Vision Marine Technologies Inc Stock Price, News & Analysis

Vision Marine Technologies (NASDAQ:VMAR) has acquired Nautical Ventures Group, a Florida-based recreational boat dealership and 2024 Boating Industry Dealer of the Year. The acquisition creates North America's first combined electric boat propulsion manufacturer and boat dealership company. Nautical Ventures, generating over $100M in annual sales from 2020-2023, operates nine retail locations across Florida and represents prestigious marine brands. The deal combines Vision Marine's E-Motion high-voltage electric powertrain with Nautical Ventures' retail network and service infrastructure. The transaction was funded through cash, a seller's note, and up to 255,102 VMAR shares. This strategic move positions Vision Marine to capitalize on the global electric boat market, projected to exceed $2.5B by 2030 with an 18% CAGR.

Vision Marine Technologies (NASDAQ:VMAR) announced that its E-Motion™ 180E electric powertrain has been approved for California's CORE Voucher Incentive Project, making it eligible for up to $170,000 in per-unit government vouchers. The approval targets California's commercial marine sector, which includes approximately 4,400 vessels across ferry services, water taxis, harbor patrol, tour operations, and rental businesses. As the only 180 HP continuous electric powertrain listed under CORE, the program covers both new electric boat builds and retrofit conversions using Vision Marine's certified installers. This strategic development positions VMAR to capitalize on California's shift toward clean marine propulsion technology, supported by substantial government incentives and growing market demand for electric alternatives.

Vision Marine Technologies (NASDAQ:VMAR) has expanded its partnership with Octillion Power Systems to manufacture Vision-branded 45.36 kWh high-voltage battery packs at Octillion's Nevada facility. The agreement strengthens Vision Marine's U.S. supply chain for its E-Motion™ 180E electric outboard system and supports both OEM integrations and consumer electric boat sales. Octillion, a global leader in lithium-ion battery technology with over 2 million battery systems deployed, will produce marine-dedicated battery packs exclusively for the American market. The partnership enables Vision Marine to become the first North American company offering a fully industrialized, high-voltage electric marine outboard system with U.S.-sourced batteries, positioning them to meet growing demand for electric boating while ensuring regulatory compliance.

Vision Marine Technologies (NASDAQ: VMAR) has announced the successful settlement of an outstanding legal claim involving certain shareholders. The resolution has resulted in a clean capitalization structure for the company. Following the settlement, Vision Marine reports maintaining a strong cash position, which will support its ongoing operations, strategic initiatives, and potential expansion plans in the electric marine propulsion systems sector.

Vision Marine Technologies (NASDAQ:VMAR) has filed a new U.S. patent application for software-driven overload protection in its E-Motion™ high-voltage electric marine powertrain. The innovative system continuously monitors cooling-pump motor electrical conditions and automatically disconnects power when detecting overloads, eliminating traditional hardware fuses. This digital solution reduces system weight, saves installation space, and simplifies wiring for boat manufacturers.

The software system enables continuous digital monitoring and data collection, facilitating proactive maintenance and allowing remote over-the-air updates. This technology supports Vision Marine's strategy to provide integrated electric propulsion solutions to global boat manufacturers and rental fleets, building on existing production agreements for models like the V30 and V24.

Vision Marine Technologies (NASDAQ: VMAR) has announced the postponement of its Annual Meeting of Shareholders from May 15, 2025, to May 23, 2025, at 10:00 a.m. EST. The meeting will be held virtually via Microsoft Teams. The record date of March 27, 2025, remains unchanged.

The postponement aims to provide additional time for the company to reach quorum and encourage broader shareholder participation. The Board of Directors unanimously recommends shareholders vote FOR the proposals outlined in the proxy statement filed with the SEC on April 7, 2025. Previously cast votes remain valid unless shareholders choose to change or revoke them.

Vision Marine Technologies (NASDAQ:VMAR) and German boatbuilder STERK have successfully completed internal hull optimization for the integration of Vision Marine's E-Motion™ 180E high-voltage electric propulsion system. The collaboration has resulted in a reimagined internal configuration supporting multiple battery layouts for both single and dual outboard applications.

The optimization allows for three to four high-voltage battery packs, demonstrating STERK's technical capability and commitment to electric propulsion integration. The milestone is part of an exclusive supply agreement between the companies, with next phases including system integration and sea trials in the upcoming month, followed by certification and commercial rollout.

This development represents a significant step in Vision Marine's strategy to establish itself as a leader in electric marine propulsion, particularly in premium boat segments. The partnership aims to combine STERK's precision engineering with Vision Marine's advanced electric propulsion technology to deliver high-performance electric boats at scale.

Vision Marine Technologies (NASDAQ:VMAR) has filed a new U.S. patent application with the USPTO for enhancing its E-Motion™ Electric High-Voltage Marine Powertrain technology. The patent focuses on a secure communication framework using token-based authentication to protect vessel systems from unauthorized access.

The technology features a secure gateway that mediates between external interface devices and internal CAN bus systems, protecting critical components like batteries, throttles, and motor controllers. A dynamic content server within the gateway enables real-time loading of control interfaces and diagnostic tools onto vessel dashboards without requiring physical access to sensitive hardware.

According to CTO Xavier Montagne, this innovation simplifies OEM integration while providing secure and intuitive control for manufacturers and consumers. The patent filing supports Vision Marine's commercialization strategy and strengthens its potential for third-party vessel integration.

Vision Marine Technologies (NASDAQ:VMAR) hosted a live investor demonstration event in Florida, showcasing its E-Motion™ electric powertrain technology across five different electric boats. The four-hour event featured various recreational platforms including pontoons, center consoles, and bowriders, powered by both inboard and outboard configurations of Vision Marine's 180E high-voltage propulsion system.

The demonstration highlighted the system's adaptability across different hull types, allowing attendees to experience firsthand the torque, low-noise operation, and integration capabilities. The company also displayed their racing catamaran that achieved speeds exceeding 116 mph at the 2023 Lake of the Ozarks Shootout.

The event took place near Vision Marine's Florida hub, where the company has maintained operations for over two years. This strategic location supports U.S. operations, facilitates manufacturer integration, and expands access to the Southeastern United States recreational boating market. The company is now focusing on accelerating its direct-to-consumer efforts while strengthening OEM partnerships.