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Vision Marine Technologies (NASDAQ: VMAR), founded in 2002, has evolved from producing small electric boats for rentals to becoming a pioneer in electric boating technology. The company currently manufactures 50-60 small electric boats annually and provides electric powertrain technology to other boat manufacturers.
Key achievements include setting speed records in 2022 and 2023, reaching 116 miles per hour with their electric outboards. Their system offers significant advantages including lower maintenance requirements, reduced operating costs (approximately $5 per full charge), and minimal environmental impact.
The company has completed 21 integrations on different boat types and is expanding significantly in the pontoon market with six different brand integrations. Vision Marine currently offers three pontoon brands with about 60 different models and four types of smaller boats, all manufactured in Montreal and sea certified. The company plans to expand its product offerings and participate in 10-12 boat shows, anticipating potential doubling of sales from the previous year.
Vision Marine Technologies (NASDAQ: VMAR), fondata nel 2002, è passata dalla produzione di piccole barche elettriche per il noleggio a diventare un pioniere nella tecnologia della navigazione elettrica. Attualmente l’azienda produce annualmente 50-60 piccole barche elettriche e fornisce tecnologia di propulsione elettrica ad altri produttori di imbarcazioni.
I principali traguardi includono il raggiungimento di record di velocità nel 2022 e nel 2023, toccando 116 miglia orarie con i loro motori fuoribordo elettrici. Il loro sistema offre vantaggi significativi, tra cui minori requisiti di manutenzione, riduzione dei costi operativi (circa 5 dollari per una ricarica completa) e un impatto ambientale minimo.
L’azienda ha completato 21 integrazioni su diversi tipi di barche ed è in forte espansione nel mercato delle pontoon, con sei diverse integrazioni di marca. Vision Marine attualmente offre tre marchi di pontoon con circa 60 modelli diversi e quattro tipi di barche più piccole, tutte fabbricate a Montreal e certificate per la navigazione. L’azienda prevede di ampliare la propria offerta di prodotti e di partecipare a 10-12 saloni nautici, anticipando un potenziale raddoppio delle vendite rispetto all’anno precedente.
Vision Marine Technologies (NASDAQ: VMAR), fundada en 2002, ha evolucionado de la producción de pequeños barcos eléctricos para alquiler a convertirse en un pionero en la tecnología de navegación eléctrica. Actualmente, la compañía produce anualmente entre 50 y 60 pequeños barcos eléctricos y proporciona tecnología de propulsión eléctrica a otros fabricantes de barcos.
Los logros clave incluyen el establecimiento de récords de velocidad en 2022 y 2023, alcanzando 116 millas por hora con sus motores fueraborda eléctricos. Su sistema ofrece ventajas significativas, incluidos menores requisitos de mantenimiento, costos operativos reducidos (aproximadamente $5 por carga completa) y un impacto ambiental mínimo.
La compañía ha completado 21 integraciones en diferentes tipos de barcos y se está expandiendo significativamente en el mercado de pontones con seis integraciones de marca diferentes. Vision Marine actualmente ofrece tres marcas de pontones con alrededor de 60 modelos diferentes y cuatro tipos de barcos más pequeños, todos fabricados en Montreal y certificados para el mar. La empresa planea ampliar su oferta de productos y participar en 10-12 ferias náuticas, anticipando un posible duplicado de ventas respecto al año anterior.
비전 마린 테크놀로지스 (NASDAQ: VMAR)는 2002년에 설립되어 임대용 소형 전기 보트 생산에서 전기 보팅 기술의 선두주자로 발전했습니다. 현재 이 회사는 매년 50-60대의 소형 전기 보트를 제조하고 있으며, 다른 보트 제조업체에 전기 파워트레인 기술을 제공합니다.
주요 성과로는 2022년과 2023년에 전기 외장 모터로 시속 116마일에 도달하며 속도 기록을 세운 것이 포함됩니다. 이 시스템은 유지 관리 요구 사항 감소, 운영 비용 절감(완전 충전 약 $5) 및 최소한의 환경적 영향을 포함한 몇 가지 중요한 장점을 제공합니다.
회사는 다양한 보트 유형에서 21회의 통합을 완료하였으며, 6개의 다양한 브랜드 통합으로 폰툰 시장에서 크게 확장하고 있습니다. 비전 마린은 현재 약 60개 다양한 모델의 3개 폰툰 브랜드와 4종의 소형 보트를 제공하며, 모두 몬트리올에서 제조되고 해양 인증을 받았습니다. 이 회사는 제품 제공을 확장하고 10-12개의 보트 전시에 참여할 계획이며, 작년 대비 매출이 두 배로 증가할 가능성을 기대하고 있습니다.
