Navisyo Group said its Navisyo Homes segment secured a $50 million partnership with Yacht Solutions to distribute Navisyo’s motorized water homes in Ontario.
Toronto-based Yacht Solutions is a dealership providing sales, service and vessel management. Under the agreement, the company commits to placing orders every month and will have exclusive distribution rights for Navisyo’s new electric model launching this year, Navisyo said in a statement.
Also, through Navisyo’s Hero Thank You fund, Yacht Solutions will be able to help police, firefighters, teachers, military and medical professionals purchase water homes in Canada.
"We are joining forces with Yacht Solutions to create a powerful, positive impact in the world, and we plan on doing so at a 360-degree scale as we prepare for the upcoming launch of an autonomous eco-friendly unit that will make our partnership even more fruitful,” said Navisyo co-founder Alexander Michaels, referring to the Navisyo v.08.1 electric model.
Navisyo said the new model will be available by the end of the second quarter.
In the United States, houseboats and liveaboards are subject to a host of local and state regulations.