Vision Marine Technologies (VMAR) Stock News

Vision Marine Technologies (NASDAQ:VMAR) announced that its subsidiary Nautical Ventures is partnering with Shaun Torrente Racing (STR) for the 2025 Offshore Super Stock Series. The collaboration features Shaun Torrente as throttleman teaming up with driver Matt Jamniczky in a custom STR Powerboat displaying Nautical Ventures branding.

Nautical Ventures, with nine locations across Florida, has sold and rigged over 1,900 Mercury outboards since 2020. Notably, Shaun Torrente previously collaborated with Vision Marine to achieve a historic 116 mph electric speed record at the Lake of the Ozarks Shootout. The 2025 season continues at the Sheboygan, Wisconsin Grand Prix from August 8-10.

Vision Marine Technologies (NASDAQ:VMAR) announced a significant milestone as Nautical Ventures yacht broker Jordan Thomas Nurse achieved his 100th Axopar boat sale. This achievement is part of Nautical Ventures' broader success with the Finnish boat brand, having sold 973 Axopar boats with an additional 39 under contract, totaling 1,012 units.

Nautical Ventures, Vision Marine's wholly owned retail network, holds the position of #1 Axopar dealer globally by total units sold. The company has played a crucial role in establishing Axopar's presence in Florida, the largest recreational boating market in the U.S., transforming it from an emerging European brand into a category leader through retail execution, demo events, and client servicing.

Vision Marine Technologies (NASDAQ:VMAR) is strengthening its position in the global tender market following its June 2025 acquisition of Nautical Ventures Group, a leading Florida-based boat retailer. The acquisition has made Vision Marine one of the largest US distributors of Highfield Boats, which has delivered approximately 54,000 units globally since 2011.

Through Nautical Ventures' operations, the company generated over $14 million in revenue from selling more than 600 tenders between 2022-2024. The company has established a dedicated retail and service facility in Fort Lauderdale, focusing on tenders and inflatables. The global inflatable boat market is projected to grow from $2 billion in 2023 to $4 billion by 2030, with a CAGR of 7%.

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.

Vision Marine Technologies (NASDAQ:VMAR) announced key organizational changes as it transitions from product development to commercial deployment phase. The company has promoted Daniel Rathe to Chief Technical Officer (CTO) following the successful completion of the E-Motion™ 180E high-voltage electric powertrain development.

The announcement follows Vision Marine's strategic acquisition of Nautical Ventures Group (NVG), which has demonstrated strong performance with a 5-year EBITDA CAGR exceeding 20%. Through NVG's network of nine dealers across Florida, VMAR aims to accelerate market penetration of its electric marine propulsion systems.

Additionally, the company announced the departure of COO/CTO Xavier Montagne following the completion of the E-Motion™ 180E industrialization, and the resignation of Board member Anthony E. Cassella, Jr. due to potential conflicts with his role at MarineMax.

Vision Marine Technologies (NASDAQ:VMAR), a leader in high-voltage electric marine propulsion systems, has announced the acquisition of Nautical Ventures Group, the 2024 Boating Industry Top Dealer of the Year. The strategic acquisition targets a company that has consistently generated over US $100 million in annual revenue from 2020 to 2023.

Nautical Ventures brings significant value through its strong Florida presence, national exposure via boat shows, extensive brand portfolio, and digital marketing platform. This acquisition is positioned as a strategic move to enhance Vision Marine's retail and service infrastructure, particularly supporting the market rollout of its E-Motion™ electric powertrain systems.

The company will host a live investor call and webcast on Wednesday, July 2, 2025, at 11:30 am ET to discuss the acquisition details and its implications for Vision Marine's growth strategy.

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.