-chain.
“The deployment of these eye-catching pink EV motorcycles marks a significant step towards achieving Dubai’s ambitious sustainability goals.”
Looking ahead: Scaling the impact
The partnership between MANTRA and Pyse is more than just a step forward in sustainable deliveries; it represents a new era for green technology in the region.
The pink electric motorcycles, first showcased during Binance Blockchain Week in October 2024, symbolise this transformation.
With a target to tokenise 10,000 vehicles by 2025, the collaboration aims to redefine last-mile delivery while substantially contributing to global sustainability goals.
MANTRA and Pyse set a precedent for how innovation can drive environmental and economic progress by merging blockchain technology with clean energy solutions. The partnership promises to create a greener, more efficient delivery ecosystem in the UAE—one electric motorcycle at a time.
