Vision Marine Technologies (NASDAQ:VMAR) is a Canadian-based designer and manufacturer of electric propulsion systems and fully electric boats, operating under the ticker VMAR on the Nasdaq. Headquartered in Sainte-Julie, Quebec, the company develops integrated marine powertrains that include electric outboard motors, battery packs, and digital control systems. Its solutions cater to recreational boaters, commercial operators and original equipment manufacturers (OEMs) seeking to reduce emissions and enhance onboard performance across freshwater and coastal waterways.
The company’s product portfolio centers on its E-Motion series of electric boats and the E-15 high-performance electric outboard motor. The E-Motion platform combines a hull designed for electric operation, bespoke lithium-ion battery modules, and a proprietary battery management system (BMS) that optimizes range and longevity. For boatbuilders and retrofit customers, Vision Marine offers turnkey powertrain kits that integrate seamlessly with existing vessels, accompanied by a cloud-connected monitoring platform for remote diagnostics and firmware updates.
Founded in the late 1990s, Vision Marine Technologies initially focused on conventional recreational watercraft before pivoting to electrified marine propulsion in the mid-2010s. The company secured research grants and strategic partnerships to accelerate development of its patented technologies, culminating in a public listing via a special purpose acquisition company (SPAC) merger in 2020. Since then, Vision Marine has expanded its manufacturing footprint with facilities in Ontario and forged distribution agreements across North America, Europe and the Asia-Pacific region.
Under the leadership of Chairman and Chief Executive Officer Charles Boivin, Vision Marine maintains a core emphasis on innovation, safety and sustainability. The executive team includes experienced professionals in engineering, production and marine operations, supported by a network of OEM collaborators and service partners. Looking ahead, the company aims to scale its production capabilities, broaden its geographic reach and solidify its position as a leader in the transition toward zero-emission boating worldwide.
