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- IOTA is reportedly part of an initiative to integrate its technology to deploy 100,000 electric vehicle chargers across India.
- IOTA is already known for its decentralized data verification features, providing scalable blockchain performance for real-world applications.
Salima, a lover of technology and IOTA, has revealed on an X post that an Indian company, whose name is yet to be confirmed, is reportedly planning to expand and leverage the favorable legal frameworks in Malaysia and Singapore to tokenize green infrastructure, specifically EV charging stations and public charging hubs.
This is part of the company’s expansion strategy into countries that are at the forefront of Real World Asset (RWA) regulation.
To put this in perspective, during the 2024–25 financial year, India recorded the sale of over 2 million EVs, reflecting a 15.7% year-on-year growth. By mid-2025, the country had approximately 26,000 to 29,000 public charging stations, equating to just one charger for every 235 EVs.
The project’s focus on Malaysia and Singapore is strategic. In Malaysia, the government has introduced a “Green Asset Tokenization” framework designed to stimulate private sector investment in sustainable infrastructure, including renewable energy projects such as solar farms and EV charging networks.
This offers regulatory clarity and potential incentives for companies that tokenize green assets, making Malaysia an attractive hub for environmentally aligned investment initiatives. According to a white paper by Kenanga Investment Bank Bhd and its partners, the country’s asset tokenization market is expected to grow significantly, potentially reaching US$43 billion by 2030.
Meanwhile, Singapore has established an advanced regulatory sandbox for Real-World Asset tokenization. This sandbox provides a controlled and secure environment for companies to pilot and scale tokenization projects while working closely with regulators.
It allows for the testing of innovative financial products, such as tokenized energy assets, under a progressive and supportive legal framework.
Other Potential Key Players
Salima referenced a message from Moon, an IOTA Foundation ambassador, who also claimed: “An Indian company with 100,000+ EV charging stations is preparing expansion into Malaysia, Singapore, and Europe. The only company that fits those numbers is Bolt.Earth.”
Moon also pointed to the Tata Group as a potential key player due to its close alignment with IOTA’s ecosystem. Tata Motors owns Jaguar Land Rover, which in 2019 partnered with IOTA Foundation to develop smart wallet technology for vehicles.
This allowed drivers to earn credits by having their cars automatically share road condition data with local authorities. The system leveraged IOTA’s distributed ledger technology to enable seamless and secure machine-to-machine payments for these data transactions.
Tata Consultancy Services is active in distributed ledger technology and digital identity through the Global Legal Entity Identifier Foundation and GS1 standards, the same trust layer used by IOTA and Trade Worldwide Information Network (TWIN).
With Tata Power building one of India’s largest EV charging networks, IOTA is at the crossroads of regulatory innovation, technological capability, and industrial scale. Moon then says, “Early partnerships were never dead. They were early. Now the infrastructure phase has begun.”
The price of IOTA has shown a strong short-term reaction, climbing 7.8% in the past 24 hours to reach $0.1415. Despite this daily surge, the token remains 25% lower over the past 14 days, though it is still up 18% compared to the same time last year.
