Vision Marine Technologies, the first electric boating company to be publicly listed (NASDAQ: VMAR), is launching their 180 HP, 180 E-Motion, THE WORLD’S FASTEST electric outboard boat motor.
The 180 E-Motion is a high-powered, technologically advanced electric outboard motor that is zero-emission and can propel boats up to 60mph, a first for electric boating. The outboard motor industry currently at $4.3 Billion is forecast to exceed $17 billion in revenue by 2025!
BENEFITS OF ELECTRIC:
Electric boating has more benefits than just low CO2 emissions.
Vision Marine engines outlast ICE with much lower maintenance and fueling costs. Noise pollution from ICE is harming people and wildlife. If you’ve ever been on a powerboat you know that they are NOISY. The electric engine is silent, giving riders a much more relaxing ride. Maritime pollution is often overlooked compared to air or road traffic but the effects of maritime pollution suggest it is a greater priority, the damage is that disastrous.
THE OPPORTUNITY:
Venice, Amsterdam and local communities around the world are banning internal combustion engine boats.
Commercial applications will see significant growth in the outboard engines market owing to rising coastal tourism across the globe. Development of high-powered motors will further enhanced usage of these motors in tourist boats. Additionally, rising boat renting activities for family tour will escalate the product demand over the projected timeframe of 2025.
The outboard motor is being added to Vision Marine’s suite of 5 styles of motorboats outfitted with all-electric motors and are catching on quickly with celebrities such as Drake and Robert De Niro, both of which use their boats. Vision Marine boats were used by Greta Thunberg to promote green energy on her trip to California.