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Webull provides the latest Vision Marine Technologies Inc. (VMAR) stock and general news. This information may help you make smarter investment decisions.
About VMAR
Vision Marine Technologies Inc. is in the business of designing and manufacturing electric outboard powertrain systems and related technology. The Company has developed its fully-electric outboard powertrain system that combines a battery pack, inverter, motor with union assembly between the transmission and the electric motor design and control software. The Company manufactures four models of electric powerboats. For each of its boats, its consumers can customize certain aspects including color, radio and covers and other storage options. The Company sells powerboats to retail customers and operators of rental fleets of powerboats. It conducts its transactions directly to customers through its Website or a network of marinas, distributors and showrooms. The production of its electric powertrain consists of assembling components from third parties, including battery packs, inverters and motors.