Vision Marine signs exclusive supply deal with Sterk Yachts
Canada-headquartered electric boatbuilder Vision Marine Technologies Inc. has signed a three-year exclusive supply agreement with MS Marine GmbH (Sterk).
Under the agreement, Vision Marine will be the sole provider of electric propulsion systems for Sterk boats, a German-based European boat manufacturer, and will have exclusive global distribution rights for electric-powered Sterk vessels using its propulsion systems.
Vision Marine will integrate its E-Motion 180E electric propulsion system into selected Sterk models. The boats will be assembled in Germany using Vision Marine’s battery packs. Additional models may be added to the collaboration in the future.
Vision Marine says it will work with Sterk to certify boats equipped with the E-Motion 180E system to meet CE, USCG, ABYC and NMMA standards. The company will also provide technical training to Sterk’s workforce to ensure proper integration, rigging and customer support for electric-powered boats.
“This agreement helps cement Vision Marine’s role as a driving force in electric marine propulsion,” says Alexandre Mongeon, co-founder and CEO of Vision Marine Technologies. “By partnering with Sterk, we are facilitating the integration of our E-Motion 180E system into a premium platform, creating a scalable pathway for widespread distribution of electric boats. This collaboration strengthens our European presence and I believe it will pave the way for future expansion.”
“At Sterk, we are always striving to push the boundaries of innovation and performance,” adds Milan Sterk, managing partner of MS Marine. “By working with Vision Marine, we are taking a major step toward integrating high-performance electric propulsion into our boats. I am truly enthusiastic about making Sterk Yachts electric and reducing our ecological footprint, while still delivering the exhilarating experience that defines our super sport boats. This agreement marks the beginning of an exciting journey to provide our customers with cutting-edge, sustainable boating solutions.”
In January, Vision Marine concluded an at-the-market (ATM) offering, raising gross proceeds of approximately US$11.75m and net proceeds of about US$11.2m. The firm plans to use the funds for general corporate purposes, including strategic acquisitions, to expand its market presence and develop its technological capabilities.
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