Vision Marine Technologies Expands Florida Presence with Exclusive Nimbus Boats Distribution Deal

Vision Marine Technologies Inc. (NASDAQ: VMAR), a leader in the marine technology sector, has taken a significant step towards expanding its footprint in Florida's booming powerboat market. The company's subsidiary, Nautical Ventures, has signed a Letter of Intent (LOI) with Nimbus Boats USA, securing exclusive distribution rights for 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 aimed at diversifying Vision Marine's product portfolio and strengthening its presence in Florida, which remains the largest U.S. market for new powerboats, engines, and accessories, with sales reaching $6.4 billion 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. Following its acquisition of Nautical Ventures in June 2025, Vision Marine has positioned itself as North America's first electric boat propulsion and multi-brand retail company, offering both traditional internal combustion engine boats and next-generation electric propulsion solutions.

The deal underscores the importance of Florida's West Coast as a key market for luxury and recreational boating. With the exclusive distribution rights, Vision Marine is set to enhance its offerings and cater to the evolving needs of recreational boaters in the region. For more details on Vision Marine Technologies and its innovative solutions, visit https://ibn.fm/VMAR.