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Vision Marine Technologies Strengthens Partnership with Electrified Marina to Propel Electric Boating on the East Coast

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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) ha rafforzato la sua partnership con Electrified Marina, l'unico rivenditore di imbarcazioni 100% elettriche del paese. La collaborazione mira ad ampliare l'accesso dei consumatori a soluzioni di navigazione ad alte prestazioni e a zero emissioni lungo la Costa Est.

Electrified Marina, con sede a Norfolk, Virginia, riceverà risorse aggiuntive per migliorare il suo ruolo come distributore della tecnologia di propulsione elettrica E-Motion™ di Vision Marine. L'azienda offre barche elettriche ad alta potenza, crociera elettriche a bassa potenza, una flotta di noleggio completamente elettrica e servizi di conversione. Inoltre, Electrified Marina sta lavorando per trasformare Willoughby Marina nella marina più sostenibile del mondo.

La partnership fa parte della strategia di Vision Marine di espandere la sua rete di rivenditori e accelerare l'adozione della propulsione elettrica nell'industria della nautica ricreativa. Electrified Marina è stata co-fondata da Erick Pinzon, Jr., un ex specialista del servizio Tesla, ed è diventata un attore chiave nel settore della nautica elettrica.

Vision Marine Technologies (NASDAQ:VMAR) ha fortalecido su asociación con Electrified Marina, el único distribuidor de embarcaciones 100% eléctricas del país. La colaboración tiene como objetivo ampliar el acceso de los consumidores a soluciones de navegación de alto rendimiento y cero emisiones a lo largo de la Costa Este.

Electrified Marina, ubicada en Norfolk, Virginia, recibirá recursos adicionales para mejorar su papel como distribuidor de la tecnología de propulsión eléctrica E-Motion™ de Vision Marine. La empresa ofrece barcos eléctricos de alta potencia, cruceros eléctricos de baja potencia, una flota de alquiler totalmente eléctrica y servicios de conversión. Además, Electrified Marina está trabajando en transformar Willoughby Marina en la marina más sostenible del mundo.

La asociación es parte de la estrategia de Vision Marine para expandir su red de distribuidores y acelerar la adopción de la propulsión eléctrica en la industria de la navegación recreativa. Electrified Marina fue cofundada por Erick Pinzon, Jr., un exespecialista en servicio de Tesla, y se ha establecido como un actor clave en el sector de la navegación eléctrica.

비전 마린 테크놀로지스 (NASDAQ:VMAR)는 미국 유일의 100% 전기 수상 운송 수단 딜러인 일렉트리파이드 마리나와의 파트너십을 강화했습니다. 이 협력은 동부 해안에서 고성능의 제로 배출 보트 솔루션에 대한 소비자 접근성을 확대하는 것을 목표로 합니다.

버지니아주 노포크에 본사를 둔 일렉트리파이드 마리나는 비전 마린의 E-Motion™ 전기 추진 기술의 유통업체로서의 역할을 강화하기 위해 추가 자원을 받게 됩니다. 이 회사는 고출력 전기 보트, 저출력 전기 크루저, 전기 렌탈 함대 및 개조 서비스를 제공합니다. 또한 일렉트리파이드 마리나는 윌로우비 마리나를 세계에서 가장 지속 가능한 마리나로 변모시키기 위해 노력하고 있습니다.

이 파트너십은 비전 마린의 딜러 네트워크를 확장하고 레크리에이션 보트 산업에서 전기 추진의 채택을 가속화하기 위한 전략의 일환입니다. 일렉트리파이드 마리나는 테슬라 서비스 전문가 출신의 에릭 핀존 주니어가 공동 설립하였으며, 전기 보트 분야에서 핵심 플레이어로 자리 잡았습니다.

Vision Marine Technologies (NASDAQ:VMAR) a renforcé son partenariat avec Electrified Marina, le seul revendeur de bateaux 100% électriques du pays. La collaboration vise à élargir l'accès des consommateurs à des solutions de navigation haute performance et zéro émission le long de la côte Est.

