Welcome to our dedicated page for Vision Marine Technologies news (Ticker: VMAR), a resource for investors and traders seeking the latest updates and insights on Vision Marine Technologies stock.
Vision Marine Technologies Inc. (NASDAQ: VMAR) is a pioneering company in the electric marine propulsion industry, committed to revolutionizing the boating experience with sustainable, zero-emission power solutions. Headquartered in Montreal, QC, Vision Marine is dedicated to combating waterway pollution by introducing innovative electric powertrain systems, high-performance electric powerboats, and related technologies.
The company's flagship product, the E-Motion™ outboard powertrain, is a fully electric outboard motor that integrates advanced battery packs, inverters, and high-efficiency motors. This system is designed not only to offer a noiseless and waveless boating experience but also to deliver higher speeds, longer ranges, and smoother rides compared to traditional internal combustion engines.
Vision Marine operates two primary business segments: the sale and rental of electric boats. The company offers a range of handcrafted electric recreational powerboats, including models like Bruce 22, Fantail 217, and Volt 180. While the majority of revenue is generated from boat rentals in locations such as Canada, the USA, and other countries, the company's primary market remains the United States.
Recent Achievements:
- Appointment of Raffi Sossoyan as CFO, bringing over 25 years of global financial and operational leadership experience.
- Commissioning of a state-of-the-art lithium battery production facility in Pompignac, France, through its partner Neogy, enhancing the supply chain for high-quality, high-voltage batteries.
- Development of a sophisticated test cell in collaboration with McLaren Engineering to measure the performance of the E-Motion™ 180E Electric Powertrain Systems.
- Filing several key patents, including a Communication Cryptographic System, Control & Power Management Software, and a high-voltage marine battery pack, underscoring the company's commitment to technological innovation.
- Strategic sale of one of its boat rental facilities in Newport Beach, California, to focus on advancing its core electric powertrain technology.
Vision Marine's dedicated research and development efforts are evident in their continuous filing of patents and introduction of new technologies. Their innovation extends to the development of a vehicle control unit (VCU) that maximizes the functionality of intelligent electric powertrains, enhancing both performance and safety.
The company's strategic focus on enhancing its manufacturing and production capabilities, combined with its commitment to sustainability, positions Vision Marine Technologies as a leader in the shift towards eco-friendly marine propulsion. Through partnerships, technological advancements, and a focus on design and craftsmanship, Vision Marine is reshaping the recreational boating industry for a more sustainable future.
Vision Marine Technologies (NASDAQ:VMAR) has signed a three-year exclusive supply agreement with MS Marine GmbH (STERK), positioning VMAR as the sole provider of electric propulsion systems for STERK boats. The agreement includes exclusive global distribution rights for electric-powered Sterk vessels equipped with Vision Marine's systems.
Under the partnership, Vision Marine will integrate its E-Motion™ 180E electric propulsion system into STERK boats, which will be assembled in Germany using Vision Marine's battery packs. The collaboration strengthens VMAR's European presence while enabling expansion into the North American market.
The agreement includes quality assurance measures, with Vision Marine working to certify boats equipped with the E-Motion™ 180E system to meet CE, USCG, ABYC, and NMMA standards. Additionally, Vision Marine will provide technical training to STERK's workforce for optimal integration and support.
Vision Marine Technologies (Nasdaq: VMAR) has filed a new patent application for its Outboard Power Control Unit (PCU) designed for Electric Marine Vessels. The PCU features autonomous management of propulsion parameters and cooling operations, utilizing a dual-CAN bus architecture for enhanced communication with internal sensors and external vessel control units.
The PCU's distributed control system simplifies electric marine propulsion through its modular design, making it easier for manufacturers to integrate additional components. Key features include autonomous management of power, torque, and cooling, advanced safety mechanisms with 12V power-state electronic protection, and support for remote diagnostics and firmware updates.
This innovation strengthens Vision Marine's E-Motion™ propulsion line by offering superior control and safety features for the electric marine market. The PCU complements the E-Motion 180e powertrain, providing OEMs with a comprehensive solution that combines high performance with operational simplicity and safety.
Vision Marine Technologies (NASDAQ:VMAR) has announced a stock repurchase program approved by its Board of Directors, authorizing the buyback of up to 5% of its issued and outstanding common shares. The company plans to implement this through a 10b-18 trading plan, with the timing and amount of repurchases to be determined according to the plan.
As of February 20, 2025, Vision Marine has 9,813,429 common shares outstanding and a cash balance of approximately $10.6 million. The company's CEO, Alexandre Mongeon, stated that while Vision Marine has made significant progress in marine electrification, the current stock price doesn't reflect the company's value and potential. The repurchase program aims to enhance shareholder value and demonstrate confidence in their vision for industrialized, turnkey electric powertrain solutions.
Vision Marine Technologies (NASDAQ:VMAR) has strengthened its partnership with Electrified Marina, the nation's only 100% electric watercraft dealer. The collaboration aims to expand consumer access to high-performance, zero-emission boating solutions along the East Coast.
