Firm Supports Capital Raise to Advance Expansion in Electric Mobility NEW YORK, June 4, 2025 /PRNewswire/ -- American Trust Investment Services, Inc. (ATIS) is pleased to announce its role as the exclusive placement agent for Fly-E Group Inc. (NASDAQ:FLYE) in connection with the company's follow-on public offering. The offering consists of 28,595,553 shares of common stock and 57,191,106 warrants to purchase common stock, with a public offering price of $0.2428 per share and accompanying warrants, for expected gross proceeds of approximately $6.94 million, before deducting pla
NEW YORK, June 04, 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 closing of its public offering of 28,595,553 shares of common stock (the "Common Stock") and 57,191,106 warrants (the "Warrants") to purchase Common Stock (including shares of Common Stock underlying warrants) at a public offering price of $0.2428. Each share of Common Stock was sold together with two Warrants, with each Warrant to purchase one share of Common Stock. Each Warrant is exercisable immediately with an exerci
NEW YORK, June 02, 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 pricing of its public offering of 28,595,553 shares of common stock (the "Common Stock") and 57,191,106 warrants (the "Warrants") to purchase Common Stock (including shares of Common Stock underlying warrants) at a public offering price of $0.2428. Each share of Common Stock is being sold together with two Warrants, with each Warrant to purchase one share of Common Stock. Each Warrant is exercisable immediately with an e
NEW YORK, May 06, 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 that its management team will participate in one-on-one meetings with investors at the D. Boral Capital Inaugural Global Conference on Wednesday, May 14, 2025, at the Plaza Hotel in New York City. Fly-E expects to engage and share its story with a broad network of investors at the conference. Details of the event are as follows: D. Boral Capital Inaugural Global ConferenceDate: Wednesday, May 14, 2025Location: New York CityV
The electric vehicle company and its subsidiaries are accused of counterfeiting, federal trademark infringement and deceptive business practices UL Solutions Inc. (NYSE:ULS), a global leader in applied safety science, has filed a lawsuit against Fly-E Group, Inc. (NYSE:FLYE), its subsidiaries – including Fly E-Bike, FlyBwy, and FlyCycle – and several executives for allegedly counterfeiting the UL Mark to falsely advertise their entire line of e-bikes, e-scooters and e-motorcycles as UL Certified when they did not undergo the company's product testing. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250313314816/en/Example of the
NEW YORK, Feb. 20, 2025 /PRNewswire/ -- 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, electric scooters, and related accessories, today announced its unaudited financial results for the third quarter and nine months of fiscal year 2025 ended December 31, 2024. Selected Third Quarter Financial Results Revenue: $5.7 million, compared with $7.4 million in third quarter of fiscal year 2024.Gross profit: $2.6 million, compared with $3.0 million in third quarter of fiscal year 2024.Total operating expense: $3.5 million, compared with $2.8 million in third qu
New York, Dec. 23, 2024 (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, electric scooters, and related accessories, today announced that its flagship e-bike model, the Fly-11 PRO, has been officially selected by the New York City Department of Transportation ("NYC DOT") as the official e-bike for the E-Bike Trade-In Program (the "Program"). NYC DOT expects to distribute approximately 400 e-bikes during the pilot period. This Program underscores New York City's commitment to improving safety and sustainability by replacing uncertifie
New York, Dec. 05, 2024 (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, electric scooters, and related accessories, today announced it will be presenting at The Benchmark Company's 13th Annual Discovery One-on-One Investor Conference, to be held Wednesday, December 11, 2024, at the New York Athletic Club in New York City. The conference offers emerging growth and dynamic publicly traded companies access to institutional and individual investors in one-on-one format during which FLYE will be participating in one-on-one meetings with
NEW YORK, Nov. 20, 2024 /PRNewswire/ -- Fly-E Group, Inc. (NASDAQ:FLYE) ("Fly-E" or the "Company"), an electric vehicle company engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters, and related accessories, today announced its unaudited financial results for the second quarter and first half of fiscal year 2025 ended September 30, 2024. Selected Second Quarter Financial Results Revenue: $6.8 million, compared with $8.8 million in Q2 2023.Gross profit: $2.9 million, compared with $3.8 million in Q2 2023.Total operating expense: $4.1 million, compared with $2.7 million in Q2 2023.Net loss: $1.1 million, or $0.05 per share, compared with ne
NEW YORK, Aug. 19, 2024 /PRNewswire/ -- Fly-E Group, Inc. (NASDAQ:FLYE) ("Fly-E" or the "Company"), an electric vehicle company engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters, and related accessories, today announced its unaudited financial results for the first quarter of fiscal year 2025 ended June 30, 2024. First Quarter of Fiscal Year 2025 Financial Summary Net revenues were $7.9 million in the first quarter of fiscal year 2025, an increase of 0.4% from $7.8 million in the same period last year.Gross profit was $3.1 million in the first quarter of fiscal year 2025, an increase of 13.8%, from $2.7 million in the same period last
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