Vision Marine Technologies Expands Florida Presence with Nimbus Boats Distribution Deal
TL;DR
Vision Marine Technologies expands its market dominance by securing exclusive rights to distribute Nimbus powerboats in Florida, tapping into the lucrative $6.4 billion powerboat market.
Vision Marine Technologies' Nautical Ventures will exclusively distribute Nimbus powerboats in Florida starting August 2025, following a Letter of Intent to be finalized by March 2026.
By integrating Nimbus powerboats into its portfolio, Vision Marine Technologies enhances recreational boating options, contributing to more sustainable and enjoyable water-based activities.
Discover how Vision Marine Technologies is revolutionizing the boating industry by combining electric propulsion with traditional powerboats for a greener future on the water.
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Vision Marine Technologies Inc. (NASDAQ: VMAR), a pioneer in electric propulsion systems for the marine industry, has taken a significant step to expand its footprint in Florida's lucrative boating market. The company's subsidiary, Nautical Ventures, has entered into a Letter of Intent (LOI) with Nimbus Boats USA, securing exclusive rights to distribute Nimbus powerboats on Florida's West Coast. This agreement, poised 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.
Florida stands as the largest market for new powerboats, engines, and accessories in the United States, with sales reaching $6.4 billion in 2023. The partnership with Nimbus Boats USA is a strategic move by Vision Marine to diversify its product offerings and strengthen its position in this key market. The deal follows Vision Marine's acquisition of Nautical Ventures in June 2025, a transaction that created North America's first electric boat propulsion and multi-brand retail company. This expansion into the adventure-style boat segment is expected to meet the rising demand among recreational boaters for high-quality, versatile watercraft.
The collaboration with Nimbus Boats USA underscores Vision Marine's commitment to providing a comprehensive range of boating solutions, from traditional internal combustion engine (ICE) boats to cutting-edge electric propulsion systems. The E-Motion(TM) 180E, Vision Marine's flagship product, represents the forefront of electric outboard technology, offering an eco-friendly alternative for the marine industry. By integrating Nimbus's premium powerboats into its portfolio, Vision Marine is set to cater to a broader audience, enhancing the on-water experience for enthusiasts across Florida.
For more details on Vision Marine Technologies and its innovative solutions, visit https://ibn.fm/VMAR. This partnership not only signifies Vision Marine's growth strategy but also highlights the evolving preferences of boaters towards more sustainable and diverse boating options.
Curated from InvestorBrandNetwork (IBN)
