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 leader in electric marine propulsion systems, driving innovation in sustainable boating solutions. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Investors and industry observers will find timely updates on earnings reports, product launches, and partnerships that shape VMAR's position in the marine technology sector. Our curated collection includes press releases related to the E-Motion™ powertrain advancements, sustainability initiatives, and market expansion efforts across North America and Europe.
Key content areas include technical innovations in zero-emission propulsion, regulatory milestones for marine transport, and operational updates from both sales and rental business segments. Bookmark this page to stay informed about Vision Marine's progress in transforming recreational boating through clean energy solutions.
Groupe Beneteau, a leader in recreational boating, has partnered with Vision Marine Technologies (NASDAQ: VMAR) to integrate high-power electric outboard motors into its boat models. This follows Beneteau's commitment to electric boating, showcased in their DELPHIA 11 model launched in March 2022. The first commercial offering powered by Vision Marine's E-Motion™ 180 hp system is expected under the Four Winns brand by spring 2023. The partnership aims to revolutionize boating with a 100% electric propulsion package, aligning with market demand for eco-friendly solutions.
Vision Marine Technologies (NASDAQ: VMAR) announced advancements in its E-Motion™ 180E electric outboard motor, currently under sea trials with major boat manufacturers. The company is responding to rising consumer demand for electric boating alternatives amid increasing fossil fuel prices. Vision Electric Boat Rental continues to grow, reporting a 27.7% increase in sales, with a fleet expansion from 22 to 30 boats. The company is also expanding its rental operations to Dania Beach, Florida, securing space for 25 electric boats. Vision Marine aims to lead the electric transition in the recreational boating industry.
Vision Marine Technologies (NASDAQ: VMAR) will present at the Planet MicroCap Showcase 2022 on May 4, 2022, at 2 PM EST in Las Vegas. Alan Gaines and Alex Mongeon will lead the presentation, engaging with investors and answering questions. The event aims to highlight Vision Marine's commitment to electrifying the recreational boating industry, promoting zero emissions and environmental sustainability. Investors can access the presentation via a webcast. For 1on1 meetings, attendees need to register in advance.
Vision Marine Technologies, Inc. (NASDAQ: VMAR) will present at the Planet MicroCap Showcase 2022 on May 4, 2022, at 2 PM EST in Las Vegas. Alan Gaines, Chairman, will lead the presentation and address investor questions. Attendees can register for 1-on-1 meetings and view the live webcast at the provided links. Vision Marine is a leader in electric boating technology, focusing on reducing waterway pollution with its innovative E-Motion™ outboard powertrain system, enhancing performance while promoting environmentally friendly recreational boating.
Vision Marine Technologies (NASDAQ: VMAR) has announced plans to expand its electric rental boat operation into Dania Beach, Florida. The new site will feature 25 electric boats as part of the Waves at Dania Beach development, which aims to enhance the local boating market. The company highlights its growing rental business, with its flagship operation in Newport Beach, California, having increased customer rentals from 8,000 in 2020 to 13,000 in 2021, generating $4.33 million in revenue. This expansion reflects Vision Marine's commitment to eco-friendly boating solutions.
Vision Marine Technologies (NASDAQ: VMAR) announced a joint development agreement with Weismann Marine to create a lower unit assembly for its E-Motion™ 180 HP outboard propulsion system. This collaboration aims to enhance efficiency and performance by minimizing power loss and operational noise while improving cooling for the electric powertrain. The MK5 prototype will contribute to a superior marine product and will be integrated with high-density lithium-ion batteries from Octillion Power Systems, specifically designed for the marine industry.
Vision Marine Technologies (NASDAQ: VMAR) has announced key partnerships to enhance its E-Motion™ 180E fully electric powertrain system. Collaborations with Linamar Corp and McLaren Engineering will facilitate scaling manufacturing processes, while an agreement with Octillion Power Systems provides exclusive access to high-density batteries tailored for boating. Additionally, Nextfour Solutions will assist in developing an advanced marine navigation console. The company's electric boat rental operations have seen a 62% increase in customers year-over-year, reaching over 13,000 in 2021.
Vision Marine Technologies has partnered with Nextfour Solutions to develop the Q Display, a multifunctional marine display for their E-Motion™ 180 electric powertrain. This innovative system integrates navigation, connectivity, and entertainment into a single user-friendly interface, enhancing the boating experience. With estimated sales of 70,000 pontoons in the U.S. in 2022 and the only EV system certified by both U.S. and Canadian Coast Guards, Vision Marine aims to disrupt traditional boating methods while promoting environmental sustainability.
Vision Marine Technologies (NASDAQ: VMAR) has partnered with Octillion Power Systems to produce a customized 35 KW high-density battery for the recreational boating market. This agreement allows Vision Marine to scale production, addressing a two-year backlog in performance batteries. The new battery system is compact and designed to fit various boats. With a projected 70,000 pontoons sold in the U.S. in 2022, this partnership enhances Vision Marine's capacity to supply fully electric motors and secure its supply chain, which meets stringent safety standards.
