10:54 AM EST, 12/23/2024 (MT Newswires) -- Fly-E Group ( FLYE ) said Monday that the New York City Department of Transportation has selected its Fly-11 PRO e-bike model as the official e-bike for the E-Bike Trade-In Program.

The company said the government agency expects to distribute about 400 e-bikes during the program's pilot period. No financial details were disclosed.

Shares of Fly-E Group ( FLYE ) were up over 4% in recent trading.

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