California Offers Massive $170K Incentive for Vision Marine's Electric Boat Motors

Rhea-AI Filing Summary

Vision Marine Technologies announced a significant development for its E-Motion™ 180E electric powertrain systems, which have been approved under California's "Clean Off-Road Equipment" (CORE) program. The approval makes these systems eligible for substantial government incentives of up to $170,000 in per-unit vouchers.

This regulatory milestone represents a major opportunity for Vision Marine to accelerate the adoption of electric boat propulsion technology in California's marine market. The CORE program's inclusion of the 180E systems demonstrates growing governmental support for marine electrification and could significantly reduce the cost barrier for potential customers.

The filing also notes that this information has been incorporated into the company's Registration Statement on Form F-3 (File No. 333-267893) and Registration Statement on Form S-8 (File No. 333-264089), indicating potential implications for the company's securities offerings and equity compensation plans.

Positive

• E-Motion 180E systems now eligible for up to $170,000 in per-unit government vouchers under California's CORE program, significantly reducing customer acquisition costs and potentially accelerating market adoption
• Inclusion in California's Clean Off-Road Equipment program validates the technology and provides strong government support for the company's electric boat propulsion systems

Negative

• None.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

  

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2025

 

Commission File No. 001-39730

 

VISION MARINE TECHNOLOGIES INC.

(Translation of registrant’s name into English)

 

730 Boulevard du Curé-Boivin

Boisbriand, Québec, J7G 2A7, Canada

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

 

Form 20-F x    Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ¨

 

 

 

 

 

General

 

The information contained in this Report on Form 6-K (excluding the exhibit) is hereby incorporated by reference into our Registration Statement on Form F-3 (File No. 333-267893) and Registration Statement on Form S-8 (File No. 333-264089).

 

On June 18, 2025, Vision Marine Technologies Inc. (the “Company”) announced its E-Motion™ 180E systems became eligible under California’s “Clean Off-Road Equipment” program for up to $170,000 in per-unit government vouchers. A copy of the press release entitled, “Vision Marine Technologies’ 180E Electric Powertrain Approved under California’s CORE Voucher Program, Incentivizes Adoption of Electric Boat Propulsion” is furnished as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K and incorporated by reference herein.

 

 

 

Exhibit Index

 

No.

 

99.1 Press Release issued by Vision Marine Technologies Inc. on June 18, 2025, entitled “Vision Marine Technologies’ 180E Electric Powertrain Approved under California’s CORE Voucher Program, Incentivizes Adoption of Electric Boat Propulsion”

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 	VISION MARINE TECHNOLOGIES INC.
 	 	 
Date: June 23, 2025	By:	/s/ Raffi Sossoyan
 	Name:	Raffi Sossoyan
 	Title:	Chief Financial Officer

 

FAQ

What incentive did VMAR's E-Motion 180E systems receive in California?

VMAR's E-Motion™ 180E systems became eligible for up to $170,000 in per-unit government vouchers under California's 'Clean Off-Road Equipment' (CORE) program, as announced on June 18, 2025.

When did VMAR announce its CORE program eligibility?

Vision Marine Technologies Inc. (VMAR) announced the CORE program eligibility on June 18, 2025, as disclosed in their Form 6-K filed on June 28, 2025.

What SEC forms does VMAR file its annual reports under?

According to the 6-K filing, VMAR files its annual reports under Form 20-F, as indicated by the checkbox in the filing.

Who signed VMAR's June 2025 Form 6-K?

The Form 6-K was signed by Raffi Sossoyan, who serves as the Chief Financial Officer of Vision Marine Technologies Inc., on June 23, 2025.

What registration statements will this VMAR 6-K be incorporated into?

The information in this 6-K (excluding exhibits) will be incorporated into VMAR's Registration Statement on Form F-3 (File No. 333-267893) and Registration Statement on Form S-8 (File No. 333-264089).