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