Fly-E Group, Inc. Enters the South American Market with First Store Grand Opening in Mexico and Strategic Partnership with TECHNOLOGIES E-SOLOMO
Fly-E Group (Nasdaq: FLYE), an electric vehicle company specializing in smart electric motorcycles, bikes, and scooters, has announced its entry into the South American market through two major initiatives in Mexico: the grand opening of its first retail store in Mexico City and a strategic partnership with TECHNOLOGIES E-SOLOMO.
Under the Strategic Partnership Agreement, E-Solomo will support Fly-E's Mexican market expansion through its established sales network while gaining access to Fly-E's proprietary technologies. The collaboration includes plans for IoT technology implementation, smart mobility solutions, and the development of a joint after-sales service network in Mexico.
CEO Andy Ou emphasized the significant potential in the Mexican electric two-wheeler market and revealed plans for additional store openings across South America and Europe as part of the company's international expansion strategy.
Fly-E Group (Nasdaq: FLYE), un'azienda di veicoli elettrici specializzata in motociclette, biciclette e scooter elettrici intelligenti, ha annunciato il suo ingresso nel mercato sudamericano con due iniziative principali in Messico: l'inaugurazione del suo primo negozio a Città del Messico e una partnership strategica con TECHNOLOGIES E-SOLOMO.
In base all'Accordo di Partnership Strategica, E-Solomo supporterà l'espansione di Fly-E nel mercato messicano attraverso la sua rete di vendita consolidata, ottenendo al contempo l'accesso alle tecnologie proprietarie di Fly-E. La collaborazione prevede l'implementazione di tecnologie IoT, soluzioni di mobilità intelligente e lo sviluppo di una rete congiunta di assistenza post-vendita in Messico.
Il CEO Andy Ou ha sottolineato il grande potenziale del mercato messicano dei veicoli elettrici a due ruote e ha rivelato i piani per l'apertura di ulteriori negozi in Sud America ed Europa, nell'ambito della strategia di espansione internazionale dell'azienda.
Fly-E Group (Nasdaq: FLYE), una empresa de vehículos eléctricos especializada en motocicletas, bicicletas y scooters eléctricos inteligentes, ha anunciado su entrada en el mercado sudamericano mediante dos iniciativas principales en México: la gran inauguración de su primera tienda minorista en Ciudad de México y una alianza estratégica con TECHNOLOGIES E-SOLOMO.
Bajo el Acuerdo de Asociación Estratégica, E-Solomo apoyará la expansión de Fly-E en el mercado mexicano a través de su red de ventas establecida, mientras accede a las tecnologías propietarias de Fly-E. La colaboración incluye planes para la implementación de tecnología IoT, soluciones de movilidad inteligente y el desarrollo de una red conjunta de servicio postventa en México.
El CEO Andy Ou destacó el gran potencial del mercado mexicano de vehículos eléctricos de dos ruedas y reveló planes para abrir más tiendas en Sudamérica y Europa como parte de la estrategia de expansión internacional de la empresa.
Fly-E Group (나스닥: FLYE)는 스마트 전기 오토바이, 자전거, 스쿠터를 전문으로 하는 전기차 회사로서, 멕시코에서 두 가지 주요 이니셔티브를 통해 남미 시장에 진출한다고 발표했습니다. 멕시코시티에 첫 번째 소매점을 개장하고 TECHNOLOGIES E-SOLOMO와 전략적 파트너십을 체결했습니다.
전략적 파트너십 계약에 따라 E-Solomo는 확립된 판매 네트워크를 통해 Fly-E의 멕시코 시장 확장을 지원하며, Fly-E의 독점 기술에 접근할 수 있게 됩니다. 협력에는 IoT 기술 도입, 스마트 모빌리티 솔루션, 멕시코 내 공동 애프터서비스 네트워크 개발 계획이 포함되어 있습니다.
