- Business
- Vivic Corp. (OTCQB: VIVC) operates as a holding company engaged in the design, production, sale, distribution, operation, and servicing of luxury yachts, power boats, charter boats, and eco-friendly new energy boats through its subsidiaries. The company offers a diverse portfolio of core products and services, including the independently designed and manufactured VIVIC series of operational yachts such as VV1 (40 feet), VV2 (46 feet), V55 (55 feet), and V58 models targeted at yacht clubs and water tourism operators; fully electric and traditional power yachts encompassing leisure yachts, sea fishing yachts, diving functional yachts, party catamarans, and large sailboats; exclusive distribution rights outside Taiwan and the United States for the MONTE FINO series of luxury yachts from Kha Shing Enterprises (ranging from 45 to 130 feet); yacht maintenance, repair, and customization services; marina operations at facilities like Wenzhou Jiaxin No. 22 Yacht Pier and Pingtan No. 22 International Yacht Terminal; charter and experiential activities for events including family outings, corporate team building, and marine tourism; consulting in yacht industry planning, investment, and operations; marine training programs such as yacht driver's licenses and sailing courses; and platform services via Sea Blue media, yacht mall, and sharing platforms. Vivic Corp. maintains geographic operations across North America, Asia (with emphasis on China, Taiwan, Hong Kong, and Macau), and the Middle East, serving global yacht operators, clubs, high-net-worth individuals, and tourism businesses. Founded on February 16, 2017 and headquartered in Las Vegas, Nevada, the company has pursued strategic expansions including a January 2025 Joint Development Agreement with ACEL Power Inc. for electric catamaran yachts (models EV1, EV2, EV58) featuring advanced propulsion for sustainable marine solutions, followed by a major US$2.2 million order from ACEL in March 2025 for three electric yachts; ongoing negotiations for power battery cooperation with CATL to launch pure electric EV2 variants; establishment of production facilities in Hainan, China for up to 30 yachts annually; and strong preliminary revenue growth reported for the first half of fiscal 2025 driven by global charter demand.