Market Adoption & Demand Risk: Electric boating is a nascent market, and widespread adoption may be slower than anticipated, impacting sales and revenue: The widespread adoption of electric marine propulsion systems is still developing, and demand for Vision Marine Technologies' products may not materialize as quickly or to the extent projected, posing a risk to revenue growth and profitability.

Competition & Technological Innovation Risk: The marine propulsion market is competitive, and the company faces risks from existing internal combustion engine manufacturers and new electric competitors developing superior or lower-cost technologies: Vision Marine operates in a rapidly evolving and competitive industry, facing challenges from established players and new entrants who may introduce more advanced, efficient, or cost-effective electric marine propulsion solutions.

Supply Chain & Manufacturing Risk: Reliance on third-party suppliers for key components, especially batteries, exposes the company to supply disruptions, price volatility, and quality control issues: The company is dependent on a limited number of suppliers for critical components, particularly battery cells and other electronic parts, making it vulnerable to supply chain disruptions, material shortages, price increases, or quality control issues from these third parties.