Innovative EV Technologies, operating under the name E-Cite Motors Group, has announced a significant advancement in its corporate status. Formerly known as VaporBrands International, Inc. (OTC PINK: VAPR), the company has officially been approved to upgrade from the “Pink Current” tier to the new “OTCID” tier on the OTC Markets platform. This transition will take effect on July 1, 2025, with the ticker symbol changing to OTCID: VAPR.
This upgrade reflects E-Cite’s commitment to enhancing financial transparency and regulatory compliance, ultimately aimed at boosting investor confidence. The company will continue to trade without interruption during this transition, requiring no action from shareholders.
Barry Henthorn, CEO of E-Cite Motors Group, emphasized the importance of this milestone, stating, “Upgrading to the OTCID tier is more than a technical milestone; it’s a reflection of our long-term commitment to building value for our shareholders and positioning ourselves as a credible leader in the EV revolution.” He believes this change lays the groundwork for greater investor confidence and a broader market reach, enabling the company to scale its operations aggressively.
The OTCID tier, which replaces the current Pink Current tier starting July 1, 2025, sets new standards for transparency and disclosure. Companies meeting these requirements will see enhanced visibility in the market, while those that do not face potential downgrades. COO Gene Langmesser remarked, “This upgrade reflects the hard work and operational discipline we’ve implemented across all areas of our business,” noting its impact on market perception and investor trust as E-Cite continues to disrupt the automotive industry.
For investors, this upgrade opens doors to a broader audience, including institutional and sophisticated investors who prioritize high levels of disclosure and engagement. E-Cite is positioning itself alongside more established public entities, solidifying its place in the electric vehicle sector.
E-Cite’s ascension to the OTCID tier coincides with various strategic achievements, including:
- Accelerated U.S. Manufacturing Initiatives: The company is enhancing its domestic production capabilities by sourcing and assembling key components in the U.S.
- Innovative Vehicle Platform: E-Cite’s unique designation as a low-volume vehicle manufacturer allows it to expedite the introduction of new models while minimizing costs and regulatory hurdles.
- Expanding Product Line: The company is actively developing new electric vehicle models, including the RJ, RT, and GT series, with a focus on performance, safety, and sustainability.
- Partnership Leverage: E-Cite continues to forge strategic alliances that empower both innovation and growth.
Operating under a specialized low-volume vehicle manufacturing exemption, E-Cite Motors can bring cutting-edge vehicles to market much faster than traditional automakers, circumventing many cumbersome regulatory challenges.
With a modular and scalable platform designed for regulatory efficiency, E-Cite is well-positioned to respond quickly to market demands, thereby reducing capital requirements and accelerating time to market. This upgrade serves not only as a testament to the company’s progress but also as a stepping stone toward redefining the future of electric vehicles.
