Vision Marine Technologies has secured US$11.2 million in funding, through the completion of an at-the-market offering.
The electric marine propulsion system manufacturer intends to use the proceeds from the offering for general corporate purposes, including strategic acquisitions aimed at expanding its market presence and enhancing its technological capabilities.
Following the completion of the ATM executions, the total number of common shares issued and outstanding will be 5,522,029, and Vision Marine will have around US$7.1 million of cash available.
In a statement, Vision Marine says the capital infusion positions the company to capitalise on the growing demand for sustainable boating solutions.
By using the funds, the company aims to accelerate its growth and solidify its place in the electric marine propulsion sector.
The successful completion of this ATM offering underscores investor confidence in our vision and strategy.
Alexandre Mongeon
“The successful completion of this ATM offering underscores investor confidence in our vision and strategy,” said Alexandre Mongeon, CEO of Vision Marine.
“We are committed to utilising these resources to drive innovation, pursue strategic acquisitions, and deliver exceptional value to our shareholders and customers.”
The ATM offering was conducted under an ATM sales agreement entered into with Think Equity on October 17, 2024, allowing the company to sell shares at prevailing market prices.
Vision Marine is known for its E-Motion outboard powertrain system, advanced battery technology, high-efficiency motors and proprietary software.
Earlier in 2025 it was announced that the company is to set up a production line to produce custom cooling plates for its high voltage marine battery packs to enhance the thermal management.
