E-Cite Motors Group, LLC
Producing state of the art iconic EV vehicles that are affordable, stylish, fun to drive, scalable, and commercially viable
$0
0
Investors
$50,000
Target Offering
$100.00
Minimum Investment
$1,235,000
Maximum Offering
$2.50
Unit Price
Offering Ends May 24, 2024
$0
0
Investors
$50,000
Target Offering
$100.00
Minimum Investment
$1,235,000
Maximum Offering
$2.50
Unit Price
Offering Expires May 24, 2024
The Offering:
Using state-of-the-art technology, a proprietary aluminum chassis, and composite body panels, E-Cite will revolutionize the American Sportscar, Truck/SUV, and Hypercar vehicle industry. With our new EV-GT, EV-GTS, RamboTruck, and EV-222 vehicle series.
| Offering Description | |
|---|---|
|
Offering Type: |
Reg CF |
|
Security Type: |
Common Membership Units |
|
Maximum Offering: |
$1,235,000 |
|
Target Offering: |
$50,000 |
|
Minimum Investment: |
$100 |
|
Available Units: |
494,000 |
|
Valuation: |
$75,000,000 |
|
Broker Dealer: |
Andes Capital |
|
Transfer Agent: |
KoreTransfer USA LLC |
|
Escrow Agent: |
Royalton |
|
Issuance Technology |
KoreConX Inc. |
Investment INcentives and Bonuses
VIP Early Bird Bonus
Super Early Bird Bonus
Early Bird Bonus
Silver
Invest $5,000+ and receive:
- $500 credit upon purchase of a vehicle
- Limited edition T-Shirt
Gold
- 5% Bonus Units
- $1,500 credit upon purchase of a vehicle
- Limited edition T-Shirt
Platinum
- 10% Bonus Units
- $2,500 credit upon purchase of a vehicle
- Limited edition T-Shirt
E-Cite
- 15% Bonus Units
- $100,000 credit upon purchase of a vehicle
- Limited edition scale model of E-Cite Vehicle
- Limited edition T-Shirt
Use of Proceeds
Based on the maximum amount of $1,235,000 is raised.
Intermediary Fees
$37,050
Research and Development
$98,800
Prototype Build
$296,400
Testing and Certification
$98,800
Production Tooling
$209,950
Facilities
$98,800
Marketing
$296,400
Miscellaneous Fees
$98,800
Leadership:
Barry Henthorn
Gene Langmesser
Chief Operating Officer
Born in Detroit Michigan, (founder of N2A motors) has extensive years of domestic and international professional experience in the Sales, Business Development, Executive Business Operations, and the Product Design Engineering industry. He is an executive and has held these positions in both aerospace and automotive sectors of the world. Gene formed many teams over his career and has executed programs for both domestic and international Markets. He worked his way up through all the key job classifications and has performed these tasks from “art to part” interfacing with the entire executive team, sales and technical. In his career Gene set-up offices, design, engineering, rapid prototyping, mock-up and fabrication facilities. He has conducted international business in Germany, Italy, England, France, Poland and Mexico.
In 2016 Gene and N2A were task to design and build the first ever Hydrogen Hybrid Semi-Truck, by Nikola Motors. They delivered the entire carbon fiber body, all lighting, glass, mirrors, grills, emblems, full interior, dash, gauges, beds, seats, and many other aspects. N2A was also contracted by Nikola to build much of the first ever all-electric UTV 72 kWh EV buggy project that can hit zero to 60 in about 3 seconds.
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 in “Minority Report”, the transforming taxis in “Taxi”, fighter ships in “Battlestar Galactica”, the Batmobile in “Batman and Robin”, and the Terminators bodies in Terminator 3.
Gene holds credentials from U of M (BSME), Philpot, Batavia, CAD systems – DRAM, ADAMS, CATIA, CGS, Fisher Graphics, and multiple business and management courses. He wrote and passed CAD processes for complying seat belt restraint systems with Government standards (FMVSS 208). Gene also holds multiple patents, co-patents and a letter of recommendation from Porsche Engineering to the German government regarding his expert abilities. He sits on the Board of Directors of 3 companies 2 publicly traded.
Team:
Alberto Hernandez Mendoza
Alberto Hernandez Mendoza is a highly experienced Studio Chief with a unique background in engineering and design. Born in Hamilton, Ontario, Canada, he grew up in Mexico City where he obtained his undergraduate education. He later pursued graduate studies overseas. Despite being formally educated as an engineer, with a Bachelor of Science in Mechanical Engineering and a Master of Science in Systems Engineering, Alberto chose to pursue a career as an Industrial Designer in the automotive field.
At the beginning of his career, he focused mostly on designing racing cars, but he quickly expanded his expertise to include all types of vehicles and transportation in general. This led him to move to the United States in 1989, where he has worked as both an engineer and a stylist. Throughout his career, Alberto has successfully prototyped a wide range of vehicles with various objectives, including introducing conceptual ideas to the public, creating vehicles specifically for research and development purposes, and creating specialty vehicles for unique and demanding applications.
