#Canada #Montreal #Vision Marine #Electric Boats #E-Motion Propulsion

Vision Marine Technologies Sees Strong Growth in Electric Boat Demand

MONTREAL, March 26, 2026 – Vision Marine Technologies Inc. (NASDAQ: VMAR), a leading marine technology firm known for its innovative electric solutions, has announced a significant increase in commercial demand for electric boats. This surge is setting robust production commitments for the year 2026.

As of March 2026, Vision Marine has successfully committed a substantial portion of its electric boat production, largely influenced by current commercial and retail agreements. These production plans highlight early-year visibility, revealing that operators of commercial fleets are becoming increasingly integral to the allocation of resources.

Over the last year, Vision Marine has witnessed a notable uptick in commercial activity, with fleet operators expressing interest from various states including Florida, California, Virginia, and Michigan, as well as international markets like Melbourne, Australia. These new engagements involve initial integrations into existing commercial fleet platforms, proactive multi-unit rollouts, and ongoing cycles of fleet renewal. This evolution suggests a shift towards more consistent procurement within the commercial sector, signaling a promising shift towards the acceptance of electric boating in commercial uses.

The motivations behind this move towards electric boats among commercial operators include several operational advantages such as simplified maintenance, improved uptime, and user-friendliness in high-demand environments. As these fleets expand and refresh their vessels, it creates recurring demand while simultaneously enhancing the occurrence of electric boating in diverse markets, which may drive greater consumer awareness and adoption in the future.

Alexandre Mongeon, CEO of Vision Marine, remarked, "Commercial deployment is becoming a meaningful driver of adoption. Operators are integrating electric boats into their fleets, allowing end-users to experience the reliability, simplicity, and accessibility that electric boating has to offer."

In response to this growing demand, the integration of Nautical Ventures has significantly broadened Vision Marine's retail and service capabilities in Florida. This bolstered presence enhances their dealership network, expanding access to electric boating solutions across both the eastern and western parts of the United States, while supporting both commercial clients and retail consumers alike.

Vision Marine is confident that the acceptance of electric boats in commercial fleets, combined with the growth of its retail infrastructure, will bolster market development. This synergy is expected to further increase the visibility and accessibility of electric boating technologies. As part of this committed transition, the company has developed its innovative E-Motion™ 180E high-voltage electric propulsion system, refined specifically for seamless integration across various types of boats. This growing expertise allows for a broader range of high-performance electric vessels tailored for substantial revenue-generation applications, further aiding fleet deployment alongside meeting production quotas.

About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR) operates as a foremost marine technology firm and an encompassing platform offering premium boating experiences across both electric and internal combustion segments. Their proprietary E-Motion™ electric propulsion systems, coupled with a diverse multi-brand dealership network through Nautical Ventures, allows Vision Marine to provide a complete solution including sales, service, and financing for nautical experiences.

Forward-Looking Statements
This announcement contains forward-looking statements relevant under applicable securities laws. Such statements reflect expectations regarding production commitments, market demands, and strategic positioning. Factors influencing actual results could differ materially. Vision Marine disclaims any obligation to amend such statements unless legally mandated.