Latest news with #electricmarine
Yahoo
5 days ago
- Automotive
- Yahoo
Nautical Ventures Joins Shaun Torrente Racing for the 2025 Offshore Super Stock Series
A new collaboration with one of racing's biggest names kicks off this weekend in Sheboygan, Wisconsin FT LAUDERDALE, FL / / August 8, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneer in high-voltage electric marine propulsion and a multi-brand boat retailer with a strong dealership network across Florida, Nautical Ventures, your go-to people for fun on the water, is proud to announce its collaboration with Shaun Torrente Racing (STR) for the 2025 Offshore Super Stock Series-bringing championship racing energy into the heart of the Nautical Ventures community. This exciting collaboration pairs Nautical Ventures with Shaun Torrente, a multiple UIM World Champion, XCAT World Champion, and one of the most respected names in offshore powerboat racing. As throttleman for STR, Torrente teams up with driver Matt Jamniczky aboard their custom STR Powerboat, carrying Nautical Ventures branding as they compete across the U.S. this season. With nine locations across Florida and a lineup that includes everything from pontoons to tenders to electric boats, Nautical Ventures is all about delivering the best on-water experiences-whether you're relaxing with family or diving into performance. Since 2020, the company has sold and rigged over 1,900 Mercury outboards, helping customers make the most of their time on the water. Shaun Torrente's connection to Nautical Ventures and parent company Vision Marine runs deep. He played a leading role in Vision Marine's historic 116 mph electric speed record at the Lake of the Ozarks Shootout, showcasing how innovation and adrenaline can go hand in hand. "I'm excited to welcome Vision Marine and Nautical Ventures as part of the STR team," said Shaun Torrente. "This is more than a sponsorship-it's a strong collaboration rooted in real alignment and shared passion. We've already made history together once, and with the season heating up, I'm glad to have them onboard as we push for even more wins." The 2025 Offshore Super Stock season continues this weekend at the Sheboygan, Wisconsin Grand Prix, running August 8-10. If you're a fan of power, precision, and high-performance boating, this is one race you won't want to miss. About Nautical VenturesAt Nautical Ventures, we're the go-to people for fun on the water. With nine Florida locations and one of the widest selections of boats, tenders, electric vessels, outboards, and water toys in the U.S., we make it easy to find your dream boat-and everything you need to enjoy it. Whether you're cruising, fishing, exploring, or just relaxing, our team is here to help you get out there and make the most of every moment on the water. More about Nautical Ventures promotion can be found at: About Vision Marine Technologies 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 a 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, visit Forward-Looking StatementsThe 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 and Company Contact:Bruce NurseInvestor Relations(303) 919‑2913bn@v‑ SOURCE: Vision Marine Technologies Inc View the original press release on ACCESS Newswire
Yahoo
28-07-2025
- Automotive
- Yahoo
Vision Marine Technologies Accelerates Global Leadership in Tender Market, Deploys Strategic Growth Initiatives
MONTREAL, QC / / July 28, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneer in high-voltage electric marine propulsion and a multi-brand boat retailer with a strong dealership network across Florida, today announced the expansion of its commercial activities across the global tender market-a high-turnover, high-impact segment in which the Company now holds a commanding position. Following its acquisition of Florida-based Nautical Ventures Group, Winner of Boating Industry's Top 100 Dealer of the Year award in 2024, Vision Marine has become one of the largest US distributors of Highfield Boats-which bills itself as the world's number one manufacturer of rigid inflatable tenders. Highfield reports having delivered approximately 54,000 units globally since 2011. Vision Marine now accounts for a leading share of its North American 2022 to 2024, Nautical Ventures Group, which Vision Marine acquired in June 2025, sold in excess of 600 tenders across its Florida-based dealership network, generating more than $14 million in revenue. In 2023 alone, Nautical Ventures sold more than 200 units, representing over $4 million in tender-related sales. These strong historical results-achieved prior to the acquisition-form the commercial backbone of Vision Marine's current tender strategy and reflect the performance capacity of the Company's seven high-volume dealership locations strategically positioned across Florida, the epicentre of U.S. recreational boating. Vision Marine has also allocated a dedicated retail and service facility at 1440 South Federal Highway in Fort Lauderdale, focused exclusively on tenders and inflatables. This strategic property supports showroom expansion, accompanied by its marina which provides service capacity, aftermarket support for quick turnaround and on-site integration of both gas-powered and electric tenders, accelerating inventory turnover and operational readiness in this high-growth category. "The tender is no longer just a yacht accessory-it's a standalone product category that delivers volume, visibility, and direct consumer engagement," said Alexandre Mongeon, CEO of Vision Marine. "This segment gives us early access to a new generation of boaters and fleet operators, many of whom are already shifting from ICE to electric. That makes tenders not only commercially strategic, but transformational for our business model." The global inflatable boat market is expected to reach an estimated $4 billion by 2030 from $2 billion in 2023 at a CAGR of 7% from 2023 to 2030. Interest in electric propulsion is steadily increasing across the marine industry, particularly in the tender category, where size, use case, and user expectations