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Vision Marine Technologies partners with JetRide to leverage growing electric boat rental market

by Vision Marine Technologies 21 Jun 08:51 PDT
Vision Marine Technologies Inc © Vision Marine Technologies

Vision Marine Technologies, Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"),a pioneer in electric marine propulsion, is thrilled to announce its partnership with JetRide Holding, LLC, a Florida members-only boat club. This strategic alliance marks Vision Marine's expansion in the burgeoning electric boat rental market, leveraging JetRide's extensive network of over 17 boat club locations across Florida.

We believe the electric boat market is experiencing rapid growth, driven by increasing awareness and demand among both seasoned boaters and newcomers. Similar to the rise of electric cars, we believe that electric boats are becoming essential in the boating world, offering innovative solutions and unique experiences. Electric boating not only attracts existing boaters but also encourages non-boaters to explore and enjoy the pleasures of boating for the first time. Renters will have the opportunity to experience Vision Marine's E-Motion™ Electric Powertrain firsthand, along with a variety of other electric products, all supported by years of expertise in electric boating.

"We are constantly looking to provide our members with the best and most advanced boating experiences and are proud of our reputation for embracing cutting-edge technologies and innovation," said Travis Zielasko, CEO at JetRide. "Partnering with Vision Marine allows us to reflect consumer demand for more sustainable boat practices while setting new standards for excellence and responsibility across the boating industry."

"Rental Operations are the perfect platform to promote and showcase our innovative products and serves as the best marketing platform for future boat buyers' education" said Alex Mongeon, CEO of Vision Marine." This partnership is a significant step towards promoting sustainable and thrilling boating experiences."

This joint venture offers a unique experience for JetRide members, combining their premier rental services with Vision Marine's expertise. The partnership will be showcased at various locations - starting in Palm Beach County, Florida, which we believe ideal for highlighting our new generation electric bowriders, pontoons, and center consoles powered by E-Motion™ powertrain technology, along with smaller propulsion solutions.

The partnership with JetRide is part of Vision Marine's strategy to expand its footprint on the East Coast of the United States. This follows the partnership with BlueWater Rental in Palm Beach Florida in December 2023, providing innovative and durable electric solutions for emission-free boating to an increasing number of boaters.

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