Vivic Corp. Announces Contract with ACEL Power Inc. for Three Electric Yachts
On January 29, 2025, Vivic Corp. (OTCQB: VIVC), a company focused on providing global access to luxury yachts, revealed that it had entered into a binding order contract with ACEL Power Inc. (“ACEL”).
Terms of the Contract
Under the terms of the contract, Vivic Corp. will deliver three electric yachts to ACEL Power Inc. The total contract value is estimated to be approximately US$2.2 million. The payment for this deal will be made in installments as the Company reaches certain milestones.
Impact on Vivic Corp.
This contract marks a significant step forward for Vivic Corp. as they continue their mission to become a leading global provider of luxury yachts. The electric yachts, which are becoming increasingly popular in the market due to their eco-friendly nature, will add to the Company’s growing fleet. This deal not only boosts Vivic Corp.’s revenue but also strengthens their reputation as a forward-thinking organization that caters to the evolving needs of the luxury yacht industry.
Impact on the World
The growing demand for electric yachts is a clear indication of the world’s shift towards sustainable and eco-friendly alternatives. Companies like Vivic Corp., which focus on providing these alternatives, are contributing to the reduction of carbon emissions from the luxury yacht industry. As more businesses adopt this approach, the industry as a whole is expected to become more sustainable and environmentally conscious.
Conclusion
Vivic Corp.’s contract with ACEL Power Inc. is a testament to the Company’s commitment to providing luxury yachts that cater to the evolving needs of the market. This deal not only benefits Vivic Corp. but also has a positive impact on the world by contributing to the reduction of carbon emissions from the luxury yacht industry. As the world continues to shift towards sustainable alternatives, companies like Vivic Corp. will play a crucial role in shaping the future of the luxury yacht industry.
- Vivic Corp. enters into a contract with ACEL Power Inc. for three electric yachts.
- Total contract value is approximately US$2.2 million.
- Payment will be made in installments upon the fulfillment of certain milestones.
- This deal marks a significant step forward for Vivic Corp. in their mission to become a leading global provider of luxury yachts.
- Electric yachts are becoming increasingly popular in the market due to their eco-friendly nature.
- The growing demand for electric yachts contributes to the reduction of carbon emissions from the luxury yacht industry.
- Vivic Corp. and other companies focusing on sustainable alternatives will shape the future of the luxury yacht industry.
