Vision Marine Technologies Strengthens Partnership with Electrified Marina to Propel Electric Boating on the East Coast
Rhea-AI Summary
Vision Marine Technologies (NASDAQ:VMAR) has strengthened its partnership with Electrified Marina, the nation's only 100% electric watercraft dealer. The collaboration aims to expand consumer access to high-performance, zero-emission boating solutions along the East Coast.
Electrified Marina, based in Norfolk, Virginia, will receive additional resources to enhance its role as a distributor of Vision Marine's E-Motion™ electric propulsion technology. The company offers high-powered electric boats, low-powered electric cruisers, an all-electric rental fleet, and conversion services. Additionally, Electrified Marina is working on transforming Willoughby Marina into the world's most sustainable marina.
The partnership is part of Vision Marine's strategy to expand its dealer network and accelerate the adoption of electric propulsion in the recreational boating industry. Electrified Marina was co-founded by Erick Pinzon, Jr., a former Tesla service specialist, and has established itself as a key player in the electric boating sector.
Positive
- Strategic expansion of dealer network through partnership with the nation's only 100% electric watercraft dealer
- Enhanced distribution channel for E-Motion™ technology on the East Coast
- Diversification of product offerings through partner's full-spectrum electric boating services
Negative
- None.
Insights
The involvement of former Tesla infrastructure specialist Erick Pinzon brings valuable expertise in scaling electric vehicle adoption - a critical factor often overlooked in the marine sector's electrification journey. This Tesla DNA could prove instrumental in addressing common adoption barriers such as range anxiety and charging infrastructure development.
The partnership's comprehensive strategy encompasses several key revenue streams:
- High-performance E-Motion™ system sales targeting the premium segment
- Lower-powered electric cruiser distribution for the leisure market
- Rental fleet operations providing important 'try-before-buy' opportunities
- Conversion services targeting the existing boat market
The Willoughby Marina redevelopment project is particularly significant as it could serve as a proof-of-concept for sustainable marine infrastructure. This model could be replicated across other locations, creating a network effect that accelerates adoption of electric boating technology.
The East Coast focus is strategically important given the region's high concentration of recreational boating activity and environmental consciousness. The partnership effectively creates a complete ecosystem for electric boating adoption - from first exposure through rentals to full ownership and infrastructure support.
However, the success of this initiative will largely depend on execution, particularly in areas such as service capability development and charging infrastructure deployment. The conversion services offering could be especially important in the near term, as it provides a bridge for traditional boat owners to transition to electric propulsion while maintaining their existing vessels.
MONTREAL, QC / ACCESS Newswire / February 19, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a company specializing in electric marine propulsion, is pleased to announce an enhanced collaboration with Electrified Marina, the nation's only 
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Co-founded by Erick Pinzon, Jr., a former Tesla service and charging infrastructure specialist, Electrified Marina has become a key player in the electric boating sector. Known for its deep industry knowledge, Electrified Marina has built a strong reputation by selling and operating both high-powered electric boats and low-powered electric cruisers, making electric boating accessible to a diverse range of customers.
Through this strengthened partnership, Vision Marine will provide Electrified Marina with additional resources to bolster its role as a leading distributor and ambassador for Vision Marine's E-Motion™ electric propulsion technology. This initiative aims to expand consumer access to high-performance, zero-emission boating solutions along the East Coast.
Erick Pinzon and his team at Electrified Marina have demonstrated exceptional expertise and a shared commitment to electric boating," said Alexandre Mongeon, CEO and Co-Founder of Vision Marine Technologies. "By deepening our collaboration, we aim to accelerate the adoption of electric propulsion and offer unparalleled experiences to our customers."
A Full-Spectrum Electric Boating Experience
Electrified Marina, based in Norfolk, Virginia, is more than just a dealer-it is a pioneer in the transition to electric boating. The company specializes in:
High-powered electric boats featuring Vision Marine's E-Motion™ propulsion system, catering to customers looking for power and performance.
Low-powered electric cruisers, ideal for leisurely, efficient, and silent boating experiences, making electrification accessible to all types of boaters.
An all-electric rental fleet, allowing customers to experience electric boating firsthand.
Conversion and repower services, transforming traditional gas-powered boats into clean electric alternatives.
Electrified Marina is also spearheading the redevelopment of Willoughby Marina into the world's most sustainable marina, reinforcing its dedication to a cleaner marine environment.
"Partnering with Vision Marine aligns perfectly with our mission to lead the marine industry's transition to a more sustainable future," said Erick Pinzon, Co-Owner of Electrified Marina. "With Vision Marine's support, we are better equipped to provide our customers with cutting-edge electric boating solutions that are both high-performing and environmentally friendly."
A Strategic Expansion of Vision Marine's Dealer Network
This partnership underscores Vision Marine Technologies' commitment to expanding its dealer network, ensuring that both high-performance electric propulsion and accessible electric cruising options reach a broader audience.
By leveraging trusted partners like Electrified Marina, Vision Marine is paving the way for widespread electric boat adoption across North America.
About Vision Marine Technologies (NASDAQ: VMAR)
Vision Marine Technologies is revolutionizing the recreational boating industry with its proprietary E-Motion™ 180E powertrain, the first fully industrialized electric propulsion system designed for high-performance applications. With a focus on delivering unparalleled power, efficiency, and ease of integration, Vision Marine enables boat manufacturers and dealers to transition seamlessly to electrification.
For more information, visit www.visionmarinetechnologies.com.
About Electrified Marina
Electrified Marina is America's only
For more information, visit www.electrifiedmarina.com.
Investor and Company Contact:
Vision Marine Technologies
Bruce Nurse
(303) 919-2913
bn@v-mti.com
Website: visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies
SOURCE: Vision Marine Technologies Inc.
View the original press release on ACCESS Newswire
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