The electric outboard market has attracted an engineering technology heavy weight with McLaren Engineering partnering with Vision Marine Technologies.
Vision Marine Technologies has announced that it has executed a Manufacture and Supply Agreement (“MSA”) with Linamar Corporation a global leader in manufacturing solutions and world class developer of highly engineered products. Under the terms of the agreement, McLaren Engineering, Linamar’s leading edge technology and product development team for its advanced mobility segment, will manufacture and assemble the company’s E-Motion electric outboard.
They will be responsible for technology through testing, parts, tooling development, and designing the union assembly for mass production of Vision Marine’s disruptive fully electric outboard motor at Linamar’s facility in Canada.
Acquired by Linamar in 2003, McLaren Engineering is the foundation for Linamar’s technical advancements. Linamar has more than 26,000 employees in 60 manufacturing locations throughout the world, and generated revenue totaling $7.4 billion in 2019.
“This agreement with Linamar, via our affiliation with McLaren Engineering, is a seminal event regarding the fully scaled commercialisation of our E-Motion powertrain technology,” said Alexandre Mongeon, co-founder, and CEO of Vision Marine.
“We have proven the diverse capabilities of and demand for our game changing technology, which recently set a new category speed record at the famed Lake of the Ozarks Shootout in August and generated significant industry interest at IBEX in September 2021. We believe our partnership with Linamar/McLaren validates our proprietary powertrain technology, and positions Vision Marine to scale production in order to meet the growing demand from major boating OEMs, which will require our ability to deliver thousands of electric outboards. We are in continuous discussions with numerous manufacturers.”
The electric boat market was valued at $4.6 billion in 2021 and is expected to reach more than $9 billion by 2026, according to Mordor Intelligence.