Electrified Marina, basée à Norfolk, en Virginie, recevra des ressources supplémentaires pour améliorer son rôle en tant que distributeur de la technologie de propulsion électrique E-Motion™ de Vision Marine. L'entreprise propose des bateaux électriques haute puissance, des croiseurs électriques basse puissance, une flotte de location entièrement électrique et des services de conversion. De plus, Electrified Marina travaille à transformer Willoughby Marina en la marina la plus durable au monde.

Le partenariat fait partie de la stratégie de Vision Marine pour étendre son réseau de revendeurs et accélérer l'adoption de la propulsion électrique dans l'industrie de la navigation de loisir. Electrified Marina a été cofondée par Erick Pinzon Jr., un ancien spécialiste du service Tesla, et s'est imposée comme un acteur clé dans le secteur de la navigation électrique.

Vision Marine Technologies (NASDAQ:VMAR) hat seine Partnerschaft mit Electrified Marina, dem einzigen 100 % elektrischen Wasserfahrzeughändler des Landes, gestärkt. Die Zusammenarbeit zielt darauf ab, den Verbrauchern den Zugang zu leistungsstarken, emissionsfreien Bootslösungen an der Ostküste zu erweitern.

Electrified Marina mit Sitz in Norfolk, Virginia, wird zusätzliche Ressourcen erhalten, um ihre Rolle als Vertriebspartner für die E-Motion™-Elektroantriebstechnologie von Vision Marine zu verbessern. Das Unternehmen bietet leistungsstarke Elektroboote, schwachmotorisierte Elektrocruiser, eine vollständig elektrische Mietflotte und Umbauservices an. Darüber hinaus arbeitet Electrified Marina daran, die Willoughby Marina in die nachhaltigsten Marina der Welt zu verwandeln.

Die Partnerschaft ist Teil der Strategie von Vision Marine, sein Händlernetz zu erweitern und die Einführung von Elektroantrieben in der Freizeitbootindustrie zu beschleunigen. Electrified Marina wurde von Erick Pinzon Jr., einem ehemaligen Tesla-Service-Spezialisten, mitbegründet und hat sich als wichtiger Akteur im Bereich des elektrischen Bootfahrens etabliert.

Positive
  • Strategic expansion of dealer network through partnership with the nation's only 100% electric watercraft dealer
  • Enhanced distribution channel for E-Motion™ technology on the East Coast
  • Diversification of product offerings through partner's full-spectrum electric boating services
Negative
  • None.

Insights

The strategic partnership between Vision Marine and Electrified Marina marks a significant development in the marine electrification sector, particularly noteworthy for its multi-faceted approach to market penetration.

The involvement of former Tesla infrastructure specialist Erick Pinzon brings valuable expertise in scaling electric vehicle adoption - a critical factor often overlooked in the marine sector's electrification journey. This Tesla DNA could prove instrumental in addressing common adoption barriers such as range anxiety and charging infrastructure development.

The partnership's comprehensive strategy encompasses several key revenue streams:

  • High-performance E-Motion™ system sales targeting the premium segment
  • Lower-powered electric cruiser distribution for the leisure market
  • Rental fleet operations providing important 'try-before-buy' opportunities
  • Conversion services targeting the existing boat market

The Willoughby Marina redevelopment project is particularly significant as it could serve as a proof-of-concept for sustainable marine infrastructure. This model could be replicated across other locations, creating a network effect that accelerates adoption of electric boating technology.

The East Coast focus is strategically important given the region's high concentration of recreational boating activity and environmental consciousness. The partnership effectively creates a complete ecosystem for electric boating adoption - from first exposure through rentals to full ownership and infrastructure support.

However, the success of this initiative will largely depend on execution, particularly in areas such as service capability development and charging infrastructure deployment. The conversion services offering could be especially important in the near term, as it provides a bridge for traditional boat owners to transition to electric propulsion while maintaining their existing vessels.

MONTREAL, QC / ACCESS Newswire / February 19, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a company specializing in electric marine propulsion, is pleased to announce an enhanced collaboration with Electrified Marina, the nation's only 100% electric watercraft dealer.Vision Marine Technologies

Vision Marine Technologies
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Co-founded by Erick Pinzon, Jr., a former Tesla service and charging infrastructure specialist, Electrified Marina has become a key player in the electric boating sector. Known for its deep industry knowledge, Electrified Marina has built a strong reputation by selling and operating both high-powered electric boats and low-powered electric cruisers, making electric boating accessible to a diverse range of customers.

