Tesla Of The Sea? How EV Tech Is Revolutionizing Boating
Business Insider -May, 31, 2023 - Markets
This is the year the $12-billion boat battery market joins the green revolution
This is the year the transition to electric begins in earnest. And the first mover advantage is going to Vision Marine, which unveiled its E-Motion 180 HP electric outboard motor, with its proprietary PowerTrain technology, at the Paris Boat Show in December. And has since launched the new H2 Bowrider in partnership with Four Winns.
But there is a second level in this revenue chain, as well: The $5-billion+ boat rental market
Vision Marine’s flagship Newport electric boat rental setup has launched with 35 boats and over 300,000 clients in the first three years, annualizing $4 million in revenues with a 35% profit margin. That’s just the beginning.
There are 8,000 marinas in the world, and 10,000 waterfront resorts and marinas, and Vision Marine is eyeing this huge playfield for rapid expansion of its electric rental segment–at a time when going electric has become a must for the environment.
More recent mentions of Vision Marine Technologies Partnership with Four Winns
- Four Winns and Vision Marine Technologies develop all-electric bowrider – Canadian Manufacturing
- The new H2e, The finer side of electric boating – Four Winns
- VMT Electric Outboard Motors Selected by Groupe Beneteau – Southern Boating
