Vision Marine Technologies (NASDAQ:VMAR) disclosed significant growth within its direct-to-consumer rental division on Monday, reporting that its Portside Ventura, California operations saw a 167% year-over-year increase in excursion volume.
Total trips at the site jumped from 640 in 2024 to 1,708 in 2025, driving an 84% increase in net rental revenue.
The Ventura location serves as a critical strategic pillar for the Montreal-based company, acting as a "structured deployment channel" within its vertically integrated platform.
By offering hourly rentals of its Fantail 217 and Volt 180 models, Vision Marine introduces consumers to high-voltage electric propulsion in a low-barrier environment, ultimately funneling users toward long-term ownership through its Nautical Ventures retail network.
To meet the accelerating demand from both local residents and Southern California tourists, Vision Marine recently executed a lease expansion at Portside Ventura to increase dock and slip capacity.
This additional infrastructure is expected to be fully operational by Q3 2026, allowing for incremental fleet additions and larger group bookings during peak summer months.
The expansion comes as Vision Marine aggressively defends its technological lead in the marine EV space.