New electric pontoon platform

A new partnership will deliver a fully integrated 30-foot electric pontoon platform intended for commercial and leisure use.Massimo Group (NASDAQ: MAMO) (“Massimo”), a manufacturer and distributor of powersports vehicles and pontoon boats,announced [Dec 2, 2024] this collaboration with Vision Marine Technologies Inc (Nasdaq: VMAR) (“Vision Marine”), a pioneer in electric marine propulsion.

As part of Vision Marine’s strategic shift to offer complete electric boats directly to consumers, this partnership is expected to be a key step in rapidly delivering high-quality electric marine products to market. As part of the agreement, Massimo Marine will supply pontoon boats to be equipped with Vision Marine’s E-Motion™ 180E Powertrain System, a complete turnkey electric powertrain solution.

Growing market

The pontoon boat market in the United States is expanding, with sales expected to reach 115,000 units in 2023, up 5% from 2021, suggesting strong demand for flexible and family-friendly watercraft. Vision Marine contributes substantial knowledge to this relationship, having successfully integrated electric propulsion systems into a variety of boat designs. This knowledge assures that the new electric pontoon platform meets the highest levels of performance, efficiency, and reliability for both recreational and commercial applications.

Innovative solution

Alexandre Mongeon, CEO of Vision Marine stated “this product is the result of years of requests from nautical bases and operators who have been asking for a reliable, turn-key electric solution.With this partnership, we aim to bridge the gap efficiently, delivering what the industry has long demanded. By combining our world-record-breaking, third party-tested technology with Massimo Marine’s manufacturing capabilities, we’re creating a solution that we believe is as dependable as it is innovative.”

Massimo Marine’s advanced production facilities in Garland, Texas, is expected to play a pivotal role in delivering these electric pontoons to market efficiently and at scale,” added David Shan, CEO of Massimo Group. “We’re proud to be partnering with Vision Marine’s innovative propulsion solution in bringing truly efficient electric propulsion systems to the commercial and recreational space. This collaboration showcases our shared commitment to innovation and sustainability, providing customers with high-performance electric pontoons through Vision Marine’s factory-direct distribution along with our networks.”

Massimo and Vision Marine believe that by providing a turn-key product through Vision Marine’s direct-to-consumer approach and Massimo Marine’s broad distribution network, this collaboration will significantly increase access to electric boating solutions.

Revolutionising the marine industry

This relationship is more than just a production partnership; Massimo and Vision Marine think it is a step toward revolutionising the marine industry. By responding to the growing need for zero-emission solutions and making subsidies and incentives available at the city, state, and federal levels, this electric pontoon platform may establish itself as a cornerstone of sustainable maritime transportation.

                                                                 Massimo Marine electronic pontoon

Picture Source: Massimo Group