Vision Marine Technologies Inc., doing business as Canadian Electric Boat Company, designs, manufactures, rents, and sells electric powerboats in Canada. It offers powerboats to commercial and retail customers, as well as the operators of rental fleets. The company also designs, manufactures, and sells electric outboard powertrain systems and its related technologies to original equipment manufacturers. It also sells its products online. The company was formerly known as The Canadian Electric Boat Company. Vision Marine Technologies Inc. was founded in 1995 and is headquartered in Boisbriand, Canada.
IPO Year: 2020
Exchange: NASDAQ
Website: visionmarinetechnologies.com
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3 - Vision Marine Technologies Inc. (0001813783) (Issuer)
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The company achieved a 446% year-over-year increase in contracted high-margin electric boat sales.Electric Boat Sales & Market Deployment UpdateMONTREAL, March 18, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a marine technology company and vertically integrated multi-brand boat retail platform, today announced a 446% increase in electric boat sales under contract for the period beginning September 1, 2025 through late February 2026, compared to the same period in the prior year. Electric boat sales under contract totalle
Corporate Updates and StrategyMONTREAL, March 11, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a company specializing in electric marine propulsion and multi brand boat retail operations, today detailed its strategic focus on the North American pontoon segment, one of the most commercially significant categories in recreational boating. According to industry reporting based on data published by the National Marine Manufacturers Association, pontoon boats are estimated to have achieved 52,000 to 55,000 new unit sales in th
First High-Voltage Electric Outboard Above 150 HP to Offer This Level of Standard Coverage in North AmericaMONTREAL, March 9, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a marine technology company and vertically integrated multi-brand boat retail platform, today announced the introduction of a 6-Year Limited Powertrain Warranty for its flagship E-Motion™ 180E high-voltage electric outboard system for recreational boating applications. Based on publicly available information, Vision Marine believes it is the first manufa
MONTREAL, March 4, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a vertically integrated marine company combining proprietary propulsion technology with multi-brand retail and service operations, today demonstrated continued premium electric watersports performance across its Nautical Ventures dealer network following the Discover Boating® Miami International Boat Show, held February 11–15, 2026. At the Miami International Boat Show, Nautical Ventures' Watersports Division generated gross revenue within approximately 5% of
MONTREAL, March 2, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a vertically integrated marine platform combining proprietary propulsion technology, award-winning retail distribution, and direct-to-consumer operations, today reported strong year-over-year growth at its Portside Ventura, California rental location and announced the execution of a slip expansion lease to support continued West Coast scaling. Trip volume increased from 640 trips in 2024 to 1,708 trips in 2025, representing approximately 167% year-over-year g
MONTREAL, Feb. 26, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), an electric marine technology company specializing in high-voltage marine propulsion, together with its retail network, Nautical Ventures, an award-winning Florida-based dealership group, today announced that the United States Patent and Trademark Office has granted two U.S. patents covering foundational elements of its E-Motion™ 180E 180hp electric marine propulsion system. Both patents were issued on February 10, 2026, following applications filed in 2024.U
MONTREAL, Feb. 19, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), an electric marine technology company specializing in high-voltage marine propulsion, together with its recently acquired retail network, Nautical Ventures, an award-winning Florida-based dealership group, today announced the filing of a new U.S. patent application with the United States Patent and Trademark Office, supporting the continued development of its high-voltage electric marine powertrain platform. The patent filing relates to a modular mechanical i
MONTREAL, Feb. 17, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company") an electric marine technology company specializing in high-voltage marine propulsion, together with its recently acquired retail network, Nautical Ventures, an award-winning Florida-based dealership group, today announced that it has established a new floor plan financing program with Yamaha Motor Finance Corporation, U.S.A. ("Yamaha Financial Services") across its wholly owned marine dealership network, Nautical Ventures Group Inc. ("Nautical Ventures"). Thi
MONTREAL, Feb. 12, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), an electric marine technology company specializing in high-voltage marine propulsion, together with its recently acquired retail network, Nautical Ventures, an award-winning Florida-based dealership group, today announced the filing of a new U.S. patent application with the United States Patent and Trademark Office, further strengthening the intellectual property supporting its high-voltage electric marine powertrain platform. The patent filing relates to a
