- VMAR’s record underscores company’s commitment to innovation and excellence in the electric marine industry.
- CEO notes that company is “in a bold new development and training phase.”
- Company’s E-Motion 180E is a high-performance, 180-horsepower electric outboard motor designed to deliver exceptional speed and efficiency.
Vision Marine Technologies (NASDAQ: VMAR) has long demonstrated its leadership in marine electrification, with its E-Motion(TM) 180E-powered vessel holding the world record for the fastest electric boat. Set at the annual Lake of the Ozarks Shootout in Missouri, the record shows that VMAR’s craft reached an astonishing speed of 116 mph, surpassing its own previous record of 109 mph, set in 2022 (https://ibn.fm/LKHj1). This enduring achievement continues to underscore Vision Marine’s commitment to innovation and excellence in the electric marine industry.
“We’re in a bold new development and training phase, and Vision Marine is becoming the reference in America for electric boating,” said Vision Marine Technologies CEO and cofounder Alexandre Mongeon. “When we broke the record, we proved that electric boating can compete at the highest levels of performance. Today, that same technology is validated and available to customers through Florida’s strongest dealer platform. We remain faster than 80% of ICE boats at the Ozarks, underscoring our enduring performance edge, while building a sustainable foundation that creates lasting value for investors. Once the record is challenged, we will return with determination to push the boundaries even further.”
Founded in 2018, Vision Marine Technologies is a Canadian company specializing in the development and manufacturing of electric propulsion systems for the marine industry. Vision Marine’s mission is to revolutionize the boating experience by providing sustainable, high-performance electric solutions that cater to a growing demand for ecofriendly recreational watercraft.
The company’s flagship product, the E-Motion 180E, is a high-performance, 180-horsepower electric outboard motor designed to deliver exceptional speed and efficiency. So far, the E-Motion 180E has been successfully integrated into 25 different boat platforms, including pontoons, bowriders, dual consoles, center consoles and catamarans. This versatility demonstrates the adaptability of Vision Marine’s technology across various vessel types, making electric propulsion accessible to a broader range of boating enthusiasts.
In addition to its technological advancements, Vision Marine has established a robust distribution network through its Nautical Ventures division, which operates nine retail locations across Florida. With annual boat sales exceeding $100 million and a customer database of more than 50,000 boaters, Nautical Ventures provides a strong foundation for the widespread adoption of Vision Marine’s electric propulsion systems.
The company’s commitment to sustainability is further exemplified through its partnership with Octillion Power Systems, which supplies the high-performance battery packs for the E-Motion 180E (https://ibn.fm/XaGk6). These advanced battery systems ensure optimal performance and longevity, contributing to the overall efficiency and reliability of Vision Marine’s electric vessels.
Vision Marine Technologies’ dedication to innovation and sustainability has positioned it as a leader in the electric marine industry. With its world record–setting achievements, versatile propulsion systems and strong distribution network, the company is well equipped to meet the growing demand for eco friendly recreational boating solutions. As the marine industry continues to evolve, Vision Marine remains at the forefront, driving the transition toward a more sustainable and electrified future.
For more information, visit www.VisionMarineTechnologies.com.
NOTE TO INVESTORS: The latest news and updates relating to VMAR are available in the company’s newsroom at https://ibn.fm/VMAR
