Dot AI Unit Envoy To Launch Shared EV Model To New Jersey With $8.5M Grant From NJ Department of Environmental Protection

 Envoy, a provider of on-site electric vehicle car-sharing services and a wholly owned subsidiary of CID HoldCo, Inc., doing business as Dot Ai (NASDAQ:DAIC) ("Dot Ai"), today announced that it is bringing its shared EV model to communities across New Jersey through a collaboration with the Los Angeles Cleantech Incubator ("LACI"), supported by an $8.5 million grant from the New Jersey Department of Environmental Protection ("DEP") through its eMobility Grant Program. With deployments expected to begin in the coming weeks, the initiative aims to bring up to 30 electric vehicles to New Jersey cities across Hudson County and Bergen County, giving residents flexible access to EVs by the hour or day, without the ongoing financial commitments associated with vehicle ownership, including vehicle payments, insurance and maintenance.

The program builds directly on Envoy and LACI's prior work deploying affordable EV mobility in California’s disadvantaged communities, including community car-sharing pilots in Los Angeles's Rancho San Pedro and Pacoima neighborhoods. The Rancho San Pedro program demonstrated the potential for community-based electric vehicle car-sharing services to support their operating costs through resident use. New Jersey marks the partnership's first expansion outside California, and a key project in LACI’s City Climate Innovation Challenge, which helps cities integrate innovative emissions reductions that meet a municipality’s specific needs.