Initiating coverage of Vision Marine Technologies Inc.
Vision is working to bring the benefits of drivetrain electrification to the performance and environmentally-minded boating world. Management introduced the E-Motion outboard electric motor in December 2022, and we expect this product to materialize as the primary driver of future growth. Demonstrations have been impressive with the Vision team setting a record speed of 109 mph for an electric boat in the summer of 2022.The E-Motion 180E 180-horsepower outboard motor is slated to start commercial produciton in late 2023, and offers an easy package for third-party boat OEMs to integrate the technology.
Vision is also introducing a rotomolded polyethelyne boat, the Phantom, with a cost-effective and ruggedized hull, ideal for the rentals market, and we will monitor market uptake closely at the time of initial deliveries, which are slated to take place in 1HF24.We expect the E-Motion and Phantom to drive impressive growth supplementing momentum in existing operations, including the four low-speed electric boat models offered and the EV boat rentals business. We recommend VMAR as a unique tech play with high-growth potential in an emerging market.
E-Motion 180 Electric Outboard Motor
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
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