Through this strengthened partnership, Vision Marine will provide Electrified Marina with additional resources to bolster its role as a leading distributor and ambassador for Vision Marine's E-Motion™ electric propulsion technology. This initiative aims to expand consumer access to high-performance, zero-emission boating solutions along the East Coast.

Erick Pinzon and his team at Electrified Marina have demonstrated exceptional expertise and a shared commitment to electric boating," said Alexandre Mongeon, CEO and Co-Founder of Vision Marine Technologies. "By deepening our collaboration, we aim to accelerate the adoption of electric propulsion and offer unparalleled experiences to our customers."

A Full-Spectrum Electric Boating Experience

Electrified Marina, based in Norfolk, Virginia, is more than just a dealer-it is a pioneer in the transition to electric boating. The company specializes in:

  • High-powered electric boats featuring Vision Marine's E-Motion™ propulsion system, catering to customers looking for power and performance.

  • Low-powered electric cruisers, ideal for leisurely, efficient, and silent boating experiences, making electrification accessible to all types of boaters.

  • An all-electric rental fleet, allowing customers to experience electric boating firsthand.

  • Conversion and repower services, transforming traditional gas-powered boats into clean electric alternatives.

Electrified Marina is also spearheading the redevelopment of Willoughby Marina into the world's most sustainable marina, reinforcing its dedication to a cleaner marine environment.

"Partnering with Vision Marine aligns perfectly with our mission to lead the marine industry's transition to a more sustainable future," said Erick Pinzon, Co-Owner of Electrified Marina. "With Vision Marine's support, we are better equipped to provide our customers with cutting-edge electric boating solutions that are both high-performing and environmentally friendly."

A Strategic Expansion of Vision Marine's Dealer Network

This partnership underscores Vision Marine Technologies' commitment to expanding its dealer network, ensuring that both high-performance electric propulsion and accessible electric cruising options reach a broader audience.

By leveraging trusted partners like Electrified Marina, Vision Marine is paving the way for widespread electric boat adoption across North America.

About Vision Marine Technologies (NASDAQ: VMAR)

Vision Marine Technologies is revolutionizing the recreational boating industry with its proprietary E-Motion™ 180E powertrain, the first fully industrialized electric propulsion system designed for high-performance applications. With a focus on delivering unparalleled power, efficiency, and ease of integration, Vision Marine enables boat manufacturers and dealers to transition seamlessly to electrification.

For more information, visit www.visionmarinetechnologies.com.

About Electrified Marina

Electrified Marina is America's only 100% electric watercraft dealer, offering a wide range of electric boats for sale and rent in Norfolk, Virginia. Founded by industry veterans with backgrounds in Tesla and SpaceX, the company is dedicated to pioneering the marine industry's transition to a more sustainable future.

For more information, visit www.electrifiedmarina.com.

Investor and Company Contact:

Vision Marine Technologies
Bruce Nurse
(303) 919-2913
bn@v-mti.com

Website: visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies

SOURCE: Vision Marine Technologies Inc.



View the original press release on ACCESS Newswire

FAQ

What is the impact of Vision Marine's (VMAR) partnership with Electrified Marina?

The partnership expands VMAR's distribution network on the East Coast, providing additional resources to Electrified Marina to promote and distribute Vision Marine's E-Motion™ electric propulsion technology, ultimately increasing consumer access to electric boating solutions.

What services does Electrified Marina offer for VMAR products?

Electrified Marina offers high-powered electric boats with VMAR's E-Motion™ system, low-powered electric cruisers, an all-electric rental fleet, and conversion services for traditional gas-powered boats.

Where is VMAR's new partner Electrified Marina located?

Electrified Marina is based in Norfolk, Virginia, where they are also working on transforming Willoughby Marina into the world's most sustainable marina.

How does this partnership align with VMAR's business strategy?

The partnership aligns with VMAR's strategy to expand its dealer network and accelerate the adoption of electric propulsion in the recreational boating industry through trusted partners.

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