Vision Marine Technologies Inc (VMAR) Financial

Vision Marine Technologies Inc is a CA-based company operating in Leisure Products industry. The company is headquartered in Boisbriand, Quebec and currently employs 20 full-time employees. The company went IPO on 2020-11-24. Vision Marine Technologies Inc. is a Canada-based company engaged in the manufacturing, selling and renting of electric boats. Its segments include sale of electric boats and rental of electric boats. The sale of electric boats segment is engaged in the manufacture of customized electric boats for consumer market and sale of boat parts maintenance. The rental of electric boat segment is engaged in short-term rental operation and boat club membership. The company designs, manufactures, and sells its handcrafted, electric recreational powerboats to recreational customers. The company has developed its first fully-electric outboard powertrain system that combines an advanced battery pack, inverter, motor with proprietary union assembly between the transmission and the electric motor design and control software. The firm manufactures five models of electric powerboats and each model is available in different standard variations: Bruce 22, Volt 180, Fantail 217, Quietude 156, and Phantom.