Octillion Expands Supplier Agreement with Vision Marine to Power Next-Gen Electric Boats from its Nevada, USA Facility

Rhea-AI Summary

Vision Marine Technologies (NASDAQ: VMAR) has expanded its partnership with Octillion Power Systems to manufacture high-voltage lithium-ion battery packs for their E-Motion™ 180E electric outboard system at Octillion's Reno, Nevada facility. The battery packs are specifically designed for marine propulsion and will be exclusively distributed in the U.S. market.

The partnership leverages Octillion's expertise in battery technology and manufacturing, with the new Vision-branded battery systems offering increased power, extended range, and improved overall performance. The collaboration builds on previous successes, including setting multiple electric world speed boat records.

Manufacturing in Nevada will provide Vision with a secure U.S. battery supply chain and faster scaling capabilities through centralized production and simplified OEM integration.

Positive

• Strategic U.S.-based manufacturing location in Nevada enhances supply chain security and distribution efficiency
• Enhanced battery specifications with increased power and extended range
• Access to Octillion's proven manufacturing expertise with over 2 million battery systems produced
• Exclusive U.S. market distribution rights for marine propulsion batteries

Negative

• None.

News Market Reaction

-0.49%

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-0.49% News Effect

On the day this news was published, VMAR declined 0.49%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

RICHMOND, Calif., July 21, 2025 /PRNewswire/ -- Octillion Power Systems ("Octillion", or the "Company"), a California-based global-leading supplier of advanced high-density lithium-ion battery packs for electric vehicles of all types—today announced that it has expanded its existing partnership with Vision Marine Technologies Inc. (NASDAQ: VMAR) ("Vision") to produce high-voltage lithium-ion battery packs for their marine propulsion systems from Octillion's Reno, Nevada manufacturing facility.

Under the terms of the agreement, Octillion will manufacture Vision-branded battery packs for their E-Motion™ 180E electric outboard system, exclusively for U.S. market distribution. These are believed to be the first-known battery packs created from the ground-up for electric marine propulsion, built to withstand harsh marine environments while delivering high energy density, durability, and ease-of-integration—making them well-suited for both commercial and recreational marine use.

"As Vision accelerates its growth in the U.S. market, we're excited to power their next chapter in performance electric boating by providing our battery technology and manufacturing expertise, producing from our Nevada facility," said Paul Beach, Global President of Octillion. "Our past collaborations included setting multiple electric world speed boat records, which demonstrated that high-performance engineering is in our collective DNA."

By accessing Octillion's battery technology leadership, Vision will gain fast and cost-efficient production and distribution, a secure and reliable U.S. battery supply chain, all reinforced by Octillion's trademark quality standards that have fielded over 2 million battery systems in 16 years of operating history. Furthermore, the new Vision-branded battery systems will benefit from important technological gains from their current product line, including: increased power, extended range, ease-of-integration, and total overall performance.

"Octillion is a world-class battery systems partner. From past collaborations, we've seen firsthand their ability to deliver on what matters most: integrity, quality, performance, and cost," said Alexandre Mongeon, CEO of Vision Marine Technologies. "Expanding our partnership provides direct access to Octillion's cutting-edge battery innovations. Manufacturing in Reno, Nevada further enables us to scale faster via a centrally located supply chain, ease of OEM integration, and in bringing our E-Motion™ electric outboard systems to a substantial consumer market in the States."

With 11 manufacturing facilities across the United States, India, and China—and its strong foundation in the Bay Area—Octillion stands at the forefront of the global transition to clean energy in electric transportation and energy storage systems of various types. As a trusted partner in large-scale battery electrification projects, Octillion continues to power the future of electric transportation worldwide with their commitment to providing clients with Purpose Built Power™.

Learn more about Octillion Power Systems and its role in shaping the renewable energy landscape at www.octillion.us.

About Octillion Power Systems

Octillion is a California-based Tier 1 supplier of innovative high-density lithium-ion battery systems and related technology focused on the electrification of major industries such as: Automotive, Off-Highway, Construction, Agriculture, Marine, and ESS. With 11 manufacturing facilities worldwide, in the U.S., India, and China, Octillion has delivered more than 2 million EV battery systems to clients, which have driven over 4.5 billion kilometers on roadways. Octillion's clients gain a turnkey solution from initial custom battery system design, with extensive thermal modeling and fully integrated battery management systems, all the way through to high-volume, standardized manufacturing, with exceptional white glove service.

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SOURCE Octillion Power Systems

FAQ

What is the new partnership between Vision Marine (NASDAQ: VMAR) and Octillion Power Systems?

Octillion will manufacture Vision-branded high-voltage lithium-ion battery packs for Vision's E-Motion™ 180E electric outboard system at their Reno, Nevada facility, exclusively for U.S. market distribution.

What are the key benefits of Vision Marine's new battery packs manufactured by Octillion?

The battery packs offer increased power, extended range, improved overall performance, and are specifically designed to withstand harsh marine environments while delivering high energy density and durability.

Where will Vision Marine's new battery packs be manufactured?

The battery packs will be manufactured at Octillion's Reno, Nevada manufacturing facility in the United States.

What is Octillion's track record in battery manufacturing?

Octillion has produced over 2 million battery systems in 16 years of operating history and operates 11 manufacturing facilities across the United States, India, and China.

How will the Nevada manufacturing location benefit Vision Marine (VMAR)?

The Nevada location provides Vision with a secure U.S. battery supply chain, centralized production, easier OEM integration, and faster scaling capabilities for the U.S. market.