FAQ: Vision Marine Technologies Inc. and Nimbus Boats Distribution Agreement on Florida’s West Coast

What is the main purpose of the agreement between Vision Marine Technologies and Nimbus Boats USA?

The agreement authorizes Nautical Ventures, a subsidiary of Vision Marine Technologies, to exclusively promote, sell, and service Nimbus powerboats on Florida’s West Coast, aiming to broaden Vision Marine’s product portfolio and capture demand in the adventure-style boat segment.

When is the agreement expected to be finalized and when will distribution begin?

The agreement is expected to be finalized by March 31, 2026, with distribution of Nimbus’s Tender, Commuter, Weekender, and Coupe series beginning August 1, 2025.

Why is Florida an important market for this agreement?

Florida is the largest U.S. market for new powerboats, engines, and accessories, generating $6.4 billion in sales in 2023, making it a strategic location for expanding Vision Marine’s presence and product offerings.

How does this agreement fit into Vision Marine Technologies’ broader business strategy?

This agreement follows Vision Marine’s acquisition of Nautical Ventures, creating North America’s first electric boat propulsion and multi-brand retail company, and aims to strengthen its Florida presence and product portfolio.

What types of boats will be included in the Nimbus Boats distribution agreement?

The agreement includes Nimbus’s Tender, Commuter, Weekender, and Coupe series, offering a range of options for recreational boaters on Florida’s West Coast.

Where can I find more information about Vision Marine Technologies and this agreement?

More information is available in the company’s newsroom at https://ibn.fm/VMAR and the full press release can be viewed at https://ibn.fm/tztnm.

Who is Nautical Ventures and how does it relate to Vision Marine Technologies?

Nautical Ventures is a Florida-based dealership network acquired by Vision Marine Technologies in June 2025, now serving as its sales and service network on the East Coast of the United States, offering both traditional and electric propulsion boats.

What makes Vision Marine Technologies unique in the marine industry?

Vision Marine Technologies specializes in high-voltage electric propulsion systems for the marine industry, with its flagship E-Motion(TM) 180E system, and through Nautical Ventures, offers a full range of traditional and electric boating solutions.