Fly-E Group Partners with NYC DOT for Sustainable E-Bikes

Fly-E Group Collaborates with NYC DOT for E-Bike Program

Fly-E Group, Inc. (Nasdaq: FLYE), an innovative electric vehicle company, has made headlines by being selected as the official e-bike provider for New York City's Department of Transportation’s Trade-In Program. This exciting development highlights Fly-E's ongoing mission to lead in the electric vehicle market, particularly in the burgeoning e-bike sector.

Commitment to Safety and Sustainability

In a significant move, NYC DOT has chosen Fly-E’s flagship model, the Fly-11 PRO, to support their initiative aimed at promoting safety and environmental sustainability. During the pilot phase of this program, the city plans to distribute around 400 e-bikes. This initiative aims at replacing uncertified e-bikes and outdated lithium-ion batteries with advanced models that meet rigorous UL 2849 safety standards and feature certified UL 2271 batteries.

Features of the Fly-11 PRO E-Bike

The selection of the Fly-11 PRO isn’t arbitrary; it is due to its impressive safety features, which incorporate UL-certified parts, a sophisticated battery management system, and a design that prioritizes durability and range. Fly-E Group is dedicated to enhancing transportation options for NYC's delivery workforce, ensuring they have access to safe and efficient e-bikes. The collaboration marks another step in Fly-E’s history of supporting the city’s transportation initiatives, including their involvement in the Equitable Commute Project.

Leadership Insights

Fly-E's Chairman and CEO, Mr. Zhou (Andy) Ou, expressed pride in the company's role in this collaboration. He stated, "At Fly-E, safety and sustainability are at the heart of everything we do. Our Fly-11 PRO model was specifically crafted with advanced features to ensure user safety. We are thrilled to be part of NYC’s commitment to enhance safety for delivery workers and foster sustainable transportation solutions." This commitment illustrates Fly-E’s focus on quality, innovation, and environmental responsibility.

About Fly-E Group, Inc.

Fly-E Group, Inc. stands as a key player in the electric vehicle landscape, with operations focused on the design, installation, sale, and rental of smart electric motorcycles, scooters, and e-bikes, marketed under the brand “Fly E-Bike.” The company's vision aims to encourage individuals to adopt eco-friendly transportation options, thereby contributing to a more sustainable future. By integrating innovative technologies and prioritizing customer safety, Fly-E Group positions itself as a front-runner in the electric vehicle market.

Future Outlook

The collaboration with NYC DOT is a strong indicator of Fly-E’s evolving strategy in the electric bike sector. As the demand for green alternatives increases, Fly-E’s investments in safety and sustainable technologies will likely boost its market presence and offer significant benefits for urban commuters.

Contact and Investor Information

For further inquiries, stakeholders can reach out to Fly-E Group, Inc.'s investor relations team via email at ir@flyebike.com. Additionally, Ascent Investor Relations, represented by Tina Xiao, is available at +1-646-932-7242 or through email at investors@ascent-ir.com for any media inquiries.

Frequently Asked Questions

What is the Trade-In Program launched by NYC DOT?

The Trade-In Program is an initiative aimed at improving safety by replacing uncertified e-bikes with safer models that meet recognized safety standards.

Which model of e-bike has been selected for the program?

The Fly-11 PRO e-bike from Fly-E Group, Inc. has been chosen as the official bike for this initiative.

How many e-bikes will be distributed during the pilot?

Approximately 400 e-bikes are expected to be distributed during the pilot period of the program.

What features make the Fly-11 PRO a safe option?

It includes UL-certified components, an advanced battery management system, and a durable design that prioritizes user safety.

How can I contact Fly-E Group for more information?

You can reach them via email at ir@flyebike.com or contact Ascent Investor Relations for media inquiries.

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