Vision Marine Acquires Nautical Ventures, Pioneering Electric Boating Platform

Vision Marine Technologies (NASDAQ: VMAR), a pioneer in high-voltage electric marine propulsion, has strategically acquired Nautical Ventures Group, a renowned U.S. boat dealership and the 2024 Boating Industry 'Dealer of the Year'. This landmark acquisition creates North America's first integrated electric boat propulsion and dealership platform, combining Vision Marine's innovative E-Motion(TM) powertrain with Nautical Ventures' expansive retail network and service expertise. With nine locations in Florida and a prestigious brand portfolio including Axopar, Yamaha, and Beneteau, Nautical Ventures offers Vision Marine direct entry into one of the globe's most vibrant boating markets. This move not only enhances Vision Marine's direct-to-consumer approach and revenue streams but also sets the stage for nationwide expansion. The deal, facilitated by ThinkEquity, was financed through a mix of cash, a seller's note, and stock.

For more details, the full press release is available at https://ibn.fm/XJnA7. Vision Marine Technologies Inc. continues to lead the charge in transforming the recreational marine industry with its zero-emission, high-performance electric propulsion systems, aiming to redefine boating through technology and efficiency. Additional updates on VMAR can be found in the company's newsroom at https://ibn.fm/VMAR.