Vision Marine Technologies Inc.
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in mil. unless spec.Company Description
- CEO
- Alexander Mongeon
- Full Time Employees
- 154
- Sector
- Consumer durables
- Industry
- Recreational products
- Address
- 730 Cure-Boivin Boulevard Boisbriand QC Canada J7G 2A7
- IPO Date
- Nov 24, 2020
- CIK
- 0001813783
- Website
- visionmarinetechnologies.com
- Similar Companies
- Business
- Vision Marine Technologies Inc. designs, develops, manufactures, rents, and sells electric boats and electric propulsion systems primarily focused on high-voltage electric outboard motors. Its core products include the E-Motion series electric outboard powertrain system, advanced battery packs, inverters, and high-efficiency motors integrated into electric recreational powerboats such as the Bruce 22, Fantail 217, and Volt 180. The company also provides maintenance, repair, and customer support services and manufactures customized boats. It serves original equipment manufacturers, retail customers, boat clubs, and boat rental operations across Canada, the United States, and internationally. Founded in 1995 and headquartered in Boisbriand, Quebec, Canada, Vision Marine operates in the recreational vehicles and consumer discretionary sectors. In the last 1-2 years, Vision Marine Technologies executed a significant strategic expansion through the acquisition of Nautical Ventures Group Inc., a leading multi-brand boat dealership network in Florida, recognized as the 2024 Boating Industry Top 100 Dealer of the Year. This acquisition expanded Vision Marine's retail footprint across eight high-traffic locations in Florida, enabled integration of its E-Motion 180E electric propulsion system across 24+ boat models covering 80% of Nautical Ventures’ inventory, and increased their multi-brand product offerings encompassing popular boat brands like Beneteau, Axopar, Highfield, Northstar, Wellcraft, and others. The integration has strengthened Vision Marine’s commercial performance with over 166 boat sales reported within 120 days and improved operational liquidity and efficiency. Vision Marine’s E-Motion 180E motor includes 13 patent-pending innovations such as cryptographic component authentication and overload protection, with industrial validation by McLaren Engineering and California CORE project approval, underlining its technical leadership and environmental focus on zero-emission marine propulsion. Vision Marine Technologies combines its two-pillar strategy of high-voltage electric propulsion technologies and the Nautical Ventures multi-brand retail and service network to deliver premium boating experiences and scale electric adoption across core North American recreational boating markets. The company’s flagship products emphasize superior performance, higher speeds up to 40 knots, longer range capabilities up to 100 nautical miles, quieter operation, and zero emissions, positioning Vision Marine as a leading innovator in electrically powered marine transportation. The company remains publicly listed on NASDAQ under the ticker VMAR. This expanded business model leverages technological innovation, strategic partnerships with major OEMs through licensing and white-labeling agreements, and a robust retail platform to accelerate industry transformation towards clean electric boating solutions. Vision Marine continuously focuses on optimizing capital structure, operational efficiencies, and scaling its market reach in both electric and internal combustion engine (ICE) boat segments. Overall, Vision Marine Technologies Inc. is a marine technology company focused on advancing electric marine propulsion, offering electric outboard motors, electric boats, and a broad, multi-brand retail platform enhanced by recent major acquisitions and strategic growth initiatives primarily in North America. Its headquarters is located at 730 Cure-Boivin Boulevard, Boisbriand, Quebec, Canada.
Company News
Vision Marine Technologies Appoints Marine Industry Veteran Mike Nance to Strengthen Nautical Ventures' Florida Sales Leadership
Vision Marine Technologies Activates Northpoint Inventory Financing Facility for Nautical Ventures
Vision Marine Technologies Inc. (NASDAQ:VMAR) Stock Short Interest Declines 45.4%
Vision Marine Technologies Invited to Suntex Marinas National Conference Following Lake Berryessa Electric Boating Activation
Vision Marine Technologies Files U.S. Patent Application to Advance E-Motion™ Charging Protection
Vision Marine Technologies Consolidates Public Market Listing on Nasdaq
Vision Marine Technologies Announces Reverse Stock Split
Vision Marine Technologies Signs Letter of Intent for Proposed Business Combination with an Undisclosed Counterparty
Vision Marine Technologies and Avikus, an HD Hyundai Company, Begin NEUBOAT Integration Partnership for E-Motion™ Electric Propulsion
Vision Marine Technologies' Nautical Ventures Expands Florida Gulf Coast Product Portfolio with Tahoe Pontoons
Vision Marine Technologies Strengthens E-Motion™ Technology Portfolio with Issuance of U.S. Powertrain Authentication Patent
Vision Marine Technologies Inc. (NASDAQ:VMAR) Sees Large Drop in Short Interest
Vision Marine Technologies Appoints Lakshmi Rampersaud as General Manager of Nautical Ventures Group
Vision Marine Technologies Authorizes Share Repurchase Program to Enhance Capital Allocation Flexibility and Long-Term Shareholder Value
Vision Marine Technologies Completes Sale of 1440 S. Federal Highway Under Florida Real Estate Optimization Plan
Vision Marine Technologies Advances European E-Motion™ Integration Program with STERK Yachts
Vision Marine Technologies Announces Corporate Governance Update
Vision Marine Technologies Introduces Connected Battery Monitoring App to Expand the Ownership Experience
Vision Marine Technologies Announces Nautical Ventures' Appointment as Exclusive STERK Yachts Dealer in Florida
Vision Marine Technologies Files U.S. Patent Application Covering Marine Low-Voltage Power Management