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Cars are not the only things going electric, boats are next - Vision Marine Technologies CEO

David Lin

Kitco News

Alex Mongeon is the CEO of Vision Marine Technologies (NasdaqCM: VMAR), a company that produces the electric boats and the technology behind electric motors for boats.

Mongeon discusses with David Lin, anchor for Kitco News, the marine industries with the strongest demand for electric boats, adoption by the military, as well as consumer demand during the pandemic.

“[Demand] was actually very good. Since 2014, we were almost doubling our numbers every year. This year, we doubled the size of out production,” Mongeon said.

Strong recreational boating demand during COVID can partly be attributed to families needing activities that are more secluded in nature.

For more information on Vision Marine Technologies and how electric boats differ from traditional petrol boats, watch the video above. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV).

By David Lin

For Kitco News

Contact dlin@kitco.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.