PALM CITY, Fla., Feb. 9, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a marine technology and retail platform company, today announced the opening of a new Nautical Ventures retail store in Palm City, Florida, marking a milestone of more than 1,100 yacht tenders sold across the Nautical Ventures network since 2021, supported through centralized rigging, integration, and delivery operations at the Palm City facility. The Palm City location has historically operated as a high-volume tender rigging, preparation, and logist
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DUBLIN, Feb. 27, 2025 (GLOBE NEWSWIRE) -- via IBN – Fusion Fuel Green PLC (NASDAQ:HTOO) ("Fusion Fuel" or the "Company"), a leading provider of gas and hydrogen energy solutions, today announced the appointment of Luisa Ingargiola to its Board of Directors, effective February 24, 2025. Ms. Ingargiola will serve as chairperson of the Audit Committee, replacing Rune Magnus Lundetrae, who will remain a member of the Board. She will also serve as a member of the Nominating Committee, Audit Committee, and Compensation Committee. Following Ms. Ingargiola's appointment, the Board will be comprised of six directors, four of whom have been determined by the Board to be "independent directors" under
MONTREAL, QC / ACCESSWIRE / March 1, 2024 /Vision Marine Technologies Inc. (NASDAQ:VMAR), a trailblazer in electric recreational boating, is thrilled to announce Raffi Sossoyan as its new Chief Financial Officer (CFO), effective March 1, 2024. This strategic appointment marks a significant step as Vision Marine gears up for an ambitious phase focused on manufacturing, production, and delivery, underlining the company's dedication to scaling its operations and enhancing its market footprint. Raffi Sossoyan brings a wealth of experience, with over 25 years in global financial and operational leadership. His recent role as Vice President, Corporate Treasury at Velan, Inc., a Canadian multinat
MONTREAL, QC / ACCESSWIRE / February 13, 2024 / Vision Marine Technologies Inc., (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreational boating industry, announced today the appointment of Anthony E. Cassella Jr., Executive Vice President Finance and Chief Accounting Officer of MarineMax, Inc. (NYSE:HZO) to the Company's Board of Directors as an independent director. This appointment reinforces Vision Marine's leading role in marine technology innovation and underscores its commitment to strong corporate governance. "Anthony brings a wealth of knowledge and experience to the Vision Marine Board, having served in roles
MONTREAL, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreational boating industry, today announced the resignation of Mr. Renaud Cloutier from the Board of Directors for personal reasons. Vision Marine is currently interviewing a number of potential candidates to join the Board and expects to make an appointment announcement in the coming weeks. "On behalf of the Vision Marine Board of Directors and the company, we would like to thank Mr. Renaud Cloutier for his valuable contributions to the Company over the past two years. We appreciate the opportunity
COLLINGWOOD, Ontario, Jan. 10, 2022 (GLOBE NEWSWIRE) -- The Limestone Boat Company Limited ("Limestone" or the "Company") (TSXV:BOAT) – owner and builder of Aquasport Boats, Limestone® Boats and Boca Bay Boats – is pleased to provide an update on its corporate activities and operational initiatives throughout 2021 as the Company heads into what is shaping up to be a very promising 2022. "As we enter the new calendar year, we remain extremely excited about the opportunity that lies before us," stated Limestone CEO Scott Hanson. "High retail demand continues to drive inventory levels across the industry to historically low levels and while global supply chain pressures continue to persist,
MONTREAL, May 25, 2021 (GLOBE NEWSWIRE) -- Vision Marine Technologies, Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company") is pleased to announce that Alan D. Gaines has been appointed to the Board of Directors and will serve as Chairman of the Board, replacing Mr. Robert Ghetti, who has resigned from Vision's board to devote more time to other business interests. "I am very pleased to join the board of Vision Marine Technologies and to support the highly experienced and forward thinking and ESG principled executive management team in its mandate to bring safe, eco-friendly, and low maintenance electric boating to the traditional internal combustion engine (ICE) mainstream marketplace
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MONTREAL, May 30, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneering force in recreational electric marine propulsion, proudly announces the acquisition of critical industrial tooling to support the production capacity of over 10,000 battery packs per year. This strategic milestone firmly establishes Vision Marine as a frontrunner in meeting the escalating demand for electrified marine solutions. Over the past two years, Vision Marine, in collaboration with its partners, has developed the industry's first monolithic marine-dedicated battery pack, meticulously engineered to power the E-Motion™ Powertrain. These state-of-t
MONTREAL, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Vision Marine Technologies, Inc. (Nasdaq: VMAR) (“Vision Marine” or the “Company”), a leader in transforming the boating market by designing and manufacturing environmentally friendly electric boats and propulsion systems, is pleased to announce today that it has acquired MAC Engineering's intellectual property relating to marine outboard electronic systems. MAC Engineering, the European distributor of the UQM brand, and one of the global leaders in medium and high-power electric motors in the USA, is the highly regarded designer of propulsion and battery management systems and components for electric vehicles. Under the terms of the transaction
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