Latest news with #E-Motion™
Malaysian Reserve
21-07-2025
- Automotive
- Malaysian Reserve
Octillion Expands Supplier Agreement with Vision Marine to Power Next-Gen Electric Boats from its Nevada, USA Facility
RICHMOND, Calif., July 21, 2025 /PRNewswire/ — Octillion Power Systems ('Octillion', or the 'Company'), a California-based global-leading supplier of advanced high-density lithium-ion battery packs for electric vehicles of all types—today announced that it has expanded its existing partnership with Vision Marine Technologies Inc. (NASDAQ: VMAR) ('Vision') to produce high-voltage lithium-ion battery packs for their marine propulsion systems from Octillion's Reno, Nevada manufacturing facility. Under the terms of the agreement, Octillion will manufacture Vision-branded battery packs for their E-Motion™ 180E electric outboard system, exclusively for U.S. market distribution. These are believed to be the first-known battery packs created from the ground-up for electric marine propulsion, built to withstand harsh marine environments while delivering high energy density, durability, and ease-of-integration—making them well-suited for both commercial and recreational marine use. 'As Vision accelerates its growth in the U.S. market, we're excited to power their next chapter in performance electric boating by providing our battery technology and manufacturing expertise, producing from our Nevada facility,' said Paul Beach, Global President of Octillion. 'Our past collaborations included setting multiple electric world speed boat records, which demonstrated that high-performance engineering is in our collective DNA.' By accessing Octillion's battery technology leadership, Vision will gain fast and cost-efficient production and distribution, a secure and reliable U.S. battery supply chain, all reinforced by Octillion's trademark quality standards that have fielded over 2 million battery systems in 16 years of operating history. Furthermore, the new Vision-branded battery systems will benefit from important technological gains from their current product line, including: increased power, extended range, ease-of-integration, and total overall performance. 'Octillion is a world-class battery systems partner. From past collaborations, we've seen firsthand their ability to deliver on what matters most: integrity, quality, performance, and cost,' said Alexandre Mongeon, CEO of Vision Marine Technologies. 'Expanding our partnership provides direct access to Octillion's cutting-edge battery innovations. Manufacturing in Reno, Nevada further enables us to scale faster via a centrally located supply chain, ease of OEM integration, and in bringing our E-Motion™ electric outboard systems to a substantial consumer market in the States.' With 11 manufacturing facilities across the United States, India, and China—and its strong foundation in the Bay Area—Octillion stands at the forefront of the global transition to clean energy in electric transportation and energy storage systems of various types. As a trusted partner in large-scale battery electrification projects, Octillion continues to power the future of electric transportation worldwide with their commitment to providing clients with Purpose Built Power™. Learn more about Octillion Power Systems and its role in shaping the renewable energy landscape at About Octillion Power Systems Octillion is a California-based Tier 1 supplier of innovative high-density lithium-ion battery systems and related technology focused on the electrification of major industries such as: Automotive, Off-Highway, Construction, Agriculture, Marine, and ESS. With 11 manufacturing facilities worldwide, in the U.S., India, and China, Octillion has delivered more than 2 million EV battery systems to clients, which have driven over 4.5 billion kilometers on roadways. Octillion's clients gain a turnkey solution from initial custom battery system design, with extensive thermal modeling and fully integrated battery management systems, all the way through to high-volume, standardized manufacturing, with exceptional white glove service.