Electrified Marina, based in Norfolk, Virginia, will receive additional resources to enhance its role as a distributor of Vision Marine's E-Motion™ electric propulsion technology. The company offers high-powered electric boats, low-powered electric cruisers, an all-electric rental fleet, and conversion services. Additionally, Electrified Marina is working on transforming Willoughby Marina into the world's most sustainable marina.
The partnership is part of Vision Marine's strategy to expand its dealer network and accelerate the adoption of electric propulsion in the recreational boating industry. Electrified Marina was co-founded by Erick Pinzon, Jr., a former Tesla service specialist, and has established itself as a key player in the electric boating sector.
Vision Marine Technologies (NASDAQ:VMAR) announces its participation at the 2025 Carefree Boat Club Annual Conference from February 17-20 in Jupiter, Florida, as the exclusive electric boat provider. The company will showcase new rental-ready electric boats, including a 22' dual console boat and a 30' pontoon, both equipped with the E-Motion™ 180E HV Electric Powertrain technology.
Carefree Boat Club, operating in over 140 locations globally, will provide its operators the opportunity to experience Vision Marine's turnkey electric solutions firsthand. The E-Motion™ 180E HV powertrain delivers 180 HP of instant electric power, featuring immediate torque, smooth acceleration, and near-silent operation.
Vision Marine will host a presentation on February 18 at 2:50 PM, demonstrating why electric propulsion is advantageous for operators. The event will include sea trials of the new integrated models, highlighting Vision Marine's position as the only provider of fully industrialized electric powertrain solutions in the market.
Vision Marine Technologies (NASDAQ:VMAR) has expanded its partnership with Aileron Residences, a luxury waterfront community in Dania Beach, Florida. The partnership enables Vision Marine Electric Boat Rental to offer rental services and establish a new point of sale location. Future Aileron residents will receive automatic membership to Vision Marine's electric boat club, providing access to a fleet of high-performance electric vessels.
The partnership provides Vision Marine with dock space and storage for phased rental operations. The company plans to open a retail hub for electric marine technology at the location, targeting both residents and visitors. Vision Marine will offer flexible membership options, including standard membership with on-demand reservations and Prime Membership with priority booking and exclusive event access. The company has previously facilitated over 60,000 electric boat rentals across various locations.
Vision Marine Technologies (Nasdaq: VMAR) has appointed Pierre-Yves Terrisse to its Board of Directors. Terrisse, who has been advising the company for the past three years, brings over 25 years of experience in capital markets, financial analysis, and corporate development. He currently serves as Vice President of Corporate Development at NanoXplore and has previously held senior roles at Industrial Alliance Capital Markets, Ventum, and Dundee Securities.
The appointment strengthens Vision Marine's leadership team with additional financial and strategic expertise as the company continues to expand its presence in the electric marine propulsion sector. Terrisse has been instrumental in providing strategic financial guidance and helping the company navigate key milestones in the electric marine sector.
Vision Marine Technologies (Nasdaq: VMAR) has filed a new patent application with the USPTO for a Distributed Control System Architecture designed for their E-Motion™ High Voltage Electric Marine Powertrain. The innovation replaces traditional wiring systems with a streamlined architecture using a Control Area Network (CAN) bus.
The system enables efficient communication between the Vessel Control Unit and key powertrain components, including high-voltage batteries, power distribution units, and electric motors. The technology aims to reduce wiring complexity, optimize power distribution, and improve system responsiveness through decentralized control.
Key benefits include reduced vessel weight, simplified maintenance, and increased compatibility across various electric marine applications. The development is part of Vision Marine's strategy to advance sustainable boating technology and address industry challenges in electric propulsion.
Vision Marine Technologies (Nasdaq:VMAR) will showcase its electric boats at the Miami International Boat Show from February 14-18, 2024, at the Nautical Ventures Electric Pavilion. The company will display three models: the Axopar Spyder 22, powered by the E-Motion™ 180E electric powertrain, the Phantom, a recyclable plastic boat accommodating up to 10 passengers, and the Fantail 217, an electric cruiser with nearly 50,000 rental bookings.
Vision Marine will participate in a Press Party at the Electric Pavilion on February 14th at 4:30 PM, focusing on electric boating technology innovations and their industry impact. The event is hosted by Nautical Ventures and Informa Group.
Vision Marine Technologies (Nasdaq:VMAR) has announced that one of their boats equipped with the E-Motion™ 180E Electric Marine HV Powertrain has received CE certification for European conformity. This certification represents a significant step in the company's European market expansion strategy.
The global electric boats market is projected to grow from $3.3 billion in 2023 to $7.7 billion by 2030, with a CAGR of 13.0%. The European market specifically is expected to expand from $2,090.69 million in 2022 to $4,404.83 million by 2028, at a CAGR of 13.2%.
The CE certification validates the E-Motion™ system's performance and reliability, potentially encouraging European manufacturers to adopt Vision Marine's electric propulsion solutions. The company sees this as a strategic advantage in the European market, where there is growing demand for sustainable boating solutions.
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