Envoy and LACI Collaborate to Bring Electric Car Sharing Across New Jersey Through $8.5 Million NJDEP-Funded Initiative

(NASDAQ:DAIC) Dot Ai, through its wholly owned subsidiary Envoy, announced the launch of its shared electric vehicle (EV) car-sharing model in New Jersey, in collaboration with the Los Angeles Cleantech Incubator (LACI). The initiative is supported by an $8.5 million grant from the New Jersey Department of Environmental Protection (DEP) through its eMobility Grant Program. Deployments are expected to begin in the coming weeks, with the program aiming to bring up to 30 electric vehicles to cities across Hudson County and Bergen County. The service will allow residents to access EVs by the hour or day, eliminating the need for vehicle ownership, insurance, and maintenance costs. This program builds on Envoy and LACI's previous work in California, including pilots in Los Angeles's Rancho San Pedro and Pacoima neighborhoods. The Rancho San Pedro program demonstrated that community-based EV car-sharing services can support their operating costs through resident use. The New Jersey initiative is the first expansion of the partnership outside California and is a key project in LACI’s City Climate Innovation Challenge. Drew Hopkins, President of Envoy, stated that expanding access to EVs supports New Jersey's commitment to sustainable transportation. Matt Petersen, President & CEO of LACI, highlighted the program's role in increasing access to charging infrastructure and zero emission vehicles. Robin Heston-Murphy, Chief of the Bureau of Mobile Services at DEP, emphasized the importance of bringing clean transportation to all residents, regardless of income or zip code. LACI is the recipient of the $8.5 million grant and has engaged Envoy to develop and operate the car-sharing services. Envoy and LACI are evaluating multiple potential sites across the state, including affordable housing and market-rate residential properties, and are inviting hotels, workplaces, and mobility investors to participate. LACI has helped 537 portfolio companies raise over $1.5 billion in funding, generated $477 million in revenue, and created more than 3,000 jobs in the Los Angeles region, with a long-term economic impact of more than $733 million.