VAPR E-Cite
Motors Secures 2.2 Million Dollar Facility and Acquires Acclaimed
Auto Repair Supporting its' EV Auto Manufacturer with a Big
Advantage over Other Automobile Companies.
Bothell, WA /March 10, 2022 --
InvestorsHub NewsWire -- VaporBrands
International, Inc. (OTC PINK:VAPR) dba
E-Cite Motors www.ecitemotors.com
an innovative Electric Vehicle manufacturer announced that it
has secured a 2.2 million dollar facility and acquired 100% of Auto
Rescue, Repair, Repair, and Restoration dba "Acclaimed Auto
Repair" www.accliamedauto.com
also referred to as "AAR".
The facility which E-Cite now occupies and has signed a
structured purchase contract is located at 15812
116th Ave. N.E.
Bothell, WA 98011. It is roughly a 4,000 sq ft commercial building
that has been a successful auto repair shop under the previous
owner for more than 20 years. It contains 4 bays with lifts
(including a $30,000 laser alignment lift) a detail bay, office
space, customer lobby, a break room/kitchenette, and 2 bathrooms.
It also contains two ourside paved areas that can be used as is or
built on for expansion. Currently, joint use of the office,
customer waiting room, and 3 of the bays are leased from E-Cite
Motors to Acclaimed Auto. Also
included in the lease is an upstairs unit that is a 1200 sq ft open
office with a kitchenette and 3rd bathroom.
It is isolated upstairs on its own floor with a separate entrance.
The upstairs is leased from E-Cite to an unrelated party for a term
of 10 years which increases 5% per
year.
Acclaimed Auto has continued in the long-standing success set
forth by its predecessor for more than two decades, and will
continue to operate as it has been as an automotive repair and
restoration shop generating revenues until E-Cite needs the space
that it is operating in.
E-Cite previously owned 33.33% of AAR, has completed the
acquisition, and it now owns 100%.
E-cite intends to use the facility for design, R&D,
prototyping, development, and corporate requirements. E-Cites
production of parts and assembly of vehicles will be primarily done
by a variety of partners.
Unlike competitors Tesla, 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 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 has developed a modular design that will be
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.
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.
About VaporBrands
International, dba E-Cite Motors.: www.vaporbrandsint.com www.ecitemotors.com
(OTC PK:VAPR) is a publicly traded
company based 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.
CONTACT:
VaporBrands International,
Inc.
ceo@vaporbrands.com
www.vaporbrandsint.com
www.ecitemotors.com