Vision Marine Technologies (NASDAQ: VMAR), fondée en 2002, est passée de la production de petits bateaux électriques pour la location à un pionnier de la technologie nautique électrique. L’entreprise fabrique actuellement entre 50 et 60 petits bateaux électriques par an et fournit une technologie de chaîne de traction électrique à d’autres fabricants de bateaux.
Les réalisations clés incluent l’établissement de records de vitesse en 2022 et 2023, atteignant 116 miles par heure avec leurs moteurs hors-bord électriques. Leur système offre des avantages significatifs, notamment des exigences de maintenance réduites, des coûts d’exploitation réduits (environ 5 dollars par recharge complète) et un impact environnemental minimal.
L’entreprise a réalisé 21 intégrations sur différents types de bateaux et s’étend de manière significative sur le marché des pontons avec six intégrations de marque différentes. Vision Marine propose actuellement trois marques de pontons avec environ 60 modèles différents et quatre types de petits bateaux, tous fabriqués à Montréal et certifiés pour la mer. L’entreprise prévoit d’élargir son offre de produits et de participer à 10-12 salons nautiques, prévoyant un possible doublement des ventes par rapport à l’année précédente.
Vision Marine Technologies (NASDAQ: VMAR), gegründet im Jahr 2002, hat sich von der Produktion kleiner Elektroboote zur Vermietung zu einem Pionier in der Elektromarine-Technologie entwickelt. Das Unternehmen stellt derzeit jährlich 50-60 kleine Elektroboote her und liefert Elektroantriebstechnologie an andere Bootbauer.
Zu den wichtigen Erfolgen gehören die Setzung von Geschwindigkeitsrekorden in 2022 und 2023, wobei 116 Meilen pro Stunde mit ihren elektrischen Außenbordmotoren erreicht wurden. Ihr System bietet erhebliche Vorteile, darunter geringere Wartungsanforderungen, reduzierte Betriebskosten (etwa 5 Dollar pro vollständiger Ladung) und minimale Umweltauswirkungen.
Das Unternehmen hat 21 Integrationen für verschiedene Bootstypen abgeschlossen und expandiert signifikant im Pontonmarkt mit sechs verschiedenen Markenintegrationen. Vision Marine bietet derzeit drei Pontonmarken mit etwa 60 verschiedenen Modellen und vier Typen kleinerer Boote an, die alle in Montreal gefertigt und für die See zertifiziert sind. Das Unternehmen plant, sein Produktangebot auszubauen und an 10-12 Bootsmessen teilzunehmen, wobei es einen potenziellen Verkaufsverdopplung im Vergleich zum Vorjahr antizipiert.
Positive
- Set new speed records in 2022 and 2023 with 116 mph electric outboards
- Completed 21 successful boat integrations across different manufacturers
- Operating costs significantly lower than traditional engines ($5 per full charge)
- Expanded product line to include 60 different pontoon models
- Currently holds unique market position with no direct competitors in marine electric powertrains
Negative
- Recent stock rollback required to maintain NASDAQ compliance
Insights
The electric boats market projections of $16.6 billion by 2031 represents a significant opportunity, but this podcast interview primarily contains routine marketing content and forward-looking statements without substantial financial details or material developments. While Vision Marine’s historical production of 3,000 units and current annual output of 50-60 boats provides some context, the discussion of future plans, boat show participation and general market positioning lacks concrete financial metrics or definitive business developments that would immediately impact investors.
The speed record achievements and technological specifications discussed are interesting from a product development perspective, but do not constitute material financial news. The brief mention of a NASDAQ compliance-related rollback and current cash position lacks specific figures needed for meaningful financial analysis.
The interview highlights Vision Marine’s strategic positioning in the electric boat market through several key aspects: their proprietary high-voltage system capable of 40-42 mph speeds, 21 successful boat integrations and expansion into the pontoon market. However, the content primarily serves as a general business overview rather than presenting new, material information that would significantly impact investment decisions.
While the company’s technological achievements and market expansion efforts are noteworthy, the discussion of partnerships and future plans remains largely aspirational without specific revenue projections, order numbers, or concrete financial commitments that would warrant immediate investor attention.
Vancouver, Kelowna, and Delta, British Columbia–(Newsfile Corp. – January 5, 2025) – Investorideas.com, a global news source and expert investing resource covering water and renewable energy stocks issues a new edition of the Investorideas.com Cleantech Podcast.
