Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 79

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 79
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 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 -bikescan navigate through congested city streets, often taking shorter routes that trucks cannot access, and deliver packages quickly without contributing to traffic congestion or air pollution. Additionally, E -bikesare often cheaper to operate and maintain than trucks. We expect that other large densely populated cities in the United States, such as Miami and Dallas, face similar challenges and will continue to adopt the use of E -bikes, E -motorcycles, and E -scootersto meet their delivery needs. Our Strengths Early Entry into the Market:We entered the EV market early and were able to seize the market opportunities to experience rapid growth. We started our business in 2018 and were able to leverage the potential created by the thriving E -commerceindustry. Additionally, the COVID -19lockdown further amplified the demand for online food and essential item deliveries, creating a favorable environment for the expansion and utilization of EVs, particularly E -bikes, which further accelerated our business growth. Brand Reputation:We have a strong brand reputation for consistent delivery of high -qualityEV products and excellent customer service. Our brand and retail stores have become reliable business partners for most food delivery workers, especially in New York City. As a result, they have come to recognize our name and trust our services, establishing a loyal customer base for us. Innovative Products and Services:We continue to offer innovative, differentiated products and services that help set us apart from our competitors. Since 2018, we have launched over 67 new products and introduced new versions to our existing products with upgrades to design, motor and battery technology. Additionally, we are developing the Fly E -Bikeapp, which will be used by customers to better manage and enjoy their riding experience. We are also developing the Fly E -BikeCare, an extended warranty program that will provide value -addedoptions for our customers in the near future. 50 Our Strategies Our plan to grow our business using the following key strategies: Enhance our position as a leader in urban mobility:We believe we are one of the