Miami Herald
16-07-2025
- Automotive
- Miami Herald
Vision Marine Technologies Powers into Commercial Growth Phase, Appoints Daniel Rathe CTO of Operations
Nautical Ventures acquisition and completion of current product development drive next stage of electric boating deployment MONTRÉAL, QUEBEC / ACCESS Newswire / July 16, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneer in high-voltage electric marine propulsion systems, today announced the promotion of Daniel Rathe to Chief Technical Officer ("CTO") of its operations. Since the acquisition of Nautical Ventures Group Inc. ("NVG"), Vision Marine has strategically focused on actively supporting the U.S. boat market through its network of nine dedicated dealers across Florida. Nautical Ventures, recognized for its robust sales performance and a 5-year EBITDA compound annual growth rate (CAGR) in excess of 20%, plays a pivotal role in this approach - providing a strong commercial foundation for Vision Marine to expand its regional footprint. This targeted support is designed to drive growth, strengthen dealer relationships, and capitalize on the vibrant Florida boating community - ultimately positioning the Company for long-term success in the U.S. market. This leadership appointment also coincides with the transition from the development stage of Vision Marine's E-Motion™ 180E high-voltage electric powertrain, marking the beginning of the Company's scale-up and deployment phase. Vision Marine also announces the conclusion of Chief Operating Officer and Chief Technology Officer Xavier Montagne's contract. Mr. Montagne has completed his mandate following the successful industrialization and validation of the E-Motion™ 180E powertrain - a project he led from concept to commercialization. His work has laid the foundation for Vision Marine's entry into commercial deployment. A seamless transition plan is already in place with the appointment of Daniel Rathe as CTO. Mr. Rathe, who worked under the close mentorship of Mr. Montagne for over two years, will lead this next chapter to boost the integration and deployment of Vision Marine's technology across Nautical Ventures' sales network. Over the past two years, Mr. Rathe has played a critical role for the Company in Florida, coordinating technical operations, boat integrations, and testing of Vision Marine's E-Motion™ 180E high-voltage electric powertrain. Under his leadership, the Vision Marine Florida team will now concentrate its efforts on system conformity, installation, testing, and the establishment of high-voltage rigging bays across Nautical Ventures' prime locations. This expansion is designed to accelerate customer adoption of E-Motion™ powered electric boats, coupled with our expected market share gain, while promoting industry-leading support for electric boat deployments. The E-Motion™ 180E high-voltage electric powertrain - the first fully industrialized solution of its kind in recreational marine-has now completed its development and industrialization stage, including rigorous validation with McLaren Engineering. This milestone fulfils the technical mandate led by Mr. Montagne and represents a significant inflection point in Vision Marine's evolution. With the product development phase complete, Vision Marine is now focusing its resources on commercial implementation, sales, and services, utilizing Nautical Ventures' strategic sales and operational footprint to reach new customers and markets. "Daniel's leadership and technical expertise, combined with the strong operational platform provided by Nautical Ventures, position Vision Marine to capitalize on the growing demand for electric marine propulsion," said Alexandre Mongeon, Chief Executive Officer ("CEO") of Vision Marine Technologies. "We are now entering the most exciting phase of our journey, bringing our technology to market at scale." Board Update Separately, Vision Marine Technologies announces the resignation of Mr. Anthony E. Cassella, Jr. from its Board of Directors, effective July 11, 2025. Mr. Cassella made the decision to step down in light of potential and perceived conflicts between his professional activities at MarineMax and his role on Vision Marine's Board. "I've had the privilege of learning from one of the best," said Alexandre Mongeon, CEO of Vision Marine Technologies. "I sincerely thank Anthony Cassella for his unwavering support, exemplary leadership, and invaluable guidance during his tenure on the Board. His dedication has left a lasting impact on our organization, and I'm truly grateful for the opportunity to have benefited from his expertise." The Company sincerely thanks Mr. Cassella for his valuable contributions to Vision Marine's mission and growth. Vision Marine remains fully committed to executing its strategic plan, which includes expanding both its high-voltage electric propulsion business and its multi-brand retail operations, offering internal combustion engine (ICE) boats and next-generation electric solutions through its Nautical Ventures network. About Vision Marine Technologies Inc. Vision Marine Technologies Inc. (NASDAQ: VMAR) is a technology company specializing in high-voltage electric propulsion systems for the marine industry. The Company's flagship product, the E-Motion™ 180E, is the first fully industrialized high-voltage electric outboard system for recreational boating, validated through partnerships with leading industry players. With the recent acquisition of Nautical Ventures Group, Vision Marine has expanded its sales and service network on the East Coast of the United States. Through Nautical Ventures' multi-brand retail operations, Vision Marine now offers both traditional internal combustion engine (ICE) boats and next-generation electric propulsion solutions, providing a full range of products to meet the current and evolving needs of recreational boaters. For more information, visithttps:// Forward-Looking Statements The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include Vision Marine's plans for commercial deployment, expansion of sales and service capabilities, and market adoption of its electric propulsion systems. These statements are subject to risks and uncertainties, including the Company's ability to execute its growth strategy, integrate new operations, and drive market adoption. Actual results may differ materially from those projected. Vision Marine undertakes no obligation to update forward-looking statements, except as required by law. Investor Contact: Bruce Nurse, Investor RelationsVision Marine Technologies Inc.(303) 919-2913bn@ SOURCE: Vision Marine Technologies Inc
