Vision Marine Technologies (NASDAQ: VMAR) has partnered with battery supplier Octillion Power Systems to develop a custom high-voltage 35 kW battery pack exclusively for use in the recreational boating market.
Octillion will manufacture a new battery system to power Vision’s E-Motion outboard powertrain, which features a 180 hp motor. The configuration of the battery pack is smaller than that of a typical fuel tank, which makes it easy to custom-fit in virtually any boat. The new battery systems will be designed to fit in high-performance powerboats and pontoons ranging from 18 to 30 feet, with narrow hulls and compartments.
Vision Marine says its EV system is the only one certified by the US and Canadian Coast Guards. It also meets the American Boating and Yacht Council safety standards and the European Union’s imported manufactured standards.
Octillion has been supplying EV battery systems since 2009, and has delivered nearly 400,000 systems for the global market.
“There is currently a two-year delivery backlog of performance batteries in the boating industry,” said Alexandre Mongeon, co-founder and CEO of Vision Marine. “The Octillion agreement will allow Vision Marine to continue to scale production and secure the quantities of high-density electric battery systems required in conjunction with the commencement of sales of our E-Motion outboard powertrains.”
“Collaborating with Octillion will allow us to expeditiously deliver fully electric motors equipped with state-of-the-art energy storage systems and further secure our supply chain,” said Xavier Montagne, COO of Vision Marine.
Source: Vision Marine Technologies