The shares of Vision Marine Technologies Inc. (NASDAQ: VMAR) saw a notable comeback after a steep loss in the previous trading session, closing down 5.66% to $1.50. VMAR shares increased 96.62% to $2.91 in the most recent pre-market activity. The reason for this increase is a recent strategic partnership that has attracted investors’ interest.
Vision Marine Formed A Strategic Alliance
Leading provider of electric boat propulsion systems, ePropulsion, and Vision Marine Technologies have established a strategic agreement. The purpose of this partnership is to improve the recently released Phantom Boat, which features cutting-edge plastic rotomolding technology.
The Phantom debuted with a bespoke electric ePropulsion system at the Miami International Boat Show. As part of this partnership, the Phantom will be available through select ePropulsion dealers, both on demand and by recommendation across its extensive dealer network.
VMAR Going Through A Decade of Dependable Collaboration
Vision Marine’s relationship with ePropulsion spans over a decade, during which ePropulsion has supplied low-voltage boat propulsion solutions for Vision Marine’s entire product line, including its rental fleet. This long-standing collaboration highlights Vision Marine’s commitment to quality and the reliability of ePropulsion’s equipment, which has powered more than 385,000 boaters in demanding rental environments around the world.
Introducing the Phantom: A New Era in Electric Boating
The collaboration between Vision Marine and ePropulsion on the Phantom Boat represents a significant milestone in their partnership. The Phantom, equipped with the 6kW Navy 6.0 Evo system, promises consumers a reliable and high-performance solution.
The partnership also extends to the Volt, a fiberglass sister vessel to the Phantom, which will feature the new X series. Available through visionelectricboats.com, the Phantom embodies the blend of innovative design and proven propulsion technology. ePropulsion’s extensive expertise in electric propulsion makes it an ideal partner for Vision Marine.
This collaboration not only offers a tested and dependable solution for the Phantom but also aims to democratize access to electric boating. By integrating a low-voltage ePropulsion powertrain into the Phantom, Vision Marine is set to provide a zero-emission boating experience to a wider audience, supported by over 100,000 hours of proven performance.
