Singapore-based blockchain mobility project MVL is seeking a $100 million investment to fund its expansion into the U.S. ride-hailing market via its subsidiary TADA. The company plans to launch services in New York by June 2026, marking a significant entry into one of the world's most competitive transportation markets.
Strategic Context: Model: MVL operates a blockchain-integrated ecosystem that records vehicle data, maintenance history, and transaction records on-chain, aiming to create transparent incentives for drivers, passengers, and service providers.
U.S. Ambition: The move represents a major geographical and strategic leap, testing its token-based reward and data model in a high-density, regulated market.
Funding Purpose: The capital will be used for market entry, driver acquisition, regulatory compliance, and technology integration in the U.S.
Significance: If successful, MVL’s expansion could serve as a real-world test case for blockchain’s utility in large-scale, real-world mobility networks, moving beyond theoretical use into mainstream operational application. The entry into New York—a market dominated by Uber and Lyft—will also be a major benchmark for the viability of decentralized alternatives in on-demand transportation. $BTC $ETH $BNB #BTC #MWAM_Crypto
