Vision Marine Technologies Inc. Stocks

Vision Marine Technologies Inc. specializes in the creation and production of electric marine propulsion systems and electric watercraft, with operations spanning Canada, the United States, and other international markets. The company's business model is divided into two main areas: the direct sale of electric boats and the operation of electric boat rental services. Beyond full vessels, they also provide electric outboard motors, various boat components, and associated maintenance support. A notable part of their rental division includes an electric boat rental hub situated in Newport Beach, California, boasting a fleet of roughly 20 boats. Their offerings reach customers via multiple channels, including their own e-commerce platform, as well as partnerships with rental companies, authorized distributors, and independent dealers. They cater to both original equipment manufacturers (OEMs) and direct end-consumers. Founded in 1995 and headquartered in Boisbriand, Canada, the company was formerly recognized as The Canadian Electric Boat Company. Vision Marine Technologies Inc. functions as a subsidiary of West Island Brands Inc.