Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 10

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 10
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 of Fly E -Bikeby issuing its shares to the stockholders of Fly E -Bikeon a one -for -onebasis (the “Share Exchange”). As a result of the Share Exchange, Fly E -Bikebecame a wholly owned subsidiary of Fly -EGroup. Fly -EGroup has no substantive operations 3 other than holding all of the issued and outstanding shares of Fly E -Bikeand Fly EV, Inc. Our business is primarily conducted through Fly E -Bikeand its subsidiaries. Fly EV, Inc. is a Delaware corporation incorporated on November 1, 2022 and currently has no substantive operations. Our Industry The EV industry has been experiencing significant growth and innovation in recent years. With the advancement of technology and the increasing demand for environmentally friendly transportation options, E -bikes, E -motorcyclesand E -scootershave become popular choices for commuting, leisure and sports. As the demand for sustainable transportation options continues to grow, the EV industry is poised for further growth and development. Some of the major trends driving the growth of the EV industry include the increasing demand for sustainable transportation options, advancements in battery and motor technology, and the growing popularity of E -bikesharing services. Government incentives and regulations, such as tax credits and subsidies for the purchase of EVs, are also driving the growth of the industry. City bikes and city E -bikesare popular in big cities in the United States, such as New York City, Miami and Dallas. There is also a growing popularity of E -scootersas an increasing number of EV merchants are launching their businesses in these cities. New York City is a major commercial hub and the largest metropolitan area in the United States. As a result, the volume of small package deliveries in New York City is remarkably high, and it has continued to grow over the years. With the rise of E -commerceand online shopping, more and more people in New York City are relying on package deliveries for their everyday needs, leading to a significant increase in small package delivery volume. The COVID -19pandemic has further accelerated this trend as more people have turned to online shopping. The high volume of package deliveries in New York City has led to concerns about traffic congestion and delivery vehicle emissions, which the city is working to address through initiatives such as congestion pricing and EV incentives. For short -distancedeliveries within urban areas, E -bikedelivery can be a more efficient and environmentally friendly option compared to truck delivery. E -