エドガーで原本を確認する
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2025
Commission File No. 001-39730
VISION MARINE TECHNOLOGIES INC.
(Translation of registrant’s name into English)
730 Boulevard du Curé-Boivin
Boisbriand, Québec, J7G 2A7, Canada
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ¨
General
The information contained in this Report on Form 6-K (excluding the exhibit) is hereby incorporated by reference into our Registration Statement on Form F-3 (File No. 333-267893) and Registration Statement on Form S-8 (File No. 333-264089).
On June 18, 2025, Vision Marine Technologies Inc. (the “Company”) announced its E-Motion™ 180E systems became eligible under California’s “Clean Off-Road Equipment” program for up to $170,000 in per-unit government vouchers. A copy of the press release entitled, “Vision Marine Technologies’ 180E Electric Powertrain Approved under California’s CORE Voucher Program, Incentivizes Adoption of Electric Boat Propulsion” is furnished as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K and incorporated by reference herein.
Exhibit Index
No.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| VISION MARINE TECHNOLOGIES INC. | ||
| Date: June 23, 2025 | By: | /s/ Raffi Sossoyan |
| Name: | Raffi Sossoyan | |
| Title: | Chief Financial Officer | |
Exhibit 99.1
Vision Marine Technologies’ 180E Electric Powertrain Approved under California’s CORE Voucher Program, Incentivizes Adoption of Electric Boat Propulsion
E-Motion™ 180E systems now eligible for up to $170,000 in per-unit government vouchers—driving electrification of commercial fleets in California.
Key Highlights
| · | Vision Marine’s E-Motion™ 180E propulsion kits approved under California’s Clean Off-Road Equipment (“CORE”) program. |
| · | Up to $170,000 per vessel in state-funded vouchers available for qualifying fleet operators. |
| · | Applies to both new electric boat builds and retrofit conversions using Vision Marine’s certified installers. |
| · | California market includes approximately 4,400 commercially operated vessels across sectors such as ferries, harbor patrol, tour boats, rentals, and service craft. |
| · | Approval appears to align with broader industry momentum toward electrification, expected to strengthen Vision Marine’s market position. |
Montreal, QC / June 18, 2025 / Vision Marine Technologies Inc. (NASDAQ: VMAR) (the “Company”, “we”, “it” “us”, “our”), a developer of high-performance electric marine propulsion systems, announced today that its flagship E-Motion™ 180E powertrain has been approved for inclusion in California’s CORE Voucher Incentive Project.
The voucher approval grants Vision Marine’s propulsion kits eligibility for point-of-sale vouchers of up to $170,000 per unit, substantially reducing the cost of adopting electric propulsion for organizations modernizing their electric fleets.
“This represents a major milestone for Vision Marine, which is expected to significantly enhance our market position and accelerate our ability to drive widespread adoption of electric propulsion technology,” said Alexandre Mongeon, CEO of Vision Marine Technologies.
California: A Strategic Market for Marine Electrification
California operates one of the largest and most dynamic commercially operated marine sectors in North America1. With approximately 4,400 vessels in use across ferry services, water taxis, harbor patrol, tour operations, and rental businesses, the state presents a significant opportunity for electrification1. We believe many of these segments are actively seeking clean alternatives to gas and diesel propulsion due to emissions regulations and increasing demand for quieter, lower-maintenance vessels.
1Source: Marine Technology News
Vision Marine’s E-Motion™ 180E system—now listed under CORE—offers a compliant, high-performance solution for operators upgrading existing boats or commissioning new electric vessels.
Market Impact and Sales Potential
With this approval, Vision Marine can now offer its E-Motion™ 180E propulsion kits to eligible buyers with substantial financial support from the CORE program. Both new electric vessels and repower conversions are supported when completed by certified Vision Marine technicians and installers.
Vision Marine stands to benefit from increased demand across a wide range of commercial use cases. We believe the Company’s commercial readiness, field-tested product, and established presence in California position it well to respond to immediate regional fleet electrification needs.
This milestone also comes as the global marine industry increasingly shifts toward clean propulsion.2 We believe the combination of policy-driven funding and organic market demand will create a powerful tailwind for Vision Marine Technologies.
“California has long been a bellwether for clean technology adoption,” added Mongeon. “Our CORE approval enhances our visibility and competitiveness in this key market, while reinforcing our ability to scale as electrification expands across North America.”
2 https://www.futuremarketinsights.com/reports/electric-boats-market
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR) is a pioneer in electric marine propulsion, dedicated to delivering high-performance, sustainable solutions for the recreational boating industry. Its flagship E-Motion™ 180E system delivers 180 HP of continuous power through a fully integrated, scalable electric powertrain platform. Built for reliability and commercial-grade use, Vision Marine’s solutions serve OEMs, fleet operators, government agencies, and rental services across North America.
For more information, visit: www.visionmarinetechnologies.com
About the CORE Program
The Clean Off-Road Equipment (CORE) Voucher Incentive Project is administered by the California Air Resources Board (CARB) and funded by the state’s Cap-and-Trade program. CORE provides point-of-sale vouchers that help reduce the upfront cost of zero-emission off-road equipment, including marine technologies. The program is designed to accelerate the adoption of cleaner equipment and support California’s climate and air quality goals.
To learn more, visit: www.californiacore.org
Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements.” These statements include, but are not limited to, expectations regarding the benefits of the new patent, its impact on future product development and original equipment manufacturer integrations, and Vision Marine’s competitive position. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect results are discussed in the Company’s filings with the Securities and Exchange Commission. Vision Marine undertakes no obligation to update any forward-looking statements except as required by law.. Actual results may differ materially from those expressed or implied. For a detailed discussion of these risks, refer to Vision Marine’s Annual Report on Form 20-F for the year ended August 31, 2024, and other periodic filings with the SEC. Vision Marine does not undertake any obligation to update or revise forward-looking statements other than as required by law.
Investor and Company Contact:
Bruce
Nurse
(303) 919-2913
bn@v-mti.com
Website: visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies