Massimo Marine and Vision Marine Technologies Announce Production Partnership for First Commercial Electric Pontoon Platform
Massimo Group (NASDAQ: MAMO) has partnered with Vision Marine Technologies to produce a fully integrated 30-foot electric pontoon platform for commercial and recreational markets. Massimo Marine will supply pontoon boats equipped with Vision Marine's E-Motion™ 180E Powertrain System. The collaboration aims to capitalize on the growing U.S. pontoon boat market, which reached 115,000 units in 2023, a 5% increase from 2022. The partnership leverages Vision Marine's electric propulsion expertise and Massimo's manufacturing capabilities in Garland, Texas, focusing on delivering zero-emission solutions through direct-to-consumer and distribution networks.
Massimo Group (NASDAQ: MAMO) ha collaborato con Vision Marine Technologies per produrre una piattaforma pontoon elettrica da 30 piedi completamente integrata per i mercati commerciali e ricreativi. Massimo Marine fornirà barche pontoon equipaggiate con il sistema E-Motion™ 180E di Vision Marine. La collaborazione mira a sfruttare l'incremento del mercato delle barche pontoon negli Stati Uniti, che ha raggiunto 115.000 unità nel 2023, con un aumento del 5% rispetto al 2022. La partnership sfrutta l'expertise della propulsione elettrica di Vision Marine e le capacità produttive di Massimo a Garland, Texas, concentrandosi sulla fornitura di soluzioni a zero emissioni attraverso reti di vendita diretta e distribuzione.
Massimo Group (NASDAQ: MAMO) se ha asociado con Vision Marine Technologies para producir una plataforma de pontón eléctrica de 30 pies completamente integrada para los mercados comerciales y recreativos. Massimo Marine suministrará botes de pontón equipados con el sistema E-Motion™ 180E de Vision Marine. La colaboración tiene como objetivo capitalizar el creciente mercado de botes de pontón en EE. UU., que alcanzó 115,000 unidades en 2023, un aumento del 5% respecto a 2022. La asociación aprovecha la experiencia de Vision Marine en propulsión eléctrica y las capacidades de manufactura de Massimo en Garland, Texas, centrando su atención en ofrecer soluciones sin emisiones a través de redes directas al consumidor y de distribución.
Massimo Group (NASDAQ: MAMO)은 Vision Marine Technologies와 협력하여 상업 및 레크리에이션 시장을 위한 완전히 통합된 30피트 전기 폰툰 플랫폼을 생산합니다. Massimo Marine은 Vision Marine의 E-Motion™ 180E 파워트레인 시스템을 장착한 폰툰 보트를 제공합니다. 이 협력은 2023년에 115,000대에 이른 증가하는 미국 폰툰 보트 시장을 활용하는 것을 목표로 합니다. 이 파트너십은 Vision Marine의 전기 추진 전문성과 텍사스 가 랜드에 있는 Massimo의 제조 능력을 활용하며, 소비자 직접 판매 및 유통 네트워크를 통해 제로 배출 솔루션을 제공하는 데 주력합니다.
Massimo Group (NASDAQ: MAMO) s'est associé à Vision Marine Technologies pour produire une plateforme de ponton électrique de 30 pieds entièrement intégrée pour les marchés commerciaux et récréatifs. Massimo Marine fournira des bateaux-pontons équipés du système de propulsion E-Motion™ 180E de Vision Marine. Cette collaboration vise à tirer parti du marché croissant des bateaux pontons aux États-Unis, qui a atteint 115 000 unités en 2023, soit une augmentation de 5 % par rapport à 2022. Ce partenariat s'appuie sur l'expertise de Vision Marine en matière de propulsion électrique et sur les capacités de fabrication de Massimo à Garland, au Texas, en se concentrant sur la fourniture de solutions à zéro émission via des réseaux de vente directe aux consommateurs et de distribution.
Massimo Group (NASDAQ: MAMO) hat eine Partnerschaft mit Vision Marine Technologies geschlossen, um eine vollständig integrierte 30-Fuß-Elektro-Ponton-Plattform für den kommerziellen und Freizeitmarkt zu produzieren. Massimo Marine wird Pontonboote mit Vision Marines E-Motion™ 180E Antriebssystem ausstatten. Die Zusammenarbeit zielt darauf ab, vom wachsenden US-Pontonbootmarkt zu profitieren, der 2023 115.000 Einheiten erreicht hat, was einem Anstieg von 5 % im Vergleich zu 2022 entspricht. Die Partnerschaft nutzt das Fachwissen von Vision Marine in der elektrischen Antriebstechnik sowie die Produktionsfähigkeiten von Massimo in Garland, Texas, und konzentriert sich darauf, emissionsfreie Lösungen über Direktvertriebs- und Vertriebsnetzwerke anzubieten.
