Fly-E Group Inc. Expands Presence in Boston

Fly-E Group, Inc., a prominent player in the electric vehicle (EV) sector, has announced the opening of a new retail store in Boston, marking a significant expansion of its physical presence in the United States. This move aligns with the company’s strategy to enhance its retail footprint and cater to the growing demand for electric motorcycles, bikes, and scooters.

Company Overview

Fly-E Group, Inc. operates under the brand Fly E-Bike and is engaged in designing, installing, selling, and renting smart electric vehicles, including motorcycles, bikes, and scooters, along with related accessories. The company boasts a diverse product portfolio, offering 25 E-motorcycle products, 28 E-bike products, and 37 E-scooter products. As of the latest data, Fly-E has produced approximately 3,842 E-motorcycles, 5,713 E-bikes, and 1,480 E-scooters. The company sources vehicle components from China and the United States, assembling them in a facility located in Maspeth, New York.

Financial Snapshot

As of August 14, 2025, Fly-E Group’s stock closed at $1. The company’s market capitalization stands at $140.43 million. Over the past year, the stock has experienced significant volatility, with a 52-week high of $8.30 on December 30, 2024, and a 52-week low of $0.66 on August 14, 2025. The price-to-earnings ratio is currently at -7.19, reflecting the company’s financial challenges.

Recent Developments

The expansion into Boston is part of Fly-E’s broader strategy to increase its retail presence, which now includes approximately 36 stores across the United States and Canada. The company also offers rental services in key urban centers like New York and Los Angeles and sells its products through an online store at flyebike.com.

Premarket Trading Activity

In the premarket trading session on August 18, 2025, Fly-E Group’s stock was not among the notable gainers or losers. However, other companies in the premarket session saw significant movements, with Propanc Biopharma Inc. (PPCB) up 252% and TPI Composites Inc. (TPIC) down 54%.

Fly-E Group’s expansion into Boston reflects its commitment to growing its market presence and meeting the increasing demand for sustainable urban transportation solutions. As the company continues to navigate its financial challenges, its strategic retail and product diversification efforts remain key focal points for investors and stakeholders.