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  • Vision Marine Technologies Inc VMAR has signed a partnership agreement with recreational boating company, Groupe Beneteau, to integrate the former’s outboard motors onboard several models across the latter’s portfolio.
  • Groupe Beneteau launched DELPHIA 11 electric boat in March, equipped with electric propulsion for boating on inland waterways and lakes.
  • The partnership with Vision Marine will ensure electric propulsion availability on outboard boats.
  • The Vision Marine E-Motion 180 hp powertrain system, with a battery capacity of 70kWh of continuous power, will be the right fit for day boating.
  • The initial commercial offering with Groupe Beneteau will be launched under the Four Winns brand, with deliveries expected to be available in spring 2023.
  • Price Action: VMAR shares closed higher by 2.60% at $6.31 on Friday.

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