CEO 앤디 오우는 멕시코 전기 2륜차 시장의 큰 잠재력을 강조하며, 회사의 국제 확장 전략의 일환으로 남미와 유럽 전역에 추가 매장 오픈 계획을 밝혔습니다.
Fly-E Group (Nasdaq : FLYE), une entreprise de véhicules électriques spécialisée dans les motos, vélos et scooters électriques intelligents, a annoncé son entrée sur le marché sud-américain à travers deux initiatives majeures au Mexique : l'ouverture officielle de son premier magasin à Mexico et un partenariat stratégique avec TECHNOLOGIES E-SOLOMO.
Dans le cadre de l'accord de partenariat stratégique, E-Solomo soutiendra l'expansion de Fly-E sur le marché mexicain via son réseau de vente établi, tout en ayant accès aux technologies propriétaires de Fly-E. La collaboration inclut des plans pour la mise en œuvre de technologies IoT, des solutions de mobilité intelligente et le développement d'un réseau conjoint de service après-vente au Mexique.
Le PDG Andy Ou a souligné le potentiel important du marché mexicain des deux-roues électriques et a révélé des projets d'ouverture de nouveaux magasins en Amérique du Sud et en Europe dans le cadre de la stratégie d'expansion internationale de l'entreprise.
Fly-E Group (Nasdaq: FLYE), ein Unternehmen für Elektrofahrzeuge, das sich auf intelligente elektrische Motorräder, Fahrräder und Roller spezialisiert hat, hat seinen Eintritt in den südamerikanischen Markt durch zwei bedeutende Initiativen in Mexiko angekündigt: die feierliche Eröffnung seines ersten Einzelhandelsgeschäfts in Mexiko-Stadt und eine strategische Partnerschaft mit TECHNOLOGIES E-SOLOMO.
Im Rahmen der strategischen Partnerschaft wird E-Solomo Fly-Es Expansion auf dem mexikanischen Markt durch sein etabliertes Vertriebsnetz unterstützen und gleichzeitig Zugang zu Fly-Es firmeneigenen Technologien erhalten. Die Zusammenarbeit umfasst Pläne zur Implementierung von IoT-Technologie, intelligente Mobilitätslösungen und den Aufbau eines gemeinsamen Kundendienstnetzes in Mexiko.
CEO Andy Ou betonte das große Potenzial des mexikanischen Marktes für elektrische Zweiräder und kündigte Pläne für weitere Ladeneröffnungen in Südamerika und Europa im Rahmen der internationalen Expansionsstrategie des Unternehmens an.
- Strategic entry into Mexican market through partnership with established local brand E-Solomo
- Access to E-Solomo's existing sales network and brand influence in Mexico
- Plans for expansion across South America and Europe
- Development of joint after-sales service network to enhance customer support
- Mutual technology sharing agreement with E-Solomo
- Significant investment required for international expansion and store openings
- Potential operational challenges in new market entry
- Dependence on local partner for market penetration
Insights
Fly-E's Mexico entry marks strategic South American expansion through local partnership, leveraging E-Solomo's market presence to accelerate growth.
Fly-E Group's market entry into Mexico represents a significant strategic expansion into South America through a dual approach: establishing a physical retail presence and securing a local partnership with TECHNOLOGIES E-SOLOMO. This move follows a common internationalization pattern where companies pair their global capabilities with local expertise to navigate market-specific challenges.
The partnership with E-Solomo is particularly strategic as it provides Fly-E with immediate access to established distribution networks and local market knowledge - two critical factors that typically determine success in international expansions. E-Solomo's position as an early entrant in Mexico's electric mobility space offers Fly-E significant competitive advantages through brand recognition and existing customer relationships that would otherwise take years to develop independently.
The agreement's structure reveals a thoughtful approach to technology exchange and market development. Fly-E gains localization support and sales channel access while E-Solomo receives proprietary technology access. This reciprocal value exchange suggests a partnership built on complementary strengths rather than merely a distribution agreement. The companies' joint plans for IoT implementation and after-sales service network development indicate a long-term commitment to the Mexican market.