USA Today
01-07-2025
- Automotive
- USA Today
Vision Marine Technologies to Host Investor Call Following Strategic Acquisition of Nautical Ventures Group
Vision Marine Technologies Inc. (NASDAQ:VMAR) ('Vision Marine' or the 'Company'), a leading innovator in high-voltage electric marine propulsion systems, today announced it will host a live investor call and webcast to discuss the Company's acquisition of Nautical Ventures Group Inc.('Nautical Ventures, named the 2024 Boating Industry Top Dealer of the Year by Boating Industry. Nautical Ventures has generated over US $100 million in annual revenue from 2020 to 2023, with a strong presence across Florida and national exposure through its boat show attendance, brand portfolio, and digital marketing platform. The acquisition represents a major milestone in Vision Marine's growth strategy, providing access to a proven retail and service infrastructure and facilitating the market rollout of its E-Motion™ electric powertrain systems. Event Details : Wednesday, July 2, 2025, at 11:30 am ET / 8:30 am PT. The Vision Marine conference call may be accessed as follows : Webcast URL: Teleconference: Toll Free: 888-506-0062 International: 973-528-0011 Participant Access Code: 181749 Vision Marine's management team plans to share insights into how this strategic move supports its broader vision for scaling electric propulsion in the recreational marine industry, enhances operational reach, and positions the Company for long-term growth. About Vision Marine Technologies Inc. Vision Marine Technologies Inc. (NASDAQ:VMAR) is a leading innovator in high-voltage electric propulsion systems for the recreational marine industry. The Company's E-Motion™ powertrain offers OEMs and consumers a scalable, zero-emission, high-performance alternative to internal combustion systems. Vision Marine's mission is to transform the boating experience through technology, efficiency, and integrated end-to-end electric solutions. Visit: About Nautical Ventures Group, Inc. Nautical Ventures is an award-winning marine dealership headquartered in Florida, operating nine retail and service locations with global reach. Known for its innovation and bold branding, the company offers a full portfolio of marine products-spanning powerboats, yachts, tenders, catamarans, and electric vessels-supported by factory-trained service and international export capabilities. Nautical Ventures leads the market in real-world adoption of electric propulsion and is the creator of the 'Orange is the New Green' campaign. Visit: Forward-Looking Statements This press release contains forward-looking statements within the meaning of U.S. securities laws, including statements related to the strategic, operational, and financial impacts of the acquisition. These statements are subject to risks and uncertainties, including those discussed in Vision Marine's filings with the U.S. Securities and Exchange Commission. Vision Marine undertakes no obligation to update forward-looking statements except as required by law. Investor Contact: Bruce Nurse, Investor Relations Vision Marine Technologies Inc. (303) 919-2913 bn@ SOURCE: Vision Marine Technologies Inc View the original press release on ACCESS Newswire
Miami Herald
23-06-2025
- Automotive
- Miami Herald
Vision Marine Technologies Acquires Nautical Ventures Group, Boating Industry 2024 Top 100 Dealer of the Year
Creates North America's first High-Voltage Propulsion Manufacturer with Multi-Brand Retail and Service InfrastructurePositions Company for Accelerated Growth in $2.5B+ Global Electric Boat MarketConsistently Generated Over USD $100 Million in Annual Sales from 2020 to 2023 MONTREAL, QC / ACCESS Newswire / June 23, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a leader in high-voltage electric marine propulsion systems, today announced the acquisition of Nautical Ventures Group, Inc. ("Nautical Ventures"), a Florida-based recreational boat dealership, marina, and service provider. Recently named the 2024 Boating Industry "Dealer of the Year". Nautical Ventures is widely recognized as one of the top boat dealership networks in the United States-and is notably the number one Axopar dealership globally. This acquisition marks the formation of North America's first electric boat propulsion and boat dealership company, combining Vision Marine's proprietary E-Motion™ high-voltage electric powertrain with Nautical Ventures' retail footprint, multi-brand boat inventory, and full-service infrastructure. "This acquisition marks a pivotal step in Vision Marine's strategy to scale and compete at the highest level of the global boating industry," said Alexandre Mongeon, CEO of Vision Marine. "The market is entering a new phase-one defined by innovation in propulsion, increasing demand for integrated solutions, and rising expectations from both OEMs and consumers. By joining forces with Nautical Ventures, we gain immediate access to a proven retail and service network, allowing us to accelerate the rollout of next-generation marine technology. Nautical Ventures' founder & CEO Roger Moore has been a mentor and friend for over a