With over 20 years of experience, Alberto has worked with car manufacturers from all over the world, including Europe and Asia, as well as American companies. He has held several key positions in the industry, including Styling, Design, and Engineering Consultant at Moal Coachbuilders, Studio Chief Engineer at N2A Motors Inc., Chief Designer/Senior Project Manager at So-Cal Speed Shop, and Chief Designer/Engineer and Managing Director at Metalcrafters, Inc.
Alberto’s exceptional work has been recognized with several awards and honors. In 2012, he was part of a team that won the “America’s Most Beautiful Roadster Award,” and in 2015, he was inducted into the “Rod and Custom Hall of Fame” in the Designer/Illustrator category. These accomplishments reflect Alberto’s exceptional talent, dedication, and passion for his craft.
Alex Firth / Captive Spark
Chassis Lead
Alex Firth and his skilled team of designers, craftsmen, and vendors have the skill and capability to handle large-scale, labor-intensive projects and the production of high-quality finished products. Through a meticulous planning process and state-of-the-art design and fabrication, Captive Spark brings our vision to life. Alex offers an extensive range of services as part of our custom fabrication solutions. Services that include metal fabrication, welding, water jet cutting, CNC machining, design and build for the aerospace, automotive and industrial sectors of the world. Using advanced machinery like CNC Press Brake machines, Bystronic Press Brakes, we offer metal forming services that are based on a foundation of precision, performance and end-product quality.
Founded in 2001, Captive Spark is a custom metal fabrication shop and design studio that specializes in taking projects from concept through to finished product with an old world, artisan approach focused on quality, craftsmanship, and durability.
Why use an aluminum chassis? Aluminum is extensively used for automotive chassis and engine applications. Properties like useful strength, low density, high thermal conductivity, excellent machining behavior and good corrosion resistance are the main reasons for using Aluminum. Future Hybrid and Electro automobiles need lightweight designing materials like Aluminum because Batteries are heavy.
Elliot Pollock / Armada Engineering
Elliot Pollock launched Armada Engineering in 2011 fueled by the desire to overturn old school ideas about how race vehicles are engineered and designed in favor of innovation with leading-edge technology. Today Elliot has brought new life into race vehicle building from concept through high-quality finished product. His team of experienced engineers, fabricators, mechanics and ASME/AWS certified welders make sure that every detail is designed for off road dominance.
E-Cite and Armada’s Innovative engineering is what brings us together; Complete CAD services so that we can implement all ideas and designs into 3D CAD models using Solidworks. After all the CAD/engineering is completed, we move into the prototype phase and beyond.
One of Armada’s specialties is their advanced fabrication skills utilizing todays leading technology. From concept to reality, E-Cite truck projects will only be handled by our industry leading engineers, experienced fabricators, mechanics, and ASME/AWS certified welders. The mark of a superior vehicle are all in the details – which is why we’ve built an extensive network of production facilities and skilled craftsman to expertly bring conceptual ideas to life. From five-axis CNC to water jet cutting, laser cutting, CNC tube cutting (notching), bending and 3D laser scanning, we only work with innovative, leading-edge partners to execute our plans.
Elliot and Armada Engineering known for their offroad vehicle building in the race circuits. “You Theory” was their first client to contract them to build a Trophy Truck. Seasoned, off-road pro driver Jerry Whelchel approved. They built the first purpose built 6100 truck for client Chrisman Racing. Cody Waggoner owns the most cutting edge, one of its kind, Ultra 4 race cars with IFS and IRS, engineered and built by Armada Engineering. The ARMADA ENINGEERING HONEY BADGER CLASS 10 CAR, another example of innovative geometry from Elliot’s engineering team.
John Rook / Lera Glass
Alex Firth and his skilled team of designers, craftsmen, and vendors have the skill and capability to handle large-scale, labor-intensive projects and the production of high-quality finished products. Through a meticulous planning process and state-of-the-art design and fabrication, Captive Spark brings our vision to life. Alex offers an extensive range of services as part of our custom fabrication solutions. Services that include metal fabrication, welding, water jet cutting, CNC machining, design and build for the aerospace, automotive and industrial sectors of the world. Using advanced machinery like CNC Press Brake machines, Bystronic Press Brakes, we offer metal forming services that are based on a foundation of precision, performance and end-product quality.
Founded in 2001, Captive Spark is a custom metal fabrication shop and design studio that specializes in taking projects from concept through to finished product with an old world, artisan approach focused on quality, craftsmanship, and durability.
Why use an aluminum chassis? Aluminum is extensively used for automotive chassis and engine applications. Properties like useful strength, low density, high thermal conductivity, excellent machining behavior and good corrosion resistance are the main reasons for using Aluminum. Future Hybrid and Electro automobiles need lightweight designing materials like Aluminum because Batteries are heavy.
