Vision Marine Technologies Inc. (NASDAQ: VMAR), a pioneer in electric propulsion systems for the marine industry, has taken a significant step towards expanding its footprint in Florida's lucrative boating market. Through its subsidiary, Nautical Ventures, the company has signed a Letter of Intent with Nimbus Boats USA for the exclusive distribution of Nimbus powerboats on Florida's West Coast. This agreement, set to be finalized by March 31, 2026, will enable Nautical Ventures to promote, sell, and service Nimbus's Tender, Commuter, Weekender, and Coupe series starting August 1, 2025.
This strategic move is designed to diversify Vision Marine's product offerings and solidify its presence in Florida, the largest U.S. market for new powerboats, engines, and accessories, which generated $6.4 billion in sales in 2023. The partnership with Nimbus Boats USA is a testament to Vision Marine's commitment to capturing the growing demand in the adventure-style boat segment, further enhancing its position as a leader in the marine industry.
The deal follows Vision Marine's acquisition of Nautical Ventures in June 2025, a milestone that created North America's first electric boat propulsion and multi-brand retail company. This acquisition has allowed Vision Marine to offer a comprehensive range of products, from traditional internal combustion engine boats to next-generation electric propulsion solutions, catering to the evolving needs of recreational boaters.
For more details on Vision Marine Technologies Inc. and its innovative solutions, visit https://ibn.fm/VMAR. This expansion not only underscores Vision Marine's growth strategy but also highlights the increasing consumer interest in sustainable and high-performance boating options, setting a new standard in the marine industry.