decade, and I am honored to carry forward this shared vision under one banner." Roger Moore added: "Nautical Ventures has always focused on bringing the best products and experiences to boaters. Our partnership with Vision Marine allows us to stay true to that mission while expanding what's possible. Electric propulsion is no longer a future concept-it's here, and it's ready." Nautical Ventures operates nine high-volume retail locations across Florida, including two flagship waterfront showrooms, providing Vision Marine with direct access to one of the most concentrated and active recreational boating markets in the world. The dealership offers a wide portfolio of prestigious marine brands including Axopar, Beneteau, Brabus, Edgewater, Flite, Highfield, Hobie, Mercury, NorthStar, Seabob, Smokercraft, Suzuki, Tohatsu, Wellcraft, and Yamaha, serving a diverse customer base from high-performance boaters to luxury yacht owners and international resort fleets. Transaction Highlights: A New Powerhouse in Boating Turnkey Electric Boating Platform - Vision Marine now offers a complete electric boating solution encompassing propulsion system design and manufacturing, boat integration, showroom sales, convenient sea trial access, professional installation, and comprehensive long-term service and Expansion - With the addition of Nautical Ventures' premium dealer network, Vision Marine is positioned to directly sell and install its E-Motion™ high-voltage systems across a wide range of globally recognized boat platforms-both those already integrated through the Company's 22 completed HV deployments and additional leading brands offered through Nautical Ventures' retail Market Penetration - Nautical Ventures' six locations across Florida's most active boating markets provide Vision Marine with direct exposure to tens of thousands of marine consumers annually. Their strong presence at major U.S. boat shows further enhances brand visibility and creates high-impact opportunities for customer engagement, product demonstration, and electric Revenue Streams - In addition to Vision Marine's existing consumer sales generated through production agreements with OEM partners, the acquisition adds high-margin dealership sales, rentals, parts, and aftermarket services-broadening the Company's revenue for Scaled Growth - The combined entity is now positioned to execute a nationwide rollout of integrated electric boats and services across both consumer and OEM channels. With the global electric boat market projected to exceed USD $2.5 billion by 2030, and an anticipated compound annual growth rate (CAGR) of over 18%, Vision Marine is now strategically positioned to lead this rapidly growing segment with a high-performance propulsion platform and direct market access through established retail and service infrastructure. Integration of Nautical Ventures' operations is already underway. The transaction was funded through a combination of cash, a seller's note and up to 255,102 shares of Vision Marine's common stock.ThinkEquity acted as an advisor to Vision Marine in connection with the acquisition. About Vision Marine Technologies Marine Technologies Inc. (NASDAQ: VMAR) is a leading innovator in high-voltage electric propulsion systems for the recreational marine industry. The Company's E-Motion™ powertrain offers OEMs and consumers a scalable, zero-emission, high-performance alternative to internal combustion systems. Vision Marine's mission is to transform the boating experience through technology, efficiency, and integrated end-to-end electric solutions. Visit: About Nautical Ventures Group, Ventures is an award-winning marine dealership headquartered in Florida, operating nine retail and service locations with global reach. Known for its innovation and bold branding, the company offers a full portfolio of marine products-spanning powerboats, yachts, tenders, catamarans, and electric vessels-supported by factory-trained service and international export capabilities. Nautical Ventures leads the market in real-world adoption of electric propulsion and is the creator of the "Orange is the New Green" campaign. Visit: Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of U.S. securities laws, including statements related to the strategic, operational, and financial impacts of the acquisition. These statements are subject to risks and uncertainties, including those discussed in Vision Marine's filings with the U.S. Securities and Exchange Commission. Vision Marine undertakes no obligation to update forward-looking statements except as required by law. Investor Contact:Bruce Nurse, Investor RelationsVision Marine Technologies Inc.(303) 919-2913bn@ SOURCE: Vision Marine Technologies Inc
Miami Herald
11-06-2025
- Automotive
- Miami Herald
Vision Marine Secures U.S. Battery Supply Chain Through Strategic Expansion with Octillion Power Systems
U.S.-Assembled 45.36 kWh High-Voltage Packs from Nevada Facility to Promote Accelerated OEM and Consumer Growth Through E-Motion™ Platform MONTREAL, QC / ACCESS Newswire / June 11, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneer in high-voltage electric marine propulsion systems, today announced a major milestone in its U.S. scale-up strategy: the expansion of its longstanding partnership with Octillion Power Systems, a top-tier U.S.