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.
Vision Marine Technologies (Nasdaq:VMAR) has announced its comprehensive 2025 boat show schedule, spanning 12 major events across North America from January to May. The company will showcase its electric powertrain technology, latest electric boats, and introduce new electric pontoons available for delivery starting spring 2025.
The schedule includes prominent shows in Hartford, Los Angeles, Toronto, New York, Long Beach, Miami, San Diego, Montreal, Atlantic City, Palm Beach, Newport Beach, and South Florida. At these events, attendees can engage with experts, witness live demonstrations, and explore the company's zero-emission boating solutions. The shows will also serve as platforms for Vision Marine to expand its dealer network for both new and existing product lines.
Different boats, including E-Motion™ equipped models, will be displayed at select locations, with purchase inquiries available at all venues. The new electric pontoons will be available for testing and purchase at specific locations.
Vision Marine Technologies (NASDAQ:VMAR) has successfully completed an at-the-market (ATM) offering, raising US$11.75 million in gross proceeds and US$11.2 million in net proceeds. The company plans to use the funds for general corporate purposes and strategic acquisitions to expand market presence and enhance technological capabilities.
Following the ATM executions, Vision Marine's total outstanding common shares will be 5,522,029, with approximately US$7.1 million of cash available. The ATM offering was conducted through a sales agreement with Think Equity established on October 17, 2024, allowing share sales at prevailing market prices.
The company, which specializes in electric marine propulsion systems, aims to leverage this capital to accelerate growth and strengthen its position in the sustainable boating solutions market.
Vision Marine Technologies (Nasdaq: VMAR) has partnered with Calip Group to establish a production line for custom cooling plates enhancing thermal management in high-voltage marine battery packs. The production is set to begin in 2025.
The collaboration addresses key challenges in marine battery applications, which require sustained high-power delivery unlike typical HV batteries designed for brief power bursts. Vision Marine's specialized cooling plates improve heat dissipation and stabilize cell temperatures, enhancing reliability and extending operational life under rigorous marine conditions.
The E-Motion™ Powerpacks, among the first battery packs specifically designed for electric marine propulsion, feature IP67-rated stainless-steel construction and advanced thermal management systems. They integrate into boats ranging from 18 to 34 feet and have maintained a perfect safety record with no thermal runaway incidents.
Vision Marine Technologies (NASDAQ: VMAR), founded in 2002, has evolved from producing small electric boats for rentals to becoming a pioneer in electric boating technology. The company currently manufactures 50-60 small electric boats annually and provides electric powertrain technology to other boat manufacturers.
Key achievements include setting speed records in 2022 and 2023, reaching 116 miles per hour with their electric outboards. Their system offers significant advantages including lower maintenance requirements, reduced operating costs (approximately $5 per full charge), and minimal environmental impact.
The company has completed 21 integrations on different boat types and is expanding significantly in the pontoon market with six different brand integrations. Vision Marine currently offers three pontoon brands with about 60 different models and four types of smaller boats, all manufactured in Montreal and sea certified. The company plans to expand its product offerings and participate in 10-12 boat shows, anticipating potential doubling of sales from the previous year.
Vision Marine Technologies (Nasdaq:VMAR) has partnered with Armada Pontoons to develop an innovative electric pontoon boat targeting North America's regulated lakes. The collaboration aims to meet growing demand for eco-friendly, regulation-compliant boating solutions across the continent's extensive network of lakes.
The initiative addresses markets where only electric motors are permitted, particularly in states like Georgia, North Carolina, Ohio, and Pennsylvania. With approximately 479,950 lakes in the contiguous United States and over 3 million lakes in Canada, the market potential is significant. The new pontoon will be showcased at major boat shows throughout 2025, including events in Florida, California, Montreal, and Toronto.
Vision Marine Technologies (NASDAQ: VMAR) has announced strategic partnerships to advance the electric boating industry. The company partnered with Massimo Marine to produce a 30-foot electric pontoon platform and with Smoker Craft Inc. for pontoon manufacturing. According to Future Market Insights, the global electric boats market is expected to grow from $5.6 billion in 2023 to $15.1 billion by 2033, with a CAGR of 10.4%. The US pontoon boat market showed strong growth with 115,000 units sold in 2023, up 5% from 2022. The partnerships aim to deliver high-quality electric marine products through direct-to-consumer and distribution networks.
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.
Vision Marine Technologies (Nasdaq: VMAR) has partnered with Massimo Marine to produce a 30-foot electric pontoon platform for commercial and recreational markets. The collaboration leverages Vision Marine's electric propulsion expertise and Massimo's manufacturing capabilities in Garland, Texas. The partnership aims to address the growing pontoon boat market, which saw 115,000 units sold in 2023, up 5% from 2022. The initiative aligns with Vision Marine's strategy to offer complete electric boats directly to consumers, while also utilizing Massimo Marine's distribution network. The electric pontoon platform will be eligible for various government incentives and targets the sustainable marine transportation sector.
Vision Marine Technologies (NASDAQ:VMAR) announces its participation in the grand opening of Aileron, a $300 million luxury residential project in Dania Beach, Florida. The company will showcase Fantail 217 electric boats and the award-winning Four Winns H2e Bowrider at the launch event on November 21, 2024. Vision Marine secured exclusive rights to 400 lineal feet of commercial docks at this location in October 2021, establishing it as a premier sales location for their E-Motion Powertrain System. The facility will serve as a rental center, distribution hub, and electric boat club. The 17-story Aileron project, developed by LYND Living, features 380 luxury residences and represents a strategic location for Vision Marine's expansion in Florida's boating market.
Vision Marine Technologies (Nasdaq:VMAR) announces a production partnership with Smoker Craft Inc. to manufacture electric pontoons integrating Vision Marine's 180 HP electric propulsion systems. The collaboration focuses on developing a state-of-the-art pontoon platform specifically designed for the P-Powerpack and E-Motion™ 180E Electric Powertrain. The new pontoons will primarily target rental operations, boat clubs, and commercial applications. Smoker Craft's manufacturing facilities will provide precision engineering and laser cutting technology to ensure high-quality production. This partnership aims to meet increasing market demand and enable Vision Marine to scale production of their electric boating solutions.
