The consolidated financial statements include
the financial statements of the Company and each of the following subsidiaries as of March 31, 2026.
| Name | | Background | | Ownership |
| FLY-E GROUP, INC. | | ● A Delaware corporation | | Parent Company |
| | | ● Incorporated on November 1, 2022 | | |
| | | ● A holding company | | |
| | | | | |
| FLY EV, INC. | | ● A Delaware corporation | | 100% owned by Fly-E Group, Inc. |
| | | ● Incorporated on November 1, 2022 | | |
| | | ● A holding Company | | |
| | | | | |
| FLY E-BIKE, INC. | | ● A Delaware Company | | 100% owned by Fly-E Group, Inc. |
| | | ● Incorporated on August 22, 2022 | | |
| | | ● A holding Company | | |
| | | | | |
| UNIVERSE KING CORP | | ● A New York corporation | | 100% owned by Fly E-Bike, Inc. |
| | | ● Incorporated on November 19, 2018 | | |
| | | ● A retail store | | |
| | | | | |
| FLYEBIKE INC | | ● A New York corporation | | 100% owned by Fly E-Bike, Inc. |
| | | ● Incorporated on March 30, 2021 | | |
| | | ● A retail store | | |
| | | | | |
| FLYEBIKE WORLD INC. | | ● A New York corporation | | 100% owned by Fly E-Bike, Inc. |
| | | ● Incorporated on February 27, 2023 | | |
| | | ● A retail store | | |
| | | | | |
| FLY DELIVERY INC. | | ● A New York corporation | | 100% owned by Fly E-Bike, Inc. |
| | | ● Incorporated on March 2, 2023 | | |
| | | ● A delivery store | | |
| | | | | |
| FLYDC INC. | | ● A Washington, DC corporation | | 100% owned by Fly E-Bike, Inc. |
| | | ● Incorporated on May 31, 2023 | | |
| | | ● A retail store | | |
| | | | | |
| FLYLA INC. | | ● A California corporation | | 100% owned by Fly E-Bike, Inc. |
| | | ● Incorporated on December 1, 2023 | | |
| | | ● A retail and rental store | | |
| | | | | |
| AOFL LLC | | ● A New York corporation | | 100% owned by Fly E-Bike, Inc. |
| | | ● Incorporated on June 25, 2024 | | |
| | | ● A holding company | | |
| | | | | |
| GOBIKE INC | | ● A New York corporation | | 100% owned by Fly E-Bike, Inc. |
| | | ● Incorporated on July 16, 2024 | | |
| | | ● A rental store | | |
| | | | | |
| FLYEBIKE BOSTON INC. | | ● A Massachusetts corporation | | 100% owned by Fly E-Bike, Inc. |
| | | ● Incorporated on September 1, 2024 | | |
| | | ● A retail store | | |
| | | | | |
| FLYE ELYX INC. | | ● A New York corporation | | 100% owned by Fly-E Group, Inc. |
| | | ● Incorporated on November 18, 2025 | | |
| | | ● A holding Company | | |