Vision Marine Technologies Inc. (NASDAQ: VMAR), a trailblazer in high-voltage electric marine propulsion and a multi-brand boat retailer with an extensive dealership network across Florida, today announced a significant expansion of its commercial activities in the global tender market—a dynamic, high-turnover segment where the Company now holds a leading position.
Following its June 2025 acquisition of Nautical Ventures Group, honored as Boating Industry’s Top 100 Dealer of the Year in 2024, Vision Marine has emerged as one of the largest U.S. distributors of Highfield Boats, the world’s leading manufacturer of rigid inflatable tenders, with approximately 54,000 units delivered globally since 2011. Vision Marine now commands a significant share of Highfield’s North American sales.
From 2022 to 2024, Nautical Ventures Group sold over 600 tenders through its Florida dealership network, generating more than $14 million in revenue. In 2023 alone, the group sold over 200 units, contributing more than $4 million in tender-related sales. These robust pre-acquisition results underpin Vision Marine’s current tender strategy, leveraging the performance of its seven high-volume dealerships strategically located across Florida, the heart of U.S. recreational boating.
Vision Marine has also established a dedicated retail and service facility at 1440 South Federal Highway in Fort Lauderdale, exclusively focused on tenders and inflatables. This strategic location supports an expanded showroom and includes a marina for service, aftermarket support, and seamless integration of both gas-powered and electric tenders, driving faster inventory turnover and operational efficiency in this high-growth category.
“The tender has evolved beyond a yacht accessory into a standalone product category that drives volume, visibility, and direct consumer engagement,” said Alexandre Mongeon, CEO of Vision Marine. “This segment connects us with a new generation of boaters and fleet operators, many of whom are transitioning from internal combustion engines to electric propulsion. Tenders are both commercially strategic and transformative for our business model.”
The global inflatable boat market is projected to grow from $2 billion in 2023 to $4 billion by 2030, with a compound annual growth rate (CAGR) of 7%. Interest in electric propulsion is rising across the marine industry, particularly in the tender segment, where size, use cases, and consumer preferences align with electrified solutions. Vision Marine is well-positioned to capitalize on this trend, combining its proprietary high-voltage electric technology with an expanding retail footprint and integration expertise.
To boost inventory turnover and optimize retail performance, Nautical Ventures recently launched a limited-time tender promotion across all its locations. This initiative aims to accelerate sales of key models, increase showroom traffic, and ensure year-round sell-through, reflecting Vision Marine’s focus on retail efficiency and high-frequency customer engagement.
Tenders now serve a broad range of applications, from compact inflatables and luxury yacht support vessels to robust standalone boats for diving, waterfront commuting, and light commercial use. Vision Marine supports both internal combustion and electric configurations, including integration with its proprietary E-Motion™ 180E high-voltage electric powertrain. With full-service integration and delivery through its dealership network, the Company is uniquely equipped to meet the growing demand for reliable, high-performance tenders.
Vision Marine’s scale and full vertical integration—encompassing propulsion innovation, OEM collaboration, direct retail, and post-sale service—enable an unmatched consumer experience and operational control. This model is particularly evident in the tender segment, where the Company aims to grow market share and customer retention through a blend of high-volume sales and premium support. The focus on tenders, especially electrification, is designed to deliver long-term shareholder value through volume growth, margin expansion, and recurring revenue potential.
As the market shifts toward electric solutions, Vision Marine is leveraging its proprietary propulsion technology, dealership assets, and integration expertise to build a durable, scalable marine platform. More details on Nautical Ventures’ promotion can be found at: https://www.nauticalventures.com/.
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR) specializes in high-voltage electric propulsion systems for the marine industry. Its flagship E-Motion™ 180E, a fully industrialized high-voltage electric outboard system, has been validated through partnerships with leading industry players. With the acquisition of Nautical Ventures Group, Vision Marine has expanded its sales and service network on the U.S. East Coast. Through Nautical Ventures’ multi-brand retail operations, the Company offers both traditional internal combustion engine (ICE) boats and next-generation electric propulsion solutions, meeting the evolving needs of recreational boaters. For more information, visit https://investors.visionmarinetechnologies.com/.
Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include Vision Marine’s plans for commercial deployment, expansion of sales and service capabilities, and market adoption of its electric propulsion systems. These statements are subject to risks and uncertainties, including the Company’s ability to execute its growth strategy, integrate new operations, and drive market adoption. Actual results may differ materially from those projected. Vision Marine undertakes no obligation to update forward-looking statements, except as required by law.
Investor and Company Contact
Bruce Nurse
Investor Relations
(303) 919-2913
bn@v-mti.com