Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 17

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1
Chunk 17
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 of environmental contaminants (collectively, “Environmental Laws”). In the ordinary course
of our assembling processes, we may use materials or generate waste that are subject to these Environmental Laws.

We endeavor to adhere to all
applicable Environmental Laws and act as necessary to comply with these laws. We maintain an environmental and safety program at our facilities.
The environmental and safety program includes obtaining environmental permits as required, capturing and appropriately disposing of any
waste by-products, tracking hazardous waste generation and disposal, air emissions, safety situations, material safety data sheet management,
storm water management and recycling, and auditing and reporting on its compliance.

Intellectual Property

We currently hold one trademark
in the United States, which covers our logo. We also hold four trademarks in China, which cover the names “FLY E-BIKE”,
“FLY EBIKE”, “FLYEBIKE” and our logo. Additionally, we have two trademarks in the Dominican Republic covering
the name “FLY E-BIKE” and our logo, and one trademark in Panama covering the name “FLY E-BIKE”. All these trademarks
are effective from 2022 to 2033.

Other than the trademarks mentioned
above, we do not own any patents, copyrights or other intellectual property registrations in the United States. We plan to seek further
intellectual property registrations in the United States in the future. We currently also seek to protect our trade secrets and other
proprietary information through common law copyright and trademark principles.

Competition

There are numerous companies
that sell E-bikes, E-motorcycles and E-scooters in the United States and even more globally. The markets for EVs are highly competitive
based on a number of factors, including innovation, performance, price, technology, product features, styling, fit and finish, brand recognition,
quality and distribution. We believe our ability to compete successfully in these markets depends on our ability to capitalize on our
competitive strengths and build brand recognition.

Many companies, which have
greater financial and marketing resources than us, make electric two-wheelers, including Trek Bicycle Corporation, Specialized Bicycle
Components, Inc., Specialized Bicycle Components, Inc. and Rad Power Bikes Inc. While we believe we are well positioned in this competitive
market, there is no assurance that our vehicles will be successful in the respective markets in which they compete. See “Item
1A. Risk Factors — Risks Related to the Company’s Business, Operations, and Industry —