Vision Marine Technologies Inc (VMAR) Financial

Vision Marine Technologies, Inc. engages in the design, development, and manufacturing of electric outboard powertrain systems and electric boats. The company is headquartered in Boisbriand, Quebec and currently employs 154 full-time employees. The company went IPO on 2020-11-24. The firm operates two segments: Vision Marine Segment and Nautical Ventures (NVG) Segment. Through its two pillars: high-voltage electric propulsion technology and the Nautical Ventures multi-brand retail and service network delivers a scalable marine platform built for consumer experience and long-term growth. The Company’s flagship E-Motion 180E powertrain is a purpose-built, high-voltage electric marine propulsion system powering vessels such as the V30 180 HP Electric Pontoon. Its Vision Marine Segment includes design and manufacture of electric boats, sales of electric boats, motors, and related parts and others. Its NVG Segment includes retail dealerships for recreational boats, engines, tenders, and marine products and others.