Fly-E Group, Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before November 10, 2025 to Discuss Your Rights - FLYE
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2025
0mins
Should l Buy FLYE?
Source: PRnewswire
Class Action Notice: The Gross Law Firm is notifying shareholders of Fly-E Group, Inc. (NASDAQ: FLYE) about a class action lawsuit due to misleading statements regarding the safety of their lithium batteries, which negatively impacted E-vehicle sales.
Stock Price Decline: Following the revelation of a 32% decrease in net revenues attributed to lithium battery accidents, Fly-E's stock plummeted from $7.76 to $1.00 per share in one day, marking an 87% decline.
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Analyst Views on FLYE
About FLYE
Fly-E Group, Inc. is an electric vehicle (EV) company, which is engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. The Company has approximately 36 stores, including 35 retail stores in the United States and one retail store in Canada. The Company offers rental services from selected locations in New York and Los Angeles. It also sells its products through its online store at flyebike.com. The Company offers 25 E-motorcycle products, 28 E-bike products and 37 E-scooter products. It has a diversified product portfolio that is designed to satisfy the various demands of its customers and address different urban travel scenarios. The Company 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 and then assembles them into its vehicles in a facility located in Maspeth, New York.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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