Vision Marine Technologies has acquired EB Rental Ltd., an electric boat rental outfit located in Lido Marina Village in Newport Beach, Ca.
Terms of the deal were not disclosed.
Vision Marine co-founder and CEO Alexandre Mongeon said acquiring EBR — which serves about 100,000 passengers annually — gives his company another avenue to showcase the brand’s e-powered craft and its E-Motion 180E outboard and powertrain system, which is set to debut midsummer with Limestone Boats.
“This acquisition...represents Vision Marine’s entry into a very profitable business, which will support our primary goal of becoming the No. 1 manufacturer of electric outboard engines and powertrains globally, while showcasing our full range of industry leading products and technology,” said Mongeon in a statement.
Monegon said the Canadian-based company will continue to seek acquisitions of boat rental companies both in the U.S. and beyond — with a special focus of Southern Florida — to introduce boaters to sustainable e-power.
“The acquisition plays into our strategic mandate of offering eco-friendly electric solutions to consumers as well as OEMs, as we build a global footprint in the race to electrify boating and clean up waterways,” said Mongeon.