Envoy Drives East Coast Expansion Forward with $8.1 Million Grant-Funded New Jersey Initiative
Key Highlights
- ➤$8.1 million grant-funded initiative expands Envoy EV car sharing across underserved New Jersey communities
- ➤Envoy provides vehicles, insurance, maintenance and operations at no cost to participating buildings
- ➤Dot Ai (DAIC) acquired Envoy for $65 million, supporting broader U.S. expansion
- ➤Rancho San Pedro resident revenue grew to cover Envoy’s full operating costs
Expert Statements
Drew Hopkins, President of Envoy
“We want to make it easier for New Jersey property owners to bring electric car sharing directly to their residents, without the cost or complexity of operating the service themselves”
Drew Hopkins, President of Envoy
“We provide the vehicles, manage the operations and make the service accessible through our app. Now we're looking for communities ready to bring that opportunity to their residents.”
Property owners and housing providers are invited to nominate locations for Envoy's fully managed electric vehicle car-sharing service, supported by a broader $8 million grant-funded initiative.
JERSEY CITY, NEW JERSEY, Oct. 19, 2026 (GLOBE NEWSWIRE) -- 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) (link), (“Dot AI”) is inviting residential property owners and housing providers across New Jersey to nominate locations for its expanding electric car-sharing service. Participating properties will have the opportunity to offer residents access to shared electric vehicles at no cost to the building, with Envoy providing the vehicles and managing insurance, maintenance and day-to-day operations.
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