Vivic Corp. (OTC: VIVC)

Vivic Corporation is a global yacht sales and service provider headquartered in Taiwan that focuses on the design, sale, and support of yachts intended for marine tourism, group tours, business meetings, yacht clubs and fractional ownership arrangements. The company offers its own VIVIC brand vessels, which are characterized by open deck and cabin layouts to accommodate multiple users, and acts as the exclusive distributor of Monte Fino yachts in the People’s Republic of China, the Philippines and the Middle East. In addition to selling yachts, Vivic Corporation provides technical support, maintenance services, yacht management solutions, activity planning, business consulting and marketing strategies aimed at improving operational efficiency and profitability for its clients. The firm also engages in collaborative development projects, such as an electric catamaran yacht co development agreement with Acel Power Inc., to expand its product portfolio.

Vivic Corporation generates revenue primarily through the sale of yachts under its VIVIC brand and through the distribution of Monte Fino yachts in its licensed territories. The company also earns income from after sales services, including maintenance, repair and technical support, as well as from yacht management contracts, activity program design and business consulting fees. Its customers comprise yacht marinas, yacht clubs, yacht operators and marine tourism providers who seek vessels suited for group use and complementary operational solutions. Revenue is recognized upon delivery of the yacht or the completion of service contracts, with additional income derived from brand usage fees paid by manufacturing partners.

Within the competitive yacht industry, Vivic Corporation differentiates itself by concentrating on vessels designed for multiple user scenarios rather than traditional private ownership, a niche that serves tour operators, clubs and fractional ownership groups. The company’s competitive advantages stem from its integrated approach that combines yacht sales with comprehensive service packages, technical support and business development assistance, which helps customers increase utilization and profitability. While the filing does not name specific competitors, Vivic Corporation positions itself apart from standard yacht manufacturers by emphasizing open plan designs, energy efficient hulls and tailored marketing support for maritime tourism enterprises.

Vivic Corporation serves yacht marinas, yacht clubs, yacht operators and marine tourism providers that require vessels capable of accommodating groups for tours, events or commercial activities. Through its exclusive distribution agreement, the company also supplies Monte Fino yachts to individual private owners in the People’s Republic of China, the Philippines and the Middle East who seek luxury vessels for personal use. No specific customer names are disclosed in the filing, but the described client base spans commercial operators in the marine tourism sector as well as high net worth individuals purchasing premium yachts.