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Vision Marine (NASDAQ: VMAR) Signs LOI for Exclusive Nimbus Boats Distribution on Florida's West Coast
LOS ANGELES, CA - August 15, 2025 (NEWMEDIAWIRE) - Vision Marine Technologies (NASDAQ: VMAR), a leader in premium on-water experiences and owner of Florida-based dealership network Nautical Ventures, announced Nautical Ventures has signed a Letter of...
About this update from Vision Marine Technologies Inc.
[{"type":"text","content":"LOS ANGELES, CA - August 15, 2025 (NEWMEDIAWIRE) - Vision Marine Technologies (NASDAQ: VMAR), a leader in premium on-water experiences and owner of Florida-based dealership network Nautical Ventures, announced Nautical Ventures has signed a Letter of Intent with Nimbus Boats USA to exclusively distribute Nimbus powerboats on Florida's West Coast. The agreement, expected to be finalized by March 31, 2026, would authorize Nautical Ventures to promote, sell and service Nimbus's Tender, Commuter, Weekender and Coupe series beginning August 1, 2025. The move aims to broaden Vision Marine's product portfolio, strengthen its Florida presence and capture demand in the fast-growing adventure-style boat segment. Florida remains the largest U.S. market for new powerboats, engines and accessories, generating $6.4 billion in 2023 sales. The Nimbus deal follows Vision Marine's June 2025 acquisition of Nautical Ventures, creating North America's first electric boat propulsion and multi-brand retail company.","length":1027,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":"Investor Brand Network","className":"","disableSlideshowImg":false,"size":{"original":{"width":1214,"height":469,"url":"https://media.zenfs.com/en/newsmediawire_165/67b1e08accfef70d4d07fef3c95b40e6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/1NtZqWgfTmwSGB.eDhrmbw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM3MTtjZj13ZWJw/https://media.zenfs.com/en/newsmediawire_165/67b1e08accfef70d4d07fef3c95b40e6","width":960,"height":371},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/icda99coOj1UkkAjNRI36A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD05Mjg7Y2Y9d2VicA--/https://media.zenfs.com/en/newsmediawire_165/67b1e08accfef70d4d07fef3c95b40e6","width":1200,"height":464}}},{"type":"text","content":"To view the full press release, visit https://ibn.fm/tztnm","length":58,"tagName":"p"},{"type":"text","content":"About Vision Marine Technologies Inc.","length":37,"tagName":"p"},{"type":"text","content":"Vision Marine Technologies Inc.is a technology company specializing in high-voltage electric propulsion systems for the marine industry. The Company's flagship product, the E-Motion(TM) 180E, is a fully industrialized high-voltage electric outboard system for recreational boating, validated through partnerships with leading ...