Montreal, Canada, December 15, 2022 – Vision Marine Technologies, Inc. (NASDAQ: VMAR) (“Vision
Marine” or the “Company”), the global leader and innovator within the performance electric
recreational boating industry, has received an initial purchase order from Groupe Beneteau (BEN-
Euronext) (“Beneteau”) of 25 E-Motion™ 180E outboard and powertrain systems. In addition, at the
beginning of each month, Beneteau will provide Vision Marine a quarterly rolling forecast, which shall
include additional quantities through a purchase order for the outboard and powertrain systems.
The commitment from Beneteau commenced by entering into a formal Supplier Agreement with Vision
Marine, which was announced on December 13, 2022. With this initial purchase order, Beneteau will
provide an eco-responsible alternative propulsion solution to its consumers.
Vision Marine and Beneteau will jointly market the groundbreaking Four Winns H2e to Beneteau’s
dealer network, which includes 72 dealers in the United States, and 400 worldwide, on five continents.
The H2e is the first purpose built fully electric runabout available to the market. Four Winns will
showcase the H2e and associated technology at the Paris Boat Show, December 3-10, 2022, ahead of
the ultimate formal introduction of this innovative new model at the Miami International Boat Show, to
be held February 16-20, 2023.
"This initial order sets an important commercial milestone and reflects not only the value, but also the
trust Beneteau places in our innovative technology, as we expand fully electric propulsion systems
globally across Beneteau’s formidable portfolio of brands,” stated Alex Mongeon, co-founder & CEO of
This initial order clearly cements Beneteau’s position as an innovative pioneer, with a clear focus on
sustainable and decarbonized boating, as well as a greatly enhanced customer experience. The
partnership in place with Vison Marine will enable Beneteau to offer eco-responsible alternative
propulsion solutions adapted for its models by 2030, in order to fulfill Beneteau’s recently announced
mandate to do so.
The world’s most powerful electric powertrain, the 180E electric outboard engine, powers the Four
Winns H2e, offering peak power of 230HP and top speed of approximately 35 knots (40mph), as well as
rapid acceleration and precise handling. There is presently nothing like it on a commercial scale available
to OEMs or consumers.
The system consists of two custom high voltage, high density 700v battery packs, complete with a fully
integrated and powerful onboard charger that can be plugged into any dock shore power system for
quick recharging. With an advanced 70kw battery pack, the H2e has the power and autonomy to cruise
Additionally, the H2e features the first ever smart “adaptive” digital console designed, specifically for
the marine industry. A complete dual touch screen display allows the boater direct connectivity to
entertainment controls, phone connection, and an advanced navigation system. H2e boaters will also
have access to an automatic logbook providing trip history, battery status, security, and even weather
The sleek lines, elegant look, and unparalleled performance and quietness of the groundbreaking Vision
Marine electric propulsion system enhances the classic look of the iconic Four Winns bowrider, adding a
modern touch to the boat.
For almost 50 years, Four Winns has been building its international reputation as a manufacturer of
refined and sophisticated open boats, easily customizable to meet the needs and desires of boat owners
worldwide. Four Winns continues to be the American timeless reference in boat building. Founded in
Cadillac, Michigan, its iconic image serves as a basis to consistently evolve products and features across
all markets by developing style icons perfectly shaped with a love for details. With a deep commitment
to a carefree, instinctive boating experience, Four Winns strives to exceed in comfort, convenience, and
operation ease – a true reward as soon as one steps on board.
A global market leader, Groupe Beneteau, thanks to its Boat Division’s 11 brands, offers nearly 180
recreational boat models serving its customers’ diverse navigational needs and uses, from sailing to
motorboating, monohulls and catamarans. Through its Boating Solutions division, the Group is also
present in the charter, boat club, marina, digital and financing sectors. Leading the European leisure
homes market, the three brands from the Group’s Housing division offer a comprehensive range of
leisure homes, lodges and pods that combine eco-design with high standards of quality, comfort, and
practicality. With its international industrial capabilities and global sales network, Groupe Beneteau
employs 7,600 people, primarily in France, the US, Poland, Italy, Portugal, and China.
Vision Marine Technologies, Inc. (Nasdaq: VMAR), strives to be a guiding force for change and an ongoing driving factor in fighting the problems associated with waterway pollution by disrupting the traditional boating industry with electric power, in turn directly contributing to zero pollution, zero emission and a noiseless environment. Our flagship outboard powertrain (“E-Motion™”) is the first fully electric purpose-built outboard powertrain system that combines an advanced battery pack, inverter, and high efficiency motor with proprietary union assembly between the transmission and the electric motor design utilizing extensive control software. Our E-Motion™ and related technologies used in this powertrain system are uniquely designed to improve the efficiency of the outboard powertrain and, as a result, enhance both range and performance. Vision Marine continues to design, innovate, manufacture, and sell handcrafted, high performance, environmentally friendly, electric recreational power boats to customers. The design and technology applied to our boats results in far greater enhanced performance
in general, higher speeds, and longer range. Simply stated, a smoother ride than a traditional internal combustion engine (ICE) motorboat.