- Partnership targets growing pontoon market with 115,000 units sold in 2023 (5% YoY growth)
- Product eligible for city, state, and federal grants and incentives
- Dual distribution strategy through direct-to-consumer and established networks
- None.
Insights
This strategic partnership marks a significant development in the electric marine sector. The
The partnership's focus on a factory-direct distribution model, combined with traditional networks, could optimize margins and market penetration. The timing aligns with increasing environmental regulations and growing demand for sustainable marine solutions. Eligibility for government incentives adds another layer of market appeal and potential revenue acceleration.
The partnership represents a strategic positioning in the growing zero-emission marine transportation sector. Access to government incentives at multiple levels (city, state, federal) creates a compelling value proposition for commercial operators looking to comply with tightening environmental regulations. The 30-foot platform's focus on both commercial and recreational markets maximizes the potential impact of this green technology transition.
The initiative aligns with broader marine industry sustainability trends and could benefit from increasing environmental compliance requirements in coastal and inland waterways. The turn-key solution approach removes adoption barriers for commercial operators seeking to transition to electric propulsion.
Fully Integrated 30-foot Electric Pontoon Platform Designed for Commercial and Recreational Markets Showcases Commitment to Innovation and Sustainability
The
"This product is the result of years of requests from nautical bases and operators who have been asking for a reliable, turn-key electric solution," said Alexandre Mongeon, CEO of Vision Marine. "With this partnership, we aim to bridge the gap efficiently, delivering what the industry has long demanded. By combining our world-record-breaking, third party-tested technology with Massimo Marine's manufacturing capabilities, we're creating a solution that we believe is as dependable as it is innovative."
Massimo Marine's advanced production facilities in
By offering a turn-key product through Vision Marine's direct-to-consumer approach and Massimo Marine's extensive distribution network, Massimo and Vision Marine believe that this partnership will greatly enhance accessibility to electric boating solutions.
This collaboration is more than a production partnership— Massimo and Vision Marine believe that it's a leap toward transforming the marine industry. By addressing the growing demand for zero-emission solutions and offering eligibility for grants and incentives at city, state, and federal levels, this electric pontoon platform can position itself as a cornerstone in sustainable marine transportation.
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR) is a pioneer in electric boating, recognized for its innovative E-Motion™ Electric Marine Powertrain Technology that offers a superior, zero-emission boating experience. With proprietary, turn-key electric solutions, Vision Marine combines cutting-edge technology, high-performance propulsion, and eco-friendly systems. The company has broken multiple electric world speed records, showcasing its commitment to pushing the boundaries of performance. Vision Marine is leading the transformation of the marine industry with unmatched power and efficiency for a cleaner future on the water. For more information, visit visionmarinetechnologies.com.
About Massimo Marine
Massimo Marine, a subsidiary of Massimo Group (NASDAQ: MAMO), was established in
About Massimo Group
Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor of powersports vehicles and pontoon boats. Founded in 2009, Massimo Motor believes it offers some of the most value packed UTV's, off-road, and on-road vehicles in the industry. The company's product lines include a wide selection of farm and ranch tested utility UTVs, recreational ATVs, and Americana style mini-bikes. Founded in 2020, Massimo Marine manufacturers and sells Pontoon and Tritoon boats with a dedication to innovative design, quality craftsmanship, and great customer service. Massimo Group is also developing electric versions of UTVs, golf-carts and pontoon boats. The company's 376,000 square foot factory is in the heart of the
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering and the use of proceeds thereof. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," "continue," "contemplate," "plan," and other words and terms of similar meaning. These forward-looking statements include information concerning statements regarding future cash needs, future operations, market positions, business plans and future financial results; and any other statements that are not historical facts. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Massimo, including those set forth in the "Risk Factors" section of Massimo's Annual Report on Form 10-K for the year ended December 31, 2023, as updated by Massimo's subsequent filings, with the SEC. Copies are available on the SEC's website, www.sec.gov. Massimo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact Information
Vision Marine Technologies Inc.
Bruce Nurse
303-919-2913
bn@v-mti.com
Massimo Group
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com
Massimo Group Investor Relations
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
MAMO@mzgroup.us
View original content to download multimedia:https://www.prnewswire.com/news-releases/massimo-marine-and-vision-marine-technologies-announce-production-partnership-for-first-commercial-electric-pontoon-platform-302319230.html
SOURCE Massimo Group
FAQ
What is the new partnership between Massimo Group (MAMO) and Vision Marine Technologies?
What is the market size for pontoon boats in 2023?
Where will Massimo Group (MAMO) manufacture the electric pontoons?
What distribution channels will be used for the new electric pontoon platform?