align naturally with electrified solutions. Vision Marine is strategically positioned to serve this shift, combining its proprietary high-voltage electric technology with a growing retail footprint and integration part of its broader effort to accelerate inventory turnover and maximize retail performance across its store network, Nautical Ventures recently launched a limited-time tender promotion across all Nautical Ventures locations. The initiative is designed to create rapid movement of key models, increase showroom traffic, and support year-round sell-through-a shift that reflects Vision Marine's renewed focus on retail efficiency and high-frequency customer engagement. Tenders now span a wide range of applications-from compact inflatables and luxury yacht support vessels to robust standalone boats used for diving, waterfront commuting, and light commercial activity. Vision Marine supports both internal combustion and electric configurations, including integration with the Company's own E-Motion™ 180E high-voltage electric powertrain. With full-service integration and delivery available through its dealership network, Vision Marine is uniquely equipped to meet growing demand for reliable, high-performance tenders. The Company's scale and full vertical integration-spanning propulsion innovation, OEM collaboration, direct retail, and post-sale service-enables it to deliver unmatched consumer experience and operational control. Nowhere is this model more evident than in the tender segment, where Vision Marine plans to increase both market share and customer retention through a blend of volume strategy and premium support. This focus on the tender segment-particularly its electrification-is designed to deliver long-term shareholder value through a combination of volume growth, margin expansion, and recurring revenue potential. As the market accelerates toward electric solutions, Vision Marine is leveraging its proprietary propulsion technology, dealership assets, and integration expertise to build a durable and scalable marine platform. More about Nautical Ventures promotion can be found at: 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 a 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 and Company Contact:Bruce NurseInvestor Relations(303) 919‑2913bn@v‑ SOURCE: Vision Marine Technologies Inc View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
26-05-2025
- Automotive
- Yahoo
ACEL Power Signs Strategic Distribution Agreement with En-Syst to Expand Electric Marine Propulsion in Southeast Asia
SINGAPORE, May 26, 2025 /PRNewswire/ -- ACEL Power Inc., a Canadian innovator in electric marine propulsion, has entered into a distribution agreement with Singapore-based En-Syst Equipment & Services Pte Ltd. This strategic partnership grants En-Syst distribution rights for Singapore and across select ASEAN markets, including Malaysia, Indonesia, the Philippines, Thailand, Vietnam, and more. The collaboration marks ACEL Power's formal entry into Southeast Asia's fast-growing marine electrification sector, supporting the region's transition toward zero-emission marine technologies—especially in commercial, transport, and protected waterway segments. Southeast Asia's Electric Marine Moment A region of island with millions relying on short-haul ferries, water taxis, dive boats, and resort shuttles daily, the region represents one of the largest untapped markets for electric propulsion globally. Governments across ASEAN are introducing low-emission maritime zones, while tourism operators, fleet owners, and municipalities are seeking quieter, cleaner, and more efficient vessels. A recent study by the International Renewable Energy Agency (IRENA) forecasts that electric propulsion systems could power up to 50% of small to mid-sized vessels in Southeast Asia by 2035, as costs fall and emissions standards tighten. "This partnership with En-Syst is another major milestone for ACEL as we scale globally," said Natasha Chawla, VP of Sales and Marketing at ACEL Power. "With over three decades of experience powering mission-critical infrastructure across APAC, En-Syst is ideally positioned to bring our technology to market and help accelerate the shift to sustainable boating." A Turnkey Solution for the Region En-Syst will distribute ACEL's entire portfolio, the full Intelligent Electric Series, including 50HP, 75HP, 150HP, and 250HP outboards—each part of a high-voltage, fully integrated system combining modular battery packs, digital throttle controls, onboard touchscreen interface, and smart connectivity. The motors deliver up to 95.8% powertrain efficiency, while the high-voltage LFP battery packs feature an expandable architecture that supports seamless system scalability for extended range configurations. Advanced software provides real-time diagnostics, remote monitoring, and performance optimization, delivering a fully intelligent experience for modern marine operations. In addition to outboards, ACEL's offering extends to inboard propulsion systems and ACEL X-tend range extender, gas-and diesel-powered generators for hybrid applications. "We are excited to partner with ACEL Power to bring next-generation marine propulsion to Southeast Asia," said Teo Han Leong, Director of En-Syst. "Our region is ready for a leap forward in digitalization and electrification. From tourism and transport to utility vessels, the demand for cleaner and smarter marine solutions is rapidly growing. ACEL's integrated system provides a reliable, software enabled platform that aligns with what our customers want today—and what regulations will require tomorrow." En-Syst will maintain local inventory, offer installation and technical support, deploy demo boats, and lead OEM activations and regional trade show initiatives to grow dealer and customer adoption. About ACEL Power ACEL Power, headquartered in Vancouver, Canada, is a pioneering manufacturer of electric outboard propulsion systems, leading the marine industry in innovation and sustainability. Noted for introducing the world's first mass-produced 50 and 75HP