FAQ: Vision Marine Technologies Inc. and Nimbus Boats Distribution Agreement

What is the main topic of the announcement?

The announcement is about Vision Marine Technologies Inc. signing a Letter of Intent with Nimbus Boats USA for exclusive distribution rights of Nimbus powerboats on Florida’s West Coast.

Why is this agreement significant?

This agreement is significant because it aims to broaden Vision Marine’s product portfolio, strengthen its Florida presence, and capture demand in the fast-growing adventure-style boat segment.

How will this agreement work?

Nautical Ventures, a subsidiary of Vision Marine, will be authorized to promote, sell, and service Nimbus’s Tender, Commuter, Weekender, and Coupe series starting August 1, 2025, under the agreement expected to be finalized by March 31, 2026.

Who is involved in this agreement?

Vision Marine Technologies Inc., through its subsidiary Nautical Ventures, and Nimbus Boats USA are the parties involved in this agreement.

When does this agreement take effect?

The agreement is expected to be finalized by March 31, 2026, with Nautical Ventures beginning to promote, sell, and service Nimbus boats starting August 1, 2025.

Where is this distribution agreement applicable?

The exclusive distribution rights are applicable on Florida’s West Coast.

What are the implications of this agreement?

The agreement allows Vision Marine to expand its product offerings and strengthen its market presence in Florida, the largest U.S. market for new powerboats, engines, and accessories.

How does this compare to Vision Marine’s previous acquisitions?

This agreement follows Vision Marine’s June 2025 acquisition of Nautical Ventures, creating North America’s first electric boat propulsion and multi-brand retail company, further expanding its sales and service network.

What should potential customers know about this agreement?

Potential customers should know that starting August 1, 2025, they will have access to Nimbus’s Tender, Commuter, Weekender, and Coupe series through Nautical Ventures on Florida’s West Coast.

Who can I contact for more information about this agreement?

For more information, you can visit Vision Marine Technologies Inc.’s newsroom at https://ibn.fm/VMAR or the full press release at https://ibn.fm/tztnm.