E-Motion outboards to go public, Vision to price placing

Vision Marine Technologies, the Canadian firm behind the E-Motion electric outboard, has announced an initial public offering of 2.4 million common shares at US$10 per share to raise US$24m before offering expenses. Based in Montreal, Quebec, Vision Marine Technologies claims the first fully electric outboard powertrain system that combines batteries, inverter, and high-efficiency motor with its proprietary assembly between the transmission and the electric motor and extensive control software that it says increases range and performance.