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E-Cite Motors (OTCMKTS: VAPR) Major Run as E-Cite Motors Goes Public & New EV Co Develops its New Electric Vehicle the “E-CGT” at its Bothell, WA Facility

E-Cite Motors (OTCMKTS: VAPR) formerly known as Vaporbrands International Inc is a new EV manufacturer currently developing its new EV sportscar codenamed…

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This article was originally published by Microcap Daily

E-Cite Motors (OTCMKTS: VAPR) formerly known as Vaporbrands International Inc is a new EV manufacturer currently developing its new EV sportscar codenamed the “E-CGT” in the Company’s Bothell, WA facility. The “E-CGT” is a two seat sportscar that resembles a modern version of a legendary vehicle that was produced in the late 60s and early 70s. The E-CGT also features an easily removable hardtop section of the roof that stores in the front boot while still providing storage in the trunk for at least two sets of golf clubs. The Company, operating via its subsidiary E-Cite Motors has several key advantages over other auto manufacturers. Because E-Cites vehicles qualify under the “Low Volume Vehicle Manufacturers Act of 2015” the EVs do not have to meet any of the safety or other costly certifications of a traditional auto manufacturer meaning the Company can bring new EVs to market in less than a year compared to the minimum 3-year time line for its competitors. 

There is a lot to get excited about on VAPR, the newest EV manufacturer to hit the public markets. Currently trading at a low market valuation of just $6 million VAPR has 327,182,654 shares outstanding after recently reducing its shares by 10 million. With a low float of 46,451,164 shares VAPR also has little debt of just over $400k in total liabilities. And now since the change of control, acquisitions of E-Cite Motors, Acclaimed Automotive and the assets of renowned N2A motors and move into the EV business, VAPR is sure to be at the top of many traders watch lists. E-Cite Motors just stated on twitter since recently unveiling the new modular EV chassis for its new EVs, that they are “Looking forward to showing sketches next week.” presumably of its new EV the “E-CGT” Investors are also looking forward to more updates next week, the SEC audit as well as the upcoming name and ticker symbol change. 

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www.ecitemotors.com (OTC PINK:VAPR) is a publicly traded company 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 recently acquired 100% ownership in E-Cite Motors, 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. Following the acquisitions which also resulted in a change of controlling shareholder, the Company announced its intention to change its name and ticker symbol to reflect the move into the EV business and the acquisition of E-Cite Motors, Acclaimed Automotive, and N2A Motors. 

Following the acquisitions of E-Cite Motors, Acclaimed Automotive and the assets of renowned N2A motors, the Company brought on legendary automobile designer Gene Langmesser as the COO. In addition to leading design and product development teams and prototyping for automobile manufacturers such as Porsche, Mercedes, Lexus, Ford, Hyundai, and others, he has also created or built many movie cars or props. Most notably the futuristic Lexus 2054 driven by Tom Cruise in “Minority Report”, Queen Latifa’s transforming taxis in “Taxi”, fighter ships in “Battlestar Galactica”, the Batmobile driven by George Clooney in “Batman and Robin”, and the Terminators bodies in Terminator 3. Furthermore, in 2016 Gene and N2A were task to design and build the first ever Hydrogen Hybrid Semi-Truck, by Nikola Motors which they completed. 

E-Cite has several key advantages over other auto manufacturers. Unlike competitors Tesla, Nikola, Polestar, Lucid, VW, Ford, Jaguar, and others, E-cite is not required to meet any of the safety or other costly certifications of a traditional auto manufacturer making the ease and timeline of offering new vehicles to market significantly more favorable. Whereas the initial timeline to be able to deliver a production vehicle to market generally exceeds 3 years and often longer at a very high cost, E-Cite expects to be delivering its first production vehicles for the 2023 model year. That is less than 12 months from inception to the showroom. 

This is possible because E-Cites vehicles qualify under the “Low Volume Vehicle Manufacturers Act of 2015” In 2015 Congress enacted a bill into law directing the NHSTA to establish a program allowing low volume motor vehicle manufacturers to produce a limited number of vehicles annually within a regulatory system that addresses the unique safety and financial issues associated with limited production, and to direct the EPA to allow low volume motor vehicle manufacturers to install engines from vehicles that have been issued certificates of conformity. Although they were given one year to establish this new program it took until January 2021 until the NHSTA issued a final ruling to allow low volume vehicle manufacturing. Under the act car manufacturers that meet the criteria are exempt from all the safety standards but they must meet current emissions standards. There are no emissions standards for EV vehicles. 