Host Cali Van Zant talks to Mr. Alexandre Mongeon, Co-Founder and CEO of Vision Marine Technologies Inc. (NASDAQ: VMAR), a pioneer in electric boating,
With the Electric Boats Market projected to be a $16.6 Billion Market by 2031, according to Cleantechnica.com, this is a podcast worth listening to.
Listen to the podcast on https://www.spreaker.com/episode/the-power-of-vision-for-electric-boats-how-one-ceo-made-it-happen–63580636
Watch the Interview on YouTube
https://youtu.be/mYg3dxpLWAc
Disclosure: This Podcast is a paid for sponsored content.
Alexandre, who has been in the marine industry for 25 to 30 years, discusses his company, Vision Marine Technology, which was founded in 2002. The company initially built small electric boats for rental operations and hotels, producing over 3,000 units. In 2014, they began developing an inboard electric high voltage system that could reach speeds of 40 to 42 miles per hour and perform water skiing.
They partnered with major marine parts suppliers and used McLaren for testing and engineering. Today, Vision Marine Technology builds 50 to 60 small electric boats annually and offers their technology to other boat manufacturers. They have completed 21 integrations on different types of boats and won awards. The system is efficient, quiet, and fast, and can be recharged using shore power.
Cali and Alexandre discuss the success of their electric powertrain, which set a new speed record for 2022 and 2023. Alexandre explained that the team built a regular boat with electric outboards and achieved a speed of 116 miles per hour, surpassing the previous record. He emphasized the importance of hands-on testing and development, and the potential for other manufacturers to join the electric boating market. Alexandre also mentioned that they are currently the only company in the marine space with a comparable product, but welcomed competition from established brands like Mercury, Honda, and Suzuki.
Alexandre talks about the benefits of electric outboards for small waterways and short trips, highlighting their cost-effectiveness and reduced environmental impact compared to traditional ice engines. He noted that electric outboards have less vibration, fewer moving parts, and a lower fuel cost, with a full charge costing about $5.
He also mentions that electric outboards require less maintenance, with the only necessary change being a glycol fluid every 1,000 hours.
He reports on the company’s expansion into the pontoon market, highlighting six different integrations with various brands. He notes that the market is huge, particularly in lakes where fuel stations are scarce, and that the company now offers small electric boats and pontoons with their system installed.
Alexandre also shares the importance of partnerships with manufacturers, enabling the company to sell fully integrated products.
He reveals plans to offer at least 20 different types of product offerings with their system in the next few weeks.
When asked about the current product offerings through Vision Marine, he responds that “they have three brands of pontoons with about 60 different models and four types of smaller boats, all built in Montreal and sea certified.”
Alexandre discusses the technological advancements and competitive edge of their marine parts certified engine and battery charging system. He highlights the system’s high voltage, amperage, and cooling capabilities, which enable heavy boating in warm environments without overheating issues.
He also discusses the company’s financial situation, including a recent rollback to meet NASDAQ compliance and their current cash position.
He expresses optimism about the future of electric boating, predicting a potential doubling of sales from the previous year. The company plans to participate in 10 to 12 boat shows and is working on finalizing agreements with third-party suppliers.
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR) is a pioneer in electric boating, recognized for its innovative E-Motion┢ Electric Marine Powertrain Technology that offers a superior, zero-emission boating experience. With proprietary, turn-key electric solutions, Vision Marine combines cutting-edge technology, high-performance propulsion, and eco-friendly systems. The company has broken multiple electric world speed records, showcasing its commitment to pushing the boundaries of performance. Vision Marine is leading the transformation of the marine industry with unmatched power and efficiency for a cleaner future on the water.
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
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FAQ
What speed record did Vision Marine Technologies (VMAR) set in 2022-2023?
Vision Marine Technologies set a speed record of 116 miles per hour with their electric outboards in 2022-2023.
How much does it cost to fully charge Vision Marine’s (VMAR) electric outboard?
A full charge for Vision Marine’s electric outboard costs approximately $5.
How many boat integrations has Vision Marine (VMAR) completed?
Vision Marine Technologies has completed 21 integrations on different types of boats.
What is the maintenance interval for VMAR’s electric outboards?
The only required maintenance is changing the glycol fluid every 1,000 hours of operation.
How many pontoon models does Vision Marine (VMAR) currently offer?
Vision Marine offers three pontoon brands with approximately 60 different models.
How many boats does Vision Marine (VMAR) produce annually?
Vision Marine Technologies produces 50-60 small electric boats annually.
