Vivic independently designs, develops, and sells the VIVIC series of operational yachts targeting yacht clubs and water cultural tourism operators, and manufactures all-electric and traditional power yachts through its own and subcontracted factories. In January 2025, the company entered into a binding order contract with ACEL Power Inc. to supply three electric yachts valued at approximately US$2.2 million.
Cyborg Score Rationale
Vivic is a micro-cap OTC stock trading at $0.055 with an enterprise value of approximately $3.82 million (as of June 2026). The company shows emerging revenue from yacht sales ($4.4M in H1 2024) but lacks scale and profitability clarity. Recent contracts demonstrate demand but execution risk remains elevated for a 14-person operation.
Top Insights
(January 2025) Secured binding order contract with ACEL Power Inc. for three electric yachts valued at ~$2.2M, demonstrating B2B traction and positioning for electric propulsion market
(June 2024) Reported revenue exceeding $4.4 million in H1 2024 after pivoting to luxury yacht sales focus in 2023, marking transition from earlier diversified boat business
Electric yacht innovation strategy with proprietary VIVIC-E electric propulsion systems targeting environmentally-conscious operators and restricted water areas
(14 employees) Ultra-lean operational footprint; scalability dependent on successful execution of manufacturing and distribution partnerships
Named Competitors
Azimut Yachts — Global ultra-luxury yacht manufacturer and distributor
Sunseeker — Premium British luxury yacht manufacturer
Ferretti Group — Luxury motor yacht and sailing yacht manufacturer
Monte Fino Yachts — Exclusive luxury yacht brand (45-150 ft) with North American distribution via VIVC
Recent Developments
(January 2025) Binding order from ACEL Power Inc. for three electric yachts valued at $2.2 million with Q3 2025 delivery expected
(June 2024) H1 2024 revenue of $4.4+ million following strategic pivot to luxury yacht sales in 2023
(2023) Shifted business focus exclusively to luxury yacht distribution and marine services after operating in multiple boat industry segments
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