electric motors, ACEL Power is committed to shaping a sustainable future through the creation of a smart electric eco-system. With a forward-looking vision, ACEL aims to offer a comprehensive range from 1HP to 650HP, establishing new benchmarks for marine propulsion in performance, safety, and longevity. Leveraging patented technology and integrated software solutions, ACEL Power is driving change towards a cleaner, more efficient boating more information, visit ACEL's electric outboard motors in action here. About En-Syst En-Syst designs and supplies customized power systems that support mission-critical infrastructure across Asia-Pacific. For more than 30 years, they have powered the industries and businesses that APAC relies on. With scalable solutions ranging from 15 to 4,000 KVA, En-Syst is built for the present and ready for the future. For more information, visit Media Inquiries: ACEL Power Chawla, VP Sales & MarketingEmail: natasha@ En-Syst Equipment & Services Pte Ho Kah Huat, Manager Sales & MarketingEmail: khho@ sales@ View original content to download multimedia: SOURCE En-Syst Equipment & Services Pte Ltd Sign in to access your portfolio
National Post
21-05-2025
- Automotive
- National Post
ACEL Power Signs Strategic Distribution Agreement with En-Syst to Expand Electric Marine Propulsion in Southeast Asia
Article content VANCOUVER, British Columbia — ACEL Power Inc., a Canadian innovator in electric marine propulsion, has entered into a distribution agreement with Singapore-based En-Syst Equipment & Services Pte Ltd. This strategic partnership grants En-Syst distribution rights for Singapore and across select ASEAN markets, including Malaysia, Indonesia, the Philippines, Thailand, Vietnam, and more. Article content Article content The collaboration marks ACEL Power's formal entry into Southeast Asia's fast-growing marine electrification sector, supporting the region's transition toward zero-emission marine technologies—especially in commercial, transport, and protected waterway segments. Article content Southeast Asia's Electric Marine Moment Article content A region of islands with millions relying on short-haul ferries, water taxis, dive boats, and resort shuttles daily, the region represents one of the largest untapped markets for electric propulsion globally. Governments across ASEAN are introducing low-emission maritime zones, while tourism operators, fleet owners, and municipalities are seeking quieter, cleaner, and more efficient vessels. Article content A recent study by the International Renewable Energy Agency ( IRENA) forecasts that electric propulsion systems could power up to 50% of small to mid-sized vessels in Southeast Asia by 2035, as costs fall and emissions standards tighten. Article content 'This partnership with En-Syst is another major milestone for ACEL as we scale globally,' said Natasha Chawla, VP of Sales and Marketing at ACEL Power. 'With over three decades of experience powering mission-critical infrastructure across APAC, En-Syst is ideally positioned to bring our technology to market and help accelerate the shift to sustainable boating.' Article content En-Syst will distribute ACEL's entire portfolio, the full Intelligent Electric Series, including 50HP, 75HP, 150HP, and 250HP outboards—each part of a high-voltage, fully integrated system combining modular battery packs, digital throttle controls, onboard touchscreen interface, and smart connectivity. The motors deliver up to 95.8% powertrain efficiency, while the high-voltage LFP battery packs feature an expandable architecture that supports seamless system scalability for extended range configurations. Advanced software provides real-time diagnostics, remote monitoring, and performance optimization, delivering a fully intelligent experience for modern marine operations. Article content In addition to outboards, ACEL's offering extends to inboard propulsion systems and ACEL X-tend range extender, gas- and diesel-powered generators for hybrid applications. Article content 'We are excited to partner with ACEL Power to bring next-generation marine propulsion to Southeast Asia,' said Teo Han Leong, Director of En-Syst. 'Our region is ready for a leap forward in digitalization and electrification. From tourism and transport to utility vessels, the demand for cleaner and smarter marine solutions is rapidly growing. ACEL's integrated system provides a reliable, software enabled platform that aligns with what our customers want today—and what regulations will require tomorrow.' Article content En-Syst will maintain local inventory, offer installation and technical support, deploy demo boats, and lead OEM activations and regional trade show initiatives to grow dealer and customer adoption. Article content About ACEL Power Article content ACEL Power, headquartered in Vancouver, Canada, is a pioneering manufacturer of electric outboard propulsion systems, leading the marine industry in innovation and sustainability. Noted for introducing the world's first mass-produced 50 and 75HP electric motors, ACEL Power is committed to shaping a sustainable future through the creation of a smart electric eco-system. With a forward-looking vision, ACEL aims to offer a comprehensive range from 1HP to 650HP, establishing new benchmarks for marine propulsion in performance, safety, and longevity. Leveraging patented technology and integrated software solutions, ACEL Power is driving change towards a cleaner, more efficient boating experience. Article content En-Syst designs and supplies customized power systems that support mission-critical infrastructure across Asia-Pacific. For more than 30 years, they have powered the industries and businesses that APAC relies on. With scalable solutions ranging from 15 to 4,000 KVA, En-Syst is built for the present and ready for the future. Article content Article content Article content Article content Article content Contacts Article content Media Inquiries: Article content ACEL Power Inc. Natasha Chawla, VP Sales & Marketing Email: natasha@ Article content Article content Article content