E-Cite Motors vehicles will utilize a modular design engineered to allow the production of vehicles utilizing a skateboard style chassis that uses hub electric motors. As the system is fully modular this allows for configurations ranging from low powered batteries and only a single 100hp motor on up to a high powered 1000hp performance vehicle utilizing AWD and 4 250hp motors or beyond. 

 

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Using this modular design allows for entry level vehicles that are fully upgradable, that can be fitted with a variety of bodies ranging from fun affordable sportscars, utilitarian vehicles, made from inexpensive fiberglass all the way beyond the performance achieved by today’s petrol supercars using state of the art carbon fiber. 

In May the Company completed development and assembled its modular chassis that will be used as the base for its new vehicles. The chassis can be easily configured to a variety of wheelbases making it suitable for a wide range of vehicles. E-Cite took delivery of its first chassis No. 001 yesterday and will now configure and install the suspension, motors, batteries, and other mechanicals at its Bothell, WA facility. Design, development, and initial assembly were completed in house using a state-of-the-art multi-platform suite for computer-aided manufacturing, engineering, 3D modeling, and Product Lifestyle Management software. The skateboard spaceframe is made from laser cut aluminum extrusions, stampings, castings, and utilizes carbon fiber composite panels. 

Chassis No. 001 was built to support speeds in excess of 250 miles per hour, provide daily drivability, and race car track performance when desired. It uses fully independent transverse composite leaf spring suspension, coil over shocks, four-wheel steering, and ride height adjustments. E-Cite Motors has developed a modular design that will be engineered to allow the production of vehicles utilizing a skateboard style chassis that uses electric motors. As the system is fully modular this allows for configurations ranging from low powered batteries and only a single motor on up to a high-powered 1000+hp performance vehicle utilizing AWD and 4 motors. E-Cites vehicles are in no way categorized as “Kit Cars” as they are manufactured new vehicles. 

The Company also formally applied for a World Manufacturers Identifier (VIN number) from SAE International. Since 1981, global automotive manufacturers have utilized a complex numbering system called a Vehicle Identification Number (VIN) that uniquely describes a vehicle. This number provides a coded description of the vehicle including manufacturer, year of production, place of production and vehicle characteristics. Because of their unique position within the mobility industry, SAE International is contracted by the National Highway Traffic Safety Administration (NHTSA), to assign a selected portion of the VIN, specifically called the World Manufacturers Identifier (WMI). Once E-Cite has been approved as a global automotive manufacturer and assigned its own WMI, it will be able to move forward with obtaining and certifying a globally recognized VIN protocol that will allow E-Cite to issue Vehicle Identification Numbers on its new vehicles. 

On July 12 the Company released details of its new affordable electric sportscar that is currently in development. The vehicle codenamed the “E-CGT” is a two seat sportscar that resembles a modern version of a legendary vehicle that was produced in the late 60s and early 70s. The E-CGT also features an easily removable hardtop section of the roof that stores in the front boot while still providing storage in the trunk for at least two sets of golf clubs. 

The vehicle will be available as both an affordable entry level fiberglass bodied variant as well as a more performance orientated “S” version sporting a carbon fiber body and upgraded power and suspension. E-Cite is currently assembling the prototype and expects to release additional details and photos shortly. 

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Currently trading at a $6 million market valuation VAPR has a low float of just 46,451,164 shares, little debt of just over $400k, is currently undergoing an audit and just reduced the OS by 10 million shares. VAPR is an exciting story developing in small caps; since the change of control, acquisitions of E-Cite Motors, Acclaimed Automotive and the assets of renowned N2A motors and move into the EV business, VAPR is currently developing its new EV sportscar codenamed the “E-CGT” in the Company’s Bothell, WA facility. The “E-CGT” is a two seat sportscar that resembles a modern version of a legendary vehicle that was produced in the late 60s and early 70s. The E-CGT also features an easily removable hardtop section of the roof that stores in the front boot while still providing storage in the trunk for at least two sets of golf clubs. E-Cite Motors has key advantage over other auto manufacturers. Because E-Cites vehicles qualify under the “Low Volume Vehicle Manufacturers Act of 2015” the EVs do not have to meet any of the safety or other costly certifications of a traditional auto manufacturer meaning VAPR bring new EVs to market in less than a year compared to the minimum 3-year time line for its competitors. We will be updating on VAPR when more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in VAPR either long or short and we have not been compensated for this article.

The post E-Cite Motors (OTCMKTS: VAPR) Major Run as E-Cite Motors Goes Public & New EV Co Develops its New Electric Vehicle the “E-CGT” at its Bothell, WA Facility first appeared on Micro Cap Daily.

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