Press Releases

Vision Marine Technologies Completes Production Contract for Marine Batteries with Neogy

Montreal, Canada, November 21, 2022 – Vision Marine Technologies (NASDAQ: VMAR) (“Vision
Marine” or the “Company”), the global leader and innovator in electric transition of the recreational
boating industry, is pleased to announce it has executed a production contract with Neogy, a division of
Groupe Startec Energy, a French manufacturer of specialized batteries and systems.

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Vision Marine Technologies Expands Electric Boat Rental Operations into Portside Ventura Harbor, California

Montreal, Canada, November 10, 2022– Vision Marine Technologies (NASDAQ: VMAR) (“Vision
Marine” or the “Company”), the global leader and innovator in the electric transition of the recreational
boating industry, is pleased to announce the expansion plan of our high margin, profitable and rapidly
growing electric rental boat operations into Portside Ventura Harbor, California.

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Vision Marine Technologies Partners with Freedom Boat Club South Florida

Montreal, Canada, November 7, 2022 – Vision Marine Technologies (NASDAQ: VMAR) (“Vision Marine”
or the “Company”), or the “Company”), the global leader and innovator in electric transition of the recreational boating industry, has launched a partnership with a large franchisee of Freedom Boat Club (“FBC”), a subsidiary of Brunswick Corporation. The franchisee of FBC, located in Deerfield, Florida, will enter into a six-month evaluation program with Vision Marine. Vision Marine will supply five third party pontoons equipped with its E-Motion™ 180E fully electric outboard motor and powertrain system.

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Vision Marine Technologies Partners with Nautical Ventures Group to offer Groundbreaking 100% Recyclable Boat for the U.S. Boating Market

Montreal, Canada, October 17, 2022 – Vision Marine Technologies (NASDAQ: VMAR) ("Vision Marine"
or the "Company"), leader and innovator in the electric recreational boating industry, has formed a
partnership with Nautical Ventures Group as its sole and exclusive distributor of a fully recyclable
rotomolded plastic boat (the “Phantom”) for the state of Florida, and a non-exclusive distributor
dealership agreement for the United States. This agreement includes Nautical Ventures' agreement to
purchase a minimum of 50 Phantoms in the first year with a retail value of $1.5 million.

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Vision Marine Receives Initial Purchase Order from The Limestone Boat Company US$2 Million Purchase Order for 25 E-Motion™ 180E Powertrains

MONTREAL, Canada, September 22, 2022 — Vision Marine Technologies, Inc. (Nasdaq: VMAR) (“Vision Marine” or the “Company”), the global leader in the performance electric recreational marine propulsion industry serving OEMs (Original Equipment Manufacturer), is pleased to announce an initial purchase order of 25 E-Motion™180E outboard motors and powertrain systems from The Limestone Boat Company (BOAT-TSXV).

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Vision Marine Smashes the World Record for World’s Fastest Electric Boat Achieves Top Speed of 109 MPH at the Iconic Lake of the Ozarks Shootout

Vision Marine Technologies (NASDAQ: VMAR) (“Vision Marine” or the “Company”), the global leader in the electric recreational marine propulsion industry serving OEMs, is proud to announce an historic milestone in the boating industry by shattering the 100 MPH speed barrier on an electric watercraft. The event, in it’s 34th year, catered to a plethora of onsite and online video streaming viewers.

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Vision Marine Technologies Reports Third Quarter 2022 Financial Results

Montreal, Canada, July 21, 2022 – Vision Marine Technologies (NASDAQ: VMAR) (“Vision Marine” or the “Company”), the leader in electric transition of the recreational boating industry, has filed its fiscal 2022 Q3 results. Revenue for the three months ended May 31, 2022, totaled CAD$2.01 million, which represented a year over year increase of 161% over the CAD$0.77 million reported in the like quarter in 2021.

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Groupe Beneteau launches a partnership with Vision Marine Technologies to develop and market 100% electric outboard-equipped boats

Montreal, Canada, July 18, 2022 – Groupe Beneteau, a global market leader in recreational boating, and Vision Marine Technologies (NASDAQ: VMAR) (“Vision Marine” or the “Company”), the leader in electric transition of the recreational boating industry, have launched a partnership to integrate Vision Marine Technologies’ revolutionary, high-power outboard motors onboard several models across Groupe Beneteau’s brand portfolio.

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