The CEO's comments about pre-IPO international expansion plans and future growth across South America and Europe signal that this Mexico entry represents the first step in a broader global strategy. This suggests a methodical approach to international market development, using Mexico as a testing ground and proof-of-concept for additional expansions.
NEW YORK, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Fly-E Group, Inc. (Nasdaq: FLYE) (“Fly-E” or the “Company”), an electric vehicle company engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes, and electric scooters, today announced the grand opening of its retail store in Mexico City in collaboration with its local distributor, TECHNOLOGIES E-SOLOMO (“E-Solomo”), one of Mexico’s earliest and established electric mobility brands, marking a significant milestone in the Company’s expansion into the South American market. In addition, Fly-E entered into a Strategic Partnership Agreement (the “Agreement”) with E-Solomo. The collaboration aims to leverage both companies’ strengths to accelerate market penetration and provide innovative, high-quality electric mobility solutions to local consumers.
According to the Agreement, E-Solomo agreed to facilitate Fly-E’s expansion into the Mexican market through E-Solomo’s sales network and brand influence and provide localization and supply chain assistance. Fly-E agreed to, in turn, provide E-Solomo access to its proprietary technologies. The parties also plan to collaborate on the implementation of IoT technology and smart mobility solutions, and to jointly establish an after-sales service network in Mexico to strengthen customer support and experience.
Mr. Zhou (Andy) Ou, Chairman and Chief Executive Officer of Fly-E, remarked, “The Mexican electric two-wheeler market presents immense potential, and international expansion has always been a core part of our growth strategy—even before our IPO. The launch of our first store in Mexico City and the signing of our strategic partnership agreement with E-Solomo mark a significant step forward in realizing our global ambitions. We plan to open additional stores in Mexico and continue our international growth across South America and Europe.
Fly-E is committed to delivering advanced and reliable mobility solutions and building long-term, mutually beneficial partnerships worldwide. As one of the first companies to establish a local electric bike brand in Mexico, E-Solomo has differentiated itself with its competitive pricing, localized design, flexible sales channels, and high brand recognition. The collaboration with E-Solomo represents just the beginning of our broader strategy to bring sustainable and efficient transportation solutions to customers around the globe. With E-Solomo’s local expertise and our global capabilities, we are confident this partnership will serve as a cornerstone for our growth in Mexico and beyond.”
About Fly-E Group, Inc.
Fly-E Group, Inc. is an electric vehicle company that is principally engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes and electric under the brand "Fly E-Bike." The Company's commitment is to encourage people to incorporate eco-friendly transportation into their active lifestyles, ultimately contributing towards building a more environmentally friendly future. For more information, please visit the Company's website: https://investors.flyebike.com.
About TECHNOLOGIES E-SOLOMO
Founded in 2021 and headquartered in Mexico City, E-Solomo is one of the earliest local e-bike brands in Mexico’s electric two-wheeler industry. Specializing in the retail of cost-effective electric vehicles, E-Solomo offers a diverse product lineup that includes electric bicycles, passenger e-mopeds, and an upcoming series of electric tricycles. E-Solomo has established itself in the market through its strong market foundation, strategic distribution networks, and a commitment to innovation in sustainable urban mobility. E-Solomo is dedicated to delivering practical and affordable mobility solutions designed to meet the unique needs of the Mexican market. For more information, please visit: https://www.esolomo.com.mx/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results, and that the forward-looking statements contained in this press release are subject to the risks set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), including the section under "Risk Factors" of its most recent Annual Report on Form 10-K for the fiscal year ended March 31, 2025, filed with the SEC on July 15, 2025. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.
For investor and media inquiries, please contact:
Fly-E Group, Inc.
Investor Relations Department
Email: ir@flyebike.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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