Vision Marine Technologies Inc.
NASDAQCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Alexandre Mongeon
- Full Time Employees
- 154
- Sector
- Consumer Cyclical
- Industry
- Auto - Recreational Vehicles
- Address
- 730 Cure-Boivin Boulevard Boisbriand QC Canada J7G 2A7
- IPO Date
- Nov 23, 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.
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
Vision Marine Technologies Announces Next Phase of Its Marine Technology Strategy
Vision Marine Technologies Completes US$16.3 Million At-the-Market Equity Offering Program
Vision Marine Technologies Delivers 27% Sequential Q3 Revenue Growth
Vision Marine Technologies Enters Agreement to Sell 1400 S. Federal and Advances Florida Real Estate Optimization Supporting Approximately US$13.1 Million in Gross Proceeds, US$5.6 Million in Estimated Net Equity and US$3.5 Million in Annualized Cost Reductions
Vision Marine Technologies Completes Tender-Showroom Transition to Dania Beach Waterfront Location and Announces Pending Sale of 1440 S. Federal Property
Vision Marine Technologies Completes Tender-Rigging Consolidation at Fort Lauderdale Marina and Announces Pending Sale of Palm City Property
Vision Marine Technologies Files U.S. Patent Application for Dual-Mode Electric Outboard Trim Control
Vision Marine Technologies Enhances E-Motion™ Control-Electronics Production with Circuits Central
Vision Marine Technologies Receives USPTO Notice of Allowance for Electric-Vessel Powertrain Authentication Technology
VISION MARINE TECHNOLOGIES ANNOUNCES ROGER MOORE'S RETIREMENT AND EXECUTIVE LEADERSHIP TRANSITION AT NAUTICAL VENTURES
Vision Marine Technologies Highlights One Year of Nautical Ventures Integration, Operational Discipline and Platform Expansion
Vision Marine Technologies Announces Reverse Stock Split
Activation Following Lake Berryessa Electric Boat Festival Title Sponsorship
Vision Marine Technologies Extends Nextfour Agreement Through 2029 to Strengthen E-Motion™ Connected Platform Capabilities
Vision Marine Technologies Advances E-Motion™ Platform Through Real-World Boat Testing and System-Level Technology Improvements
Vision Marine Technologies Advances E-Motion™ Power Distribution Unit Manufacturability and Engages Contract Manufacturer to Support Production Planning
Vision Marine Technologies Expands South Florida Consumer Footprint with New Dania Beach Marine Technology and On-Water Experience Center
Vision Marine Technologies Receives First Octillion Power Systems Sample Packs, Advancing E-Motion™ Market Offering