1. FLYE opens a new retail location in Boston, enhancing market presence. 2. Store expands customer access to electric motorcycles, bikes, and scooters. 3. CEO highlights Boston's demand for sustainable transportation solutions. 4. FLYE aims to increase its footprint across key U.S. markets. 5. Company now has over 40 locations across North America.
The expansion into Boston strengthens FLYE's market presence and growth strategy. Similar expansions have historically led to increased sales and stock performance in similar companies, like Rivian or Tesla, following their retail openings.
The news directly relates to FLYE's operational strategy, influencing market perception and investment tomorrows. New store openings are crucial indicators of growth potential in the electric vehicle sector.
This retail expansion sets the stage for sustained revenue growth, as established markets typically see gradual adoption and increased interest over time. Historical data shows that electric vehicle companies often benefit long-term from additional sales channels.
NEW YORK, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Fly-E Group, Inc. (NASDAQ:FLYE) ("Fly-E" or the "Company"), an electric vehicle company engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes, and electric scooters, today announced the grand opening of its newest retail location in Boston, Massachusetts. The new store, now fully operational, marks the Company's continued expansion in the Northeastern United States and underscores its mission to make safe, reliable, and eco-friendly transportation accessible to more communities.
The Boston store offers Fly E-Bike's full lineup of electric bikes, e-scooters, and accessories, with on-site services. Designed to meet the needs of both commuters and delivery professionals, Fly E-Bike's products combine technology with practical, user-friendly design for urban mobility.
Mr. Zhou (Andy) Ou, Chairman and Chief Executive Officer of Fly-E, remarked, "Boston is an ideal city for electric two-wheelers, with its vibrant neighborhoods, busy streets, and growing demand for sustainable transportation. By bringing Fly E-Bike to Boston, we are not only providing residents with a safer, greener, and more efficient way to travel, but also taking another important step in our long-term expansion strategy across key U.S. markets."
The new store is part of Fly E-Bike's growing retail network, which now spans more than 40 locations across North America, including New York, New Jersey, and other major metropolitan areas. The Company remains focused on expanding into key markets with strong potential for electric mobility adoption.
Boston Store Details:
Address: 41 West Street, Suite 100, Boston, MA 02111
Business Hours: 10:00 AM – 7:00 PM
Phone Number: (929) 682-4315
About Fly-E Group, Inc.
Fly-E Group, Inc. is an electric vehicle company that is principally engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes and electric under the brand "Fly E-Bike." The Company's commitment is to encourage people to incorporate eco-friendly transportation into their active lifestyles, ultimately contributing towards building a more environmentally friendly future. For more information, please visit the Company's website: https://investors.flyebike.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results, and that the forward-looking statements contained in this press release are subject to the risks set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), including the section under "Risk Factors" of its most recent Annual Report on Form 10-K for the fiscal year ended March 31, 2025, filed with the SEC on July 15, 2025. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.
For investor and media inquiries, please contact:
Fly-E Group, Inc.
Investor Relations Department
Email: ir@flyebike.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
