Any member of the public can now invest as little as $100 directly into E-Cite Motors
BOTHELL, WA, June 22, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- E-Cite Motors Group, a privately held subsidiary of VaporBrands International, Inc. (OTC:VAPR), announced that its Reg CF offering as filed with the SEC is now live, allowing the general public to invest directly into E-Cite Motors L.L.C.. The money invested will go directly for the purpose of financing the manufacturing of its production vehicles expected to be in its dealership showroom Q4 2023.
The direct link to the offering is www.investinecite.com which is now open to the public.
The offering, which is now live, contains significant bonuses to both early and large investors. The offering under the valuation is limited to $1,235,000 which once reached, the valuation is expected to increase significantly. The largest bonuses will be received by those who invest withing the first 48 hours, which ends on June 24, 2023.
The offer is for Common Membership Units in E-Cite Motors, L.L.C., complete with voting rights and are priced at $2.50 per unit. Any member of the public can now invest as little as $100 directly from the portal. There is no need for a brokerage or other investment account. Investments can easily be made using a credit card, check, or bank transfer.
The direct link to the offering is www.investinecite.com which is now open to the public.
Barry Henthorn, E-Cite CEO, stated: “This is a tremendous opportunity for members of the public to be able to invest directly into the Company. The money raised will be used towards the production of our vehicles. This is the only time that there has been or ever will be an opportunity for the public to directly invest at this valuation and will only be available for a limited time.”
E-Cite recently announced that it had received a pre-money valuation of Seventy-Five Million Dollars for the purpose of raising money for the manufacture of its production vehicles. The valuation was ratified in filings with the Securities and Exchange Commission (Form C) This valuation was reached following E-Cite becoming the first vehicle manufacture under the Low Volume Manufacturers Act to receive approval from the California Air Resources Board (CARB) to proceed with the certification process that will allow it to manufacture and sell new EV vehicles in all 50 states. As this was the first time in history that a manufacture had reached the point of applying for certification from CARB under the Act, and there was no process in place to do so, E-Cite has worked closely with CARB while they defined the process, paving the way for future vehicles to go through the certification process.
E-Cite was also the first company to get any vehicle approved by the National Highway Traffic Safety Administration (NHTSA) of which it has three distinctly different vehicles approved. This allows E-Cite to produce its own VINs for production of new vehicles. In addition, E-Cite was the first to receive a World Manufactures Identifier (WMI) registering it as a manufacture for the sale of vehicles worldwide.
In anticipation that E-Cite’s prototype vehicle will become certified as a zero emissions compliant vehicle by CARB making it legal for sale in all 50 states, E-Cite is moving forward with its plan to begin manufacturing of its production vehicles. It is expected that all certifications will be completed in time for E-Cite’s launch of its production vehicles in the fourth quarter of 2023.
Note* E-Cite's vehicles are in no way categorized as "Kit Cars" as they are manufactured new vehicles.
About E-Cite Motors
www.ecitemotors.com is privately held subsidiary of a publicly traded company VaporBrands International, Inc. (OTC:VAPR) based in Bothell that is developing for manufacturing, state of the art electric vehicles utilizing the latest in technologies with a flare of some of the iconic autos of the past. VAPR acquired 100% ownership in E-Cite Motors www.ecitemotors.com , Acclaimed Automotive www.acclaimedauto.com, and N2A Motors www.n2amotors.com a California-based custom auto manufacturer and car factory specializing in designing, engineering and building prototype, concept, and limited production vehicles for OEMs, corporations, movies, and private owners. N2A was led by legendary designer Gene Langmesser who now serves as the COO of the combined operations.
CONTACT:
E-Cite Motors Group
ceo@ecitemotors.com
