Fly-E Group, Inc..
FLYE.US | Manufacture of motor vehicles
Fly-E Group, Inc. is a holding company that operates in the electric vehicle (EV) sector. While specific details about their operations are limited, the company appears to be involved in the manufacturing and distribution of electric vehicles, potentially including electric motorcycles and related c...Show More
Better Health for All
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The company's core products, electric bikes and scooters, have caused severe, widespread health damage, including 3 fatalities and 13 injuries linked to uncertified batteries.
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Federal officials ordered a recall of all Fly 10 mopeds due to a flawed braking system that failed federal safety tests, requiring 8.23 feet more stopping distance than allowed and 16% worse wet weather deceleration than federal standards.
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The company falsely advertised its products as UL Certified, used fake safety certifications, and affixed false conformity claims to vehicles, demonstrating deliberate concealment of risks.
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The New York Department of Motor Vehicles also refused to register some models.
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The company's revenue decreased by 32% due to these lithium-battery accidents.
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Delivery workers, who constitute approximately 70% of the customer base, are forced to absorb the risks created by these defective products.
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The company failed to inform investors about ongoing safety investigations, leading to a class action lawsuit for false and misleading statements.
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The company's vehicles were linked to many fires, representing significant health-harming externalities.
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While the company promotes eco-friendly transportation and active lifestyles, these general benefits are overshadowed by the direct harm caused by its products.
Fair Money & Economic Opportunity
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No information relevant to Fly-E Group, Inc. or the ethical value 'Fair Money & Economic Opportunity' was found in the provided articles. The articles either stated they were auto-throttled or explicitly confirmed they contained no relevant data for the company or the value.
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Fair Pay & Worker Respect
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There are no mentions of regulatory actions, violations, or fines for FLYE.US in the provided articles.
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Information regarding living wage coverage, CEO median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, turnover rate, insecure contract share, and health insurance coverage is explicitly stated as lacking or not present.
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Fair Trade & Ethical Sourcing
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No evidence available to assess Fly-E Group, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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No specific evidence was provided in the articles to assess FLYE.US against the 'Honest & Fair Business' ethical value.
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The sole article indicated an inability to access external content, thus yielding no data points for any of the KPIs.
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Kind to Animals
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No specific, concrete data points were found in the provided articles regarding Fly-E Group, Inc.'s (FLYE.US) performance against any of the 'Kind to Animals' KPIs.
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The articles either pertained to a different company (Deckers Brands) or explicitly stated that no data for FLYE.US was available concerning animal welfare practices, policies, or impacts.
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Therefore, no KPIs could be scored.
No War, No Weapons
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No evidence available to assess Fly-E Group, Inc. on No War, No Weapons.
Planet-Friendly Business
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The provided articles do not contain specific, concrete data points for any of the Planet-Friendly Business KPIs. Information regarding environmental, social, and governance (ESG) factors, including emissions, renewable energy use, water consumption, waste diversion, and biodiversity efforts, is consistently noted as 'not available' or 'no data available' across the filings and reports.
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While one article mentions the absence of regulatory actions, this is not a concrete data point for 'zero violations' and thus cannot be scored.
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Therefore, no KPIs can be scored based on the evidence provided.
Respect for Cultures & Communities
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Fly-E Group, Inc. sourced over 40% of its vehicle components from the United States for the year ended March 31, 2024.
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Safe & Smart Tech
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Fly-E Group, Inc. (FLYE.US) agreed to pay $1 million to UL Solutions for faking its UL safety certification, as part of a settlement filed in the U.S. District Court for the Eastern District.
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The company was notified by UL on multiple occasions that it did not have the authority to display the logo.
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Additionally, Fly E-Bike paid a $1,500 fine for listing an uncertified battery for sale and failing to display the required certification information.
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Federal officials have ordered Fly E-Bike to recall all Fly 10 mopeds.
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The company also faces over 100 alleged fire code violations by the FDNY in 2023 and has been involved in eight lawsuits claiming its equipment caused fires that resulted in injuries and deaths.
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The company states it has implemented 'appropriate and reasonable technical and organizational security measures designed to protect the security of any personal information we process'.
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It collects names, phone numbers, email addresses, mailing addresses, usernames, passwords, and billing addresses.
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The company does not currently respond to Do-Not-Track browser signals.
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Users have rights to access, rectify, erase, restrict processing, and data portability, and can withdraw consent, opt out of marketing, and review, change, or terminate their account.
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First-time customers and dealers with an order above USD 1000 must present a valid proof of ID along with their order, and the company collects usernames and passwords.
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The company mentions efforts to keep services 'safe and secure, including fraud monitoring and prevention'.
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It also states that it maintains backup data to facilitate recovery in the event of data loss or a disaster.
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The company plans to engage a third-party service provider to monitor its network and provide prevention, detection, correlation, investigation, and response to security incidents.
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Zero Waste & Sustainable Products
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No evidence available to assess Fly-E Group, Inc. on Zero Waste & Sustainable Products.