-based lithium-ion battery manufacturer, to produce Vision-branded high-voltage battery packs dedicated exclusively to the American market. Under the terms of the agreement, Octillion will assemble Vision Marine's new proprietary 45.36 kWh battery packs at its state-of-the-art facility in Nevada, aiding in fast, cost-efficient distribution across North America. These batteries are designed to support both Vision Marine's OEM integrations and consumer-facing electric boat offerings, delivering increased power, extended range, and improved performance-while reducing total system cost and simplifying logistics. This renewed and enhanced partnership establishes a partial U.S. supply chain for Vision Marine's proprietary E-Motion™ 180E electric outboard system, unlocking key efficiencies. In addition to supporting factory integration with third-party manufacturers, the partnership provides a reliable and consistent battery supply for Vision Marine's direct-to-consumer electric boat sales, including those produced under formal production agreements with multiple established boat manufacturers. These vessels are sold through Vision Marine's channels while retaining the original manufacturer's branding, enabling broad market reach without altering brand identity. "Octillion has been an integral technology partner to Vision Marine for several years, powering our most high-performance programs-including multiple electric world speed record boats," said Alexandre Mongeon, CEO of Vision Marine Technologies. "With this expanded partnership and the support of Octillion's Nevada facility, we are positioned to scale commercial deliveries and prepare for our next record-setting performance with more power and higher efficiency." Founded in 2009 and headquartered in California, Octillion Power Systems is a global leader in lithium-ion battery technology, with over 2 million battery systems deployed across electric vehicles, industrial equipment, and energy storage sectors. Octillion brings deep technical expertise and proven large-scale manufacturing capabilities-essential components to Vision Marine's growth roadmap. "Having collaborated with Vision Marine since 2021 on the development of this American-built, marine-dedicated battery platform has been both technically rewarding and strategically significant," said Paul Beach, President of Octillion Power Systems. "We are proud to manufacture these 45.36 kWh packs at our Nevada facility and to work in close alignment with Vision Marine's team as they scale delivery and continue to push the boundaries of electric propulsion on water." In addition to supporting near-term production, Octillion's close proximity and embedded technical collaboration introduce a new phase in Vision Marine's development strategy. By aligning with a team that has delivered over 2 million battery systems globally, Vision Marine is now embracing a more agile, partner-integrated model of innovation, leveraging Octillion's energy systems expertise to guide refinements and influence the evolution of future battery architectures. The battery systems being manufactured by Octillion are integrated with Vision Marine's patent-pending proprietary high-voltage marine propulsion powertrain -the first battery pack purpose-built for electric marine propulsion. Engineered to meet the demanding conditions of marine use, these packs deliver enhanced energy density, ruggedness, and integration simplicity-promoting optimal performance across a wide range of recreational and commercial applications. The packs will be available exclusively with the E-Motion™ 180E outboard and offered as part of a fully integrated, plug-and-play powertrain solution. Designed for rapid OEM adoption and simplified factory installation, this system addresses long-standing industry barriers to electric adoption-namely cost, complexity, and limited performance. By leveraging Octillion's Nevada-based production infrastructure and forward-leaning technical engagement, Vision Marine becomes the first company in North America offering a fully industrialized, high-voltage electric marine outboard system with a U.S.-sourced battery solution -positioning the Company to meet growing demand for electrified boating while supporting regulatory and content compliance initiatives. With domestic battery sourcing secured, enhanced pack performance, and ongoing collaboration with Octillion's technical team, Vision Marine enters the second half of 2025 with the foundation to scale its go-to-market operations and accelerate its innovation agenda. As the Company advances, it remains committed to shaping the future of marine electrification by embracing cross-functional partnerships and leading-edge development models to bring next-generation technologies to the water. About Octillion Power SystemsOctillion Power Systems is a U.S.-based global provider of advanced lithium-ion battery solutions for electric mobility and stationary energy storage. With over 2 million battery packs shipped worldwide, Octillion specializes in scalable, safe, and high-performance battery packs for transportation, industrial, and grid-connected applications. Visit to learn more. About Vision Marine Technologies Marine Technologies Inc. (NASDAQ:VMAR) is a pioneer in marine electrification. Its flagship E-Motion™ 180E system is a fully integrated high-voltage electric outboard powertrain built for OEM adoption at scale. Vision Marine designs and manufactures electric propulsion systems and boats to transform recreational and commercial boating into a zero-emission experience. Learn more at Forward-Looking StatementsCertain statements in this press release constitute "forward-looking statements." These statements include, but are not limited to, expectations regarding the benefits of the new patent, its impact on future product development and original equipment manufacturer integrations, and Vision Marine's competitive position. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect results are discussed in the Company's filings with the Securities and Exchange Commission. Vision Marine undertakes no obligation to update any forward-looking statements except as required by law. Investor & Company ContactVision Marine TechnologiesBruce Nurse - Investor Relations(303) 919-2913bn@ Website: @marine_visionFacebook: @VisionMarineTechnologiesInstagram: @ @VisionMarineTechnologies SOURCE: Vision Marine Technologies Inc
