VEEE News & Events

Twin Vee PowerCats announced the addition of Nautical Ventures Group, a subsidiary of Vision Marine Technologies, as its exclusive authorized dealer in Broward County, Florida.

Vision Marine Technologies (VMAR) announced that its subsidiary, Nautical Ventures Group, has entered into a strategic dealership agreement with Twin Vee PowerCats (VEEE), securing exclusive distribution rights for Broward County, Florida. The agreement grants Nautical Ventures sole rights to sell and distribute Twin Vee products within a defined territory reserved for its dealership network. Initial inventory deliveries are anticipated within the coming weeks. In connection with this agreement, Vision Marine and Nautical Ventures are collaborating with Twin Vee on the development of two custom "Adventure Edition" models, designed specifically for distribution through Nautical Ventures' network.

Twin Vee PowerCats announced that customer deliveries will soon begin for the Bahama Boats line under Twin Vee's ownership. This milestone marks the successful integration of the Bahama Boats brand into Twin Vee's expanded manufacturing platform and the start of a broader commercial rollout to the global sportfishing and high-performance boating market. "Our focus from day one has been to honor Bahama Boats' legacy while positioning the brand for its next chapter of growth," said Joseph Visconti, CEO and President of Twin Vee PowerCats. "The boats now coming off our production line reflect what Bahama Boats is known for: seaworthiness, craftsmanship, and performance, while benefiting from Twin Vee's expanded manufacturing resources, engineering capabilities, and distribution reach."

The company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes. ThinkEquity acted as sole book running manager for the offering.