Fly-E Group Inc. Expands to Boston Amid Market Speculation

Fly-E Group, Inc., a prominent player in the electric vehicle sector, has announced the opening of a new retail store in Boston, Massachusetts. This expansion is part of the company’s strategy to strengthen its presence in the Northeastern United States. The new store, located at 41 West Street, offers a comprehensive range of electric bikes, e-scooters, and accessories, along with on-site services. This move adds to Fly-E’s network of over 40 locations across North America, including 35 retail stores in the United States and one in Canada.

The expansion into Boston is seen as a strategic move by Fly-E Group, Inc., given the city’s vibrant neighborhoods and increasing demand for sustainable transportation solutions. CEO Zhou (Andy) Ou emphasized the importance of Boston as a hub for electric mobility adoption, aligning with the company’s mission to provide eco-friendly transportation options.

However, the company’s recent expansion comes amid significant market speculation and controversy. Reports have surfaced regarding potential stock manipulation and safety concerns. On August 15, 2025, sources such as Investing.com and Stock Titan reported a spike in retail hype surrounding Fly-E Group’s stock, fueled by allegations of stock manipulation, fires in New York City, and lapses in battery safety. These reports have raised concerns among investors and industry experts.

Adding to the turmoil, an expert on Benzinga.com accused Fly-E of engaging in a ‘pump-and-dump’ scheme, warning of a potential severe stock collapse due to troubling safety records. These allegations have cast a shadow over the company’s recent achievements and expansion efforts.

Despite these challenges, Fly-E Group continues to focus on its core business operations. The company, which designs, installs, sells, and rents smart electric motorcycles, electric bikes, and electric scooters, has produced approximately 3,842 E-motorcycles, 5,713 E-bikes, and 1,480 E-scooters. It sources vehicle components from China and the United States, assembling them in a facility located in Maspeth, New York.

As Fly-E Group navigates these market challenges, its recent expansion into Boston represents a significant step in its growth strategy. The company’s ability to address safety concerns and maintain investor confidence will be crucial in determining its future trajectory in the competitive electric vehicle market.