Vision Marine announces opening of 2nd electric boat rental operation in Portside Ventura

Vision Marine Technologies officially announces opening of second electric boat rental operation in Portside Ventura, California © Vision Marine Technologies

Vision Marine Technologies Inc. (NASDAQ: VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreational boating industry, is proud to announce the opening of its second electric boat rental operation in Portside Ventura, California. The operations will be located at 1196 Portside Drive Ventura and is planned to open on April 1st, 2023.

The new rental operations will serve multiple purposes, including testing, validating, and training for west coast boat manufacturers. Specifically, the operations will be used to provide evaluation and training on Vision Marine's fully electric E-Motion™ 180E propulsion system and outboard technology.

Located on the Central Coast of Southern California in Ventura County, Portside Ventura is a thriving community with a vibrant economy and affluent demographics with a population of over 100,000 residents. The city attracts more than 1 million tourists each year, generating over $1 billion in annual tourism revenue, according to data from Ventura County Coast. This makes it an ideal location for Vision Marine's boat rental operation, which is available for both tourists and local residents to enjoy and experience electric boating in the Portside Ventura Harbor.

"We are excited to bring our electric boating operations to Portside Ventura. Our electric boats are not only an environmentally friendly alternative to traditional gasoline-powered boats but will create a unique experience for the residents and the general public," stated Alex Mongeon, co- Founder & CEO of Vision Marine.

This marks Vision Marines' second electric boat rental operation on the west coast of the United States. Vision Marine's first location opened in 2017 in Lido Marina Village in Newport Beach, California, was recently awarded the 2021 Travelers' Choice Award by Trip Advisor and has been a great success with over 44,525 bookings to date.

In addition to the new rental operations in Portside Ventura, Vision Marine will be expanding into a third location in Dania Beach, Florida, called Waves at Dania Beach, pending completion of ongoing construction.

For more information on Vision Marine Technologies and its electric boat rental centers, please visit visionmarinetechnologies.com.