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There is definitely a new wave starting to develop at Ecite. Looks like a good entry or increase opportunity.
$VAPR E-Cite Exceeds Target Offering Amount in Two Weeks - Public Can Still Invest Directly at Current Valuation
https://www.accesswire.com/765945/E-Cite-Exceeds-Target-Offering-Amount-in-Two-Weeks--Public-Can-Still-Invest-Directly-at-Current-Valuation
BOTHELL, WA / ACCESSWIRE / July 6, 2023 / E-Cite Motors Group, (OTC:VAPR) a privately held subsidiary of VaporBrands International, Inc. announced that has exceeded the target amount of its Reg CF offering as filed with the S.E.C.. Participating investors are subject to approval to ensure eligibility. The offering will remain live for a limited time at the current valuation 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 and other general business purposes as defined in the filing (Form C).
The direct link to the offering is www.investinecite.com which will remain open to the public for a limited time.
The offering, which went live on June 22nd, 2003 is for Common Membership Units in Ecite 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: "We want to thank our long-term investors as well as those who have recently joined. The support we have received from the public further validates the demand and desire for truly unique EV vehicles while ratifying our valuation. The offering will remain open for a period under the current terms to allow others to participate prior to closing."
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 is 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-Cites 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.
Now it's starting to make sense.
No one fronts all that $$$ to start a dealership based on an unproven car manufacturer. But Exact Car / Open Trade / Clear Market Inc. already had a (single) location as car brokers / consignors. Their initial lease ended August of 2022. Probably had an option for an additional year(s) and that when they stopped paying rent. Not really germane. Basically their business model as car brokers became really viable because of Covid and peeps became very comfortable buying cars online. But the business model got destroyed by Jerome Powell and his rate increase policy.
Picture (March 2023) of E-Cite's COO shows no/few cars in the background. The eviction process already started?
Picture of 18120 Studebaker's leasing history per CoStar
Gil Feig of Clear Market Inc. / Open Trade / Exact Car
https://www.linkedin.com/in/gil-feig/
https://opentrade.com/
Picture of Gil Feig with the Clear Market / Open Trade emblem
Picture of Gil Feig
eCite is not leasing the property this may or may not be true, more important there is no dealership or manufacturer license issued as of 6/22/23 in the State of California. Now I realize the headquarters is in WA but they are stating that they intend to sell in CA. I'm not saying it doesn't exist, I just can't find it. https://www.dmv.ca.gov/portal/olsis/ Maybe someone here has some free time on their hands. I started here exactCar Ecite of Cerritos is the brand's first location in the U.S. page 39
and then there is this: "On January 4, 2023, the Company changed the name of the corporation to Innovative EV Technologies, Inc. The name change is pending FINRA approval.... I bit over due IMHO.
https://ecitemotors.com/about/
https://innovativeev.com/
It's worth throwing a few bones at, but I wouldn't bet the house on this one, not yet.
...and don't lose sight of the fact this company is still listed on the PINK sheets
"...today announced the rollout of its exactCar E-Cite EV dealerships with the opening of its first dealership in Cerritos, CA. ... exactCar E-Cite of Cerritos is located at 18120 Studebaker Road, Cerritos CA, 90703... "
Here's a couple pix of the COO **NOT** leasing the building. Lolz.
Alti, VAPR announced they leased their first car dealership at 18120 Studebaker Road, Cerritos, Cali. This is true. But I perused the building location on CoStar (real estate information service software, have international subscription) and the property is available for lease in mid-July 2023 and no later than mid-August 2023. Called the listing broker, it sounds like ECite / Exact Car didn't get a business permit required of new dealers to sell cars? English is not primary language of the broker. Court gave approval to evict since they haven't paid rent. Per broker, will 100% be out of the site no later than mid-August 2023.
$VAPR E-Cite Motors Offering Officially Approved Allowing the Public to Directly Invest Beginning June 22nd, 2023
https://www.accesswire.com/761488/E-Cite-Motors-Offering-Officially-Approved-Allowing-the-Public-to-Directly-Invest-Beginning-June-22nd-2023
BOTHELL, WA / ACCESSWIRE / June 15, 2023 / E-Cite Motors Group, (OTC:VAPR) a privately held subsidiary of VaporBrands International, Inc. has received official approval to proceed with its Reg CF offering as filed with the S.E.C. which will allow the general public to invest directly into E-Cite Motors L.L.C. beginning June 22nd, 2023 for the purpose of financing the manufacturing of its production vehicles expected to be in its dealership showroom Q4 2023.
The offering will officially go live on June 22nd, 2023, and significant bonuses are being offered 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 offer is for Common Membership Units in Ecite Motors, L.L.C. and are priced at $2.50 per unit. Any member of the public will be able to invest as little as $100 directly from the portal.
For more information and a detailed description of the Bonus Units, and Perks, visit www.ecitemotors.com/what-if
The direct link to the offering is www.investinecite.com is open to the public and will go live officially June 22, 2023.
Barry Henthorn E-Cite CEO stated: "We want to thank the entire team including our Broker Dealer, Payment Gateway, Technology Partners, Legal Team, Marketing Partner, and others for their persistent contributions that have made this possible."
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 is 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-Cites launch of its production vehicles in the fourth quarter of 2023.
sweet
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Letter to Shareholders Answering Questions:
Dear shareholders, thank you for submitting your questions in advance for the introductory interview with our COO legendary designer Gene Langmesser conducted by investor/analyst Mark Schaftlein on April 6, 2022. https://ecitemotors.com/
Electric Cars, Electric Vehicles, Green and Environmentally friendly Cars for the future, this is the "ONLY" small cap or micro cap EV company in the whole wide world really getting close to making electric car, the progress is impressive and future potentials are huge.
BOTHELL, WA / ACCESSWIRE / May 5, 2022 / VaporBrands International, Inc. (OTCPINK:VAPR) dba E-Cite Motors Group an innovative Electric Vehicle manufacturer announced that it has completed development and assembled its modular chassis that will be used as the base for its new vehicles.
02-07-2021
PER IHUB MGMT
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