Casey Dmitriev
While being raised on Whidbey Island, WA, Casey found an early love for mechanics and Engineering, working with his stepfather restoring and customizing Harley Davidson motorcycles and classic Hotrods in his youth. He later began formal training achieving top honors studying vehicle design, custom painting, vehicle design fabrication, and general automotive repair. He continued his formal education earning certifications in automotive electrical, corporate business ethics, company management, and business ownership.
Caseys’ love for the automobile and flight time in a 2-seater vintage biplane and swept wing aircraft led him to a career restoring vintage military and civilian aircraft for a specialized high end aviation restoration facility outside Olympia Washington. Caseys’ reputation and wide range of skills in the restoration industry earned him the nick name of “Merlin” which blossomed into him working for some of the biggest specialized vehicle restoration and customization companies on the West Coast for over 30 years.
His work in custom and classic vehicles has been showcased in several magazines and car shows throughout the years. His career in restoration and one-off custom design builds gave him the opportunities to work with well-known celebrities and famous athletes on vehicles most technicians only dream of. In 2019 he became one of the founders of Auto Rescue, Repair, and Restoration, Inc. dba “Acclaimed Auto Repair” which was purchased by VaporBrands International, Inc. (now Innovative EV Technologies, Inc.) along with N2A Motors and E-Cite Motors, L.L.C. in 2021 to further the development and manufacturing of E-Cites electric vehicles. With years of experience in the industry and the wisdom of foresight knowing the future in EV’s Casey brings to the table, his inventiveness and eccentric viewpoints that are what most companies lack.
- earned income that exceeded $200,000 (or $300,000 together with a spouse or spousal equivalent) in each of the prior two years, and reasonably expects the same for the current year, OR
- has a net worth over $1 million, either alone or together with a spouse or spousal equivalent (excluding the value of the person’s primary residence), OR
- holds in good standing a Series 7, 65 or 82 license.
- After you review the offering statement and information and decide you’d like to invest and how much, you complete the application with the requested information and electronically sign the documentation.
- Andes Capital, the Broker Dealer, reviews the information for Anti-Money Laundering and Know Your Customer type reviews
- If you pass the review, Andes Capital initiates the funds via ACH or Credit Card (or you send the wire or check if applicable)
- If you don’t pass the review, Andes Capital or the Issuer will reach out to you to update information to clear you for the reviews or otherwise
- Once the funds have been cleared by the escrow agent (funds go directly there), Andes Capital will match your funds with your cleared application for investment, and issue you the stock by validating the subscription agreement and notifying the Transfer Agent to record your ownership on the Issuers capitalization table.
- If we bump up against any “hits” on our reviews, we are required to clear each one of those potential conflicts to evidence there are no issues.
- If the information provided is not correct or is incomplete, we will need to reach out and get this corrected.
- Even though funds are initiated or you see them pending in your funding source, this does not mean they are in the escrow account for the offering. Based on the payment rails available in the US, these funds may not appear in escrow for 1-2 days and then they have to sit there for a few days until the escrow agent is satisfied there doesn’t appear to be any issues
- Matching of payments to approved applications happens in batches, so while all ready to be closed, your application may be in the next batch.
Andes Capital Group is the FINRA/SEC registered Broker Dealer who has been engaged by the Issuer to act as the Onboarding Agent for this offering.
- Andes Capital Group is NOT soliciting this investment nor making any recommendations by collecting, reviewing and processing your application for investment.
- Andes Capital Group conducts Anti-Money Laundering, Identity and Bad Actor Disqualification reviews of the Issuer, and ensures they are a registered business in good standing.
- Andes Capital Group is NOT validating or approving the information provided by the Issuer or the Issuer itself.
- Contact information is provided for applicants to make inquiries and requests of Andes Capital Group regarding the general application process, the status of the application or general Reg CF regulation related information. Andes Capital Group may direct applicants to specific sections of the Offering Statement to locate information or answers to their inquiry but does not opine or provide guidance on Issuer related matters.
Andes Capital Group is compensated by the Issuer for providing its Broker Dealer Onboarding Agent services as disclosed in the Offering Statement. Andes Capital Group does NOT charge the applying investor any fees whatsoever.
By investing in an Issuer’s Reg CF offering where Andes Capital Group is the Broker Dealer Onboarding Agent, Andes Capital must ensure that you as the investor, do not breach the SEC’s limits on investing in Reg CF Offerings within a 12 month period. While it’s not a full-fledged brokerage account where we custody your holdings or recommend any investments, you will have an account at Andes Capital to track the investments made where Andes Capital was engaged as the Broker Dealer Onboarding Agent.
There is NO cost, charge or no annual fees etc. for this account whatsoever.
Applying investors with questions about the company or its product or the offering should submit their questions in the Discussion section of the investment website. This is a public forum where valid questions will be displayed for all to view, with responses clearly tagged with who the response is from (i.e., the Issuer, Andes Capital Group).
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Discussion:
Any questions about the offering should be submitted through the discussion forum. Once submitted and reviewed, the answers will be distributed through the forum.