FAQ: Vision Marine Technologies Inc. Acquires Nautical Ventures to Launch First Integrated Electric Boat Dealership in North America

What is the significance of Vision Marine Technologies acquiring Nautical Ventures?

The acquisition establishes North America’s first combined electric boat propulsion and dealership platform, pairing Vision Marine’s E-Motion(TM) powertrain with Nautical Ventures’ extensive retail network, inventory, and service capabilities.

How does this acquisition benefit Vision Marine Technologies?

It provides Vision Marine direct access to one of the world’s most active boating markets, adds direct-to-consumer capabilities, expanded revenue streams, and positions the company to scale nationwide.

What brands are included in Nautical Ventures’ portfolio?

Nautical Ventures’ portfolio includes brands like Axopar, Yamaha, and Beneteau.

Where are Nautical Ventures’ locations?

Nautical Ventures has nine locations in Florida.

How was the acquisition funded?

The deal was funded through cash, a seller’s note, and stock, advised by ThinkEquity.

What is 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, offering a scalable, zero-emission, high-performance alternative to internal combustion systems.

Where can I find more information about Vision Marine Technologies Inc.?

More information is available at www.visionmarinetechnologies.com and in the company’s newsroom at https://ibn.fm/VMAR.

What is the E-Motion powertrain?

The E-Motion powertrain is Vision Marine’s high-voltage electric propulsion system that offers OEMs and consumers a scalable, zero-emission, high-performance alternative to internal combustion systems.

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