10 January 2024

Vision Marine Technologies Inc. Closes Strategic Investment From The Government of Quebec, Through Investissement Quebec

MONTREAL, Canada – January 10, 2024 – Vision Marine Technologies Inc. (NASDAQ: VMAR)
(“Vision Marine” or the “Company”), a global leader and innovator within the performance
electric recreational boating industry, announced today that the Government of Québec, through
Investissement Québec, is providing a financial contribution of up to 3 million US dollars, in the
form of a subscription to preferred shares.

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