Company: FLYE
Filing Date: 2025-05-05
Form Type: S-1/A
Source: 0001213900-25-039419
Chunk: 15

Company: Fly-E Group, Inc.
Filing Date: 2025-05-05
Form: S-1/A
Chunk 15
---
 and the inability of these vendors to deliver necessary components of our products according 
 to our schedule and at prices, quality levels and volumes acceptable to us, or our inability to efficiently manage these components,          
 could have a material adverse effect on our financial condition and operating results.                                                        |

| ● | We rely on third parties                                                                                                           
 for quality control on the parts sourced from China.                                                                               |
| ● | If we are unable to resolve                                                                                                        
 the trademark infringement lawsuit filed by UL, we may incur substantial losses and face significant disruption to our business.   |
| ● | The current tensions in                                                                                                            
 international trade policies and rising political tensions, particularly between the United States and China, may adversely impact 
 our business and operating results.                                                                                                |

| ● | Our success will depend on our ability to economically produce                                                                       
 our vehicles at scale, and our ability to produce vehicles of sufficient quality and appeal to customers on schedule and at scale is 
 unproven.                                                                                                                            |

| ● | Changes in our supply chain may result in increased cost.                                                                                
 If we are unsuccessful in our efforts to control and reduce supplier costs and manage inventory at optimal levels, our operating results 
 will suffer.                                                                                                                             |

| ● | Increases in costs, disruption of supply, or shortage of                                                                             
 materials used to manufacture the component parts used in our vehicles, including potential risks stemming from the conflict between 
 Russia and Ukraine, could harm our business.                                                                                         |

| ● | Our vehicles may not perform in line with customer expectations. |

| ● | Our future growth is dependent on the demand for, and upon 
 consumers’ willingness to adopt electric vehicles.         |

| ● | The electric mobility industry is subject to rapidly changing 
 and often complex regulatory environments.                    |

| ● | We may be unable to adequately control the costs associated 
 with our operations.                                        |

| ● | We may not succeed in establishing, maintaining and strengthening                                                                     
 our brand, which could materially and adversely affect customer acceptance of our products, which could in turn materially affect our 
 business, results of operations or financial condition.                                                                               |

| ● | We have a relatively short operating history, which makes                                                                   
 it difficult to evaluate our future prospects, forecast financial results, and assess the risks and challenges we may face. |

| ● | There                                                                  
 is substantial doubt about our ability to continue as a going concern. |

| ● | We identified material weaknesses and significant deficiencies 
 in our internal control over financial reporting.              |

| ● | The markets in which we operate are