Vision Marine Technologies Reports 167% Year-Over-Year Trip Growth in Ventura and 84% Revenue Growth as West Coast Expansion Advances

Core Insights - Vision Marine Technologies reported a significant year-over-year trip growth of 167% at its Portside Ventura location, increasing from 640 trips in 2024 to 1,708 trips in 2025 [1] - The company also experienced an 84% increase in net rental revenue year-over-year, indicating strong demand from both local residents and non-local visitors [1] Group 1: Growth Metrics - Trip volume increased from 640 trips in 2024 to 1,708 trips in 2025, representing approximately 167% year-over-year growth [1] - Net rental revenue increased approximately 84% year-over-year, reflecting accelerating utilization and diversification across booking platforms [1] Group 2: Expansion and Strategy - Vision Marine executed an expansion lease to increase available slip capacity at Portside Ventura, aimed at enhancing peak-season availability and supporting larger group bookings [1] - The rental operations serve as a strategic engagement funnel, introducing consumers to electric boating systems and potentially increasing future ownership interest [1] Group 3: Operational Insights - Vision Marine has completed over 70,000 electric boat rentals to date, showcasing meaningful on-water deployment experience and operational scalability [1] - Ventura is managed as a repeatable coastal activation framework, combining technology deployment, consumer engagement, and scalable fleet operations [1]