Latest news with #marinepropulsion
Associated Press
7 hours ago
- Automotive
- Associated Press
Vision Marine Technologies Acquires Nautical Ventures Group, Boating Industry 2024 Top 100 Dealer of the Year
MONTREAL, QC - 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 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 acted as an advisor to Vision Marine in connection with the acquisition. 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 [email protected] Media Contact Company Name: Microcap Headlines, Inc. Contact Person: Natalie Peccia Email: Send Email Phone: (888) 254-2227 Country: United States Website: Source: Microcap Headlines, Inc.
Globe and Mail
13 hours ago
- Business
- Globe and Mail
Vision Marine Technologies Acquires Nautical Ventures Group, Boating Industry 2024 Top 100 Dealer of the Year
MONTREAL, QC - 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 maintenance. Direct-to-Consumer 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 portfolio. Immediate 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 adoption. Diversified 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 mix. Foundation 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 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@ Media Contact Company Name: Microcap Headlines, Inc. Contact Person: Natalie Peccia Email: Send Email Phone: (888) 254-2227 Country: United States Website:
National Post
13 hours ago
- Automotive
- National Post
ACEL Power Launches Marine Industry's First Integrated Low-Light HD Camera for Electric Outboards
Article content Purpose-built module delivers 1080p imaging, on-board AI analytics, and 4G/GPS connectivity—bringing unmatched visibility to electric boating. Article content VANCOUVER, British Columbia — ACEL Power, a leader in intelligent electric marine propulsion, today unveiled a compact, high-definition camera engineered specifically for its next-generation Intelligent Electric Series. This is the only factory-integrated camera available on any electric outboard platform, offering boaters and commercial operators real-time visual, diagnostic, and security data—without the need for aftermarket systems. Article content 'Skippers deserve better visibility and safer tools without adding complexity,' said Anthony Liu, CEO of ACEL Power. 'By embedding smart imaging directly into our electric outboards, we're giving users peace of mind—on the water and at the dock.' Built for challenging marine environments Article content True low-light performance: Sony 1/2.8″ 2 MP CMOS sensor delivers full-colour images at just 0.05 lux (0.01 lux B/W) and records 1080p video at 30 fps. Razor-sharp imaging: 2D/3D noise reduction, digital WDR (> 90 dB), and advanced image enhancement keep visuals crisp through glare, spray, and dusk. AI on the edge: Built-in analytics enable motion, intrusion, and face recognition, plus privacy masking—no external servers needed. Ultra-efficient streaming: H.265+ compression minimizes data load, with SD storage supporting up to 256 GB of local loop recording. Always connected: Dual-mode Wi-Fi, optional 4G CAT 4 modem, and GPS/BeiDou enable remote monitoring, geotagged alerts, and browser-based live support—no plug-ins required. Marine-ready form factor: Measuring just 38 × 38 mm, the unit draws as little as 1.2 W and is encased in a vibration-damped, IP-rated housing, purpose-built by ACEL to withstand saltwater exposure. Article content Smart boating meets smart diagnostics Article content 'This isn't just about adding a camera—it's about merging vision, diagnostics, and data into one intelligent system,' said Natasha Chawla, VP of Sales and Marketing at ACEL Power. 'By integrating smart analytics and connectivity directly into the propulsion unit, we're taking a meaningful step toward safer, more proactive boating.' Article content Availability Article content The integrated camera module will ship standard on ACEL's, IE50 IE75, IE150, AND IE250 electric outboards series, available now. The module is not available for inboard systems. 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 Article content Article content Article content Article content Contacts Article content Media Inquiries: Article content Article content Article content
