Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 48

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 48
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 one of the leading providers of E -bikesfor food delivery workers in New York City. As of May 1, 2025, we have 25 stores, including 24 retail stores in the U.S and one retail store in Canada. The Company offers rental services from selected locations in New York and Los Angeles. We also operate one online store at flyebike.com, focusing on selling E -motorcycles, E -bikesand E -scooters, serving customers in the United States. In addition, we plan to open a second online store focusing on selling gas bikes in the future. We plan to expand our wholesale customer base in the United States and extend our business into South America and Europe in the future. We have a diversified product portfolio that is designed to satisfy the various demands of our customers and address different urban travel scenarios. Additionally, we aim to refresh our product offerings continuously to align with evolving market trends. As of May 1, 2025, we offered 25 E -motorcycleproducts, 28 E -bikeproducts and 37 E -scooterproducts. We source substantially all of our vehicle components from China and the United States, and then assemble them into our vehicles in a facility located in Maspeth, New York We source substantially all of our vehicle components from China and the United States, and then assemble them into our vehicles in a facility located in Maspeth, New York. We are currently in the process of developing a Fly E -Bikeapp, which is a management service mobile software for our EVs, enabling customers to purchase bikes, locate company stores, schedule bike repairs, and more. We aim to design an app that will bring users a comprehensive intelligent experience to create a safer and more satisfying riding life. The development of the app is still in its preliminary stage. We have launched a testing version of the app, which is currently unavailable to our customers. In December 2023, the Company engaged DF Technology US Inc (“DFT”) for certain technology services, for the development of the enterprise resource planning system (“ERP system”), and in July 2024, the Company engaged DFT to develop a mobile phone application for its renal services, the GO FLY APP. The total contract price for the GO FLY APP is $500,000, and the GO FLY APP was delivered and launched in the rental business on September 5, 2024. As of December 31, 2024, the Company paid $536,580