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Hear about the future of Electric Boats from CEO of Vision Marine
Technologies Inc. (NASDAQ: $VMAR) @marine_vision
January 6, 2025 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing
resource covering water and renewable energy stocks issues a new edition of the
Investorideas.com Cleantech Podcast.
Host Cali Van Zant talks to Mr. Alexandre Mongeon,
Co-Founder and CEO of Vision Marine Technologies Inc. (NASDAQ: VMAR), a pioneer in
electric boating,
With the Electric Boats Market projected to be a $16.6
Billion Market by 2031, according to Cleantechnica.com, this is a podcast worth
listening to.
Listen to the podcast on https://www.spreaker.com/episode/the-power-of-vision-for-electric-boats-how-one-ceo-made-it-happen--63580636
Watch the Interview on YouTube
Disclosure: This Podcast is a paid for sponsored content.
Read this article, featuring VMAR in full at https://www.investorideas.com/news/2025/cleantech-podcasts/01061Electric-Boat-Vision-Marine-Technologies-VMAR.asp
Alexandre, who has been in the marine industry for more than 25 years,
discusses his company, Vision Marine Technology which was founded in 2002. The
company initially built small electric boats for rental operations and hotels,
producing over 3,000 units. In 2014, they began developing an inboard electric
high voltage system that could reach speeds of 40 to 42 miles per hour and
perform water skiing.
They partnered with major marine parts suppliers and used McLaren for
testing and engineering. Today, Vision Marine Technology builds 50 to 60 small
electric boats annually and offers their technology to other boat
manufacturers. They have completed 21 integrations on different types of boats
and won awards. The system is efficient, quiet and fast, and can be recharged
using shore power.
Cali and Alexandre discuss the success of their electric powertrain,
which set a new speed record for 2022 and 2023. Alexandre explained that the
team built a regular boat with electric outboards and achieved a speed of 116
miles per hour, surpassing the previous record. He emphasized the importance of
hands-on testing and development, and the potential for other manufacturers to
join the electric boating market. Alexandre also mentioned that they are
currently the only company in the marine space with a comparable product, but
welcomed competition from established brands like Mercury, Honda, and Suzuki.
Alexandre talks about the benefits of electric outboards for small
waterways and short trips, highlighting their cost-effectiveness and reduced
environmental impact compared to traditional ice engines. He noted that
electric outboards have less vibration, fewer moving parts, and a lower fuel
cost, with a full charge costing about $5.
He also mentions that electric outboards require less maintenance, with
the only necessary change being a glycol fluid every 1,000 hours.
He reports on the company's expansion into the pontoon market,
highlighting six different integrations with various brands. He notes that the
market is huge, particularly in lakes where fuel stations are scarce, and that
the company now offers small electric boats and pontoons with their system
installed.
Alexandre also shares the importance of partnerships with manufacturers,
enabling the company to sell fully integrated products.
He reveals plans to offer at least 20 different types of product
offerings with their system in the next few weeks.
When asked about the current product offerings through Vision Marine, he
responds that “they have three brands of pontoons with about 60 different
models and four types of smaller boats, all built in Montreal and sea
certified.”
Alexandre discusses the technological advancements and competitive edge
of their marine parts certified engine and battery charging system. He
highlights the system’s high voltage, amperage, and cooling capabilities, which
enable heavy boating in warm environments without overheating issues.
He also discusses the company's financial situation, including a recent
rollback to meet NASDAQ compliance and their current cash position.
He expresses optimism about the future of electric boating, predicting a
potential doubling of sales from the previous year. The company plans to
participate in 10 to 12 boat shows and is working on finalizing agreements with
third-party suppliers.
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR) is a
pioneer in electric boating, recognized for its innovative E-Motionâ„¢ Electric
Marine Powertrain Technology that offers a superior, zero-emission boating
experience. With proprietary, turn-key electric solutions, Vision Marine
combines cutting-edge technology, high-performance propulsion, and eco-friendly
systems. The company has broken multiple electric world speed records,
showcasing its commitment to pushing the boundaries of performance. Vision
Marine is leading the transformation of the marine industry with unmatched
power and efficiency for a cleaner future on the water.
Investor and Company Contact:
Vision Marine Technologies
Bruce Nurse
(303) 919-2913
bn@v-mti.com
Website: visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies
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