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 were up over 4% in recent trading.
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