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NEWS SUNDAY 12/1
Vision Marine Technologies and Massimo Marine Announce Production Partnership for First Commercial Electric Pontoon Platform
Vision Marine Technologies (Nasdaq: VMAR) has partnered with Massimo Marine to produce a 30-foot electric pontoon platform for commercial and recreational markets. The collaboration leverages Vision Marine's electric propulsion expertise and Massimo's manufacturing capabilities in Garland, Texas.
The partnership aims to address the growing pontoon boat market, which saw 115,000 units sold in 2023, up 5% from 2022. The initiative aligns with Vision Marine's strategy to offer complete electric boats directly to consumers, while also utilizing Massimo Marine's distribution network.
The electric pontoon platform will be eligible for various government incentives and targets the sustainable marine transportation sector.
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