Vision Marine Technologies Expands Florida Presence with Nimbus Boats Distribution Deal

Vision Marine Technologies Inc. (NASDAQ: VMAR), a leader in the marine industry's shift towards electric propulsion, has taken a significant step in expanding its footprint in Florida's lucrative boating market. Through its subsidiary, Nautical Ventures, the company has signed a Letter of Intent (LOI) with Nimbus Boats USA, securing exclusive rights to distribute Nimbus powerboats on Florida’s West Coast. This agreement, set 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.

This strategic move is designed to diversify Vision Marine’s product offerings and solidify its presence in Florida, the largest U.S. market for new powerboats, engines, and accessories, which generated $6.4 billion in sales in 2023. The partnership with Nimbus Boats USA is a testament to Vision Marine’s commitment to capturing the growing demand in the adventure-style boat segment. It follows the company's June 2025 acquisition of Nautical Ventures, a deal that created North America’s first electric boat propulsion and multi-brand retail company.

For more details on Vision Marine Technologies Inc. and its innovative approach to marine propulsion, visit https://ibn.fm/VMAR. This partnership not only enhances Vision Marine’s portfolio but also positions the company as a key player in the evolution of recreational boating, blending traditional internal combustion engine boats with next-generation electric propulsion solutions.