Vision Marine Technologies Inc. Stock Analysis VMAR

Vision Marine Technologies, Inc. engages in the design, development, and manufacturing of electric outboard powertrain systems and electric boats. The company employs 154 full-time employees The company went IPO on 2020-11-24. The company is focused on developing and commercializing electric propulsion solutions and related products for the recreational boating market. Its core technology is the E-Motion, a high-voltage electric outboard powertrain platform, which includes its flagship 180 HP E-Motion 180E system. The company operates through two segments: electric propulsion and boat manufacturing, including ongoing development and commercialization of our E-Motion systems and electric boat models; and retail sales and services through Nautical Ventures, which provides a scaled distribution platform and recurring service revenue. Its E-Motion powertrain includes high voltage marine battery packs, inverter (charger), throttle control and monitoring and control software. Its product mix includes both electric and internal-combustion engine (ICE) boats, positioning the business as a provider of marine products to consumers and commercial customers.