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Will Smith-backed Arc launches mass-market electric sport boat for $258,000

Los Angeles-based startup Arc on Tuesday launched a new mass-market electric sport boat, months after the company backed by basketball player Kevin Durant and Hollywood star Will Smith raised $70 million in early-stage funding. Called Arc Sport, it is priced at $258,000 and comes about two years after the company, which declined to give its valuation, launched a $300,000 premium speedboat, Arc One. Arc Sport is 23-feet long and can accommodate 15 persons.
United States Bryan Cook Will Smith Akash Sriram Elon Musk Shweta Agarwal
Source: yahoo.com

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EV boat startup Arc wades into watersports with $70M in fresh funding

Arc is making a splash with investors as it wraps up deliveries of its limited edition $300,000 electric boat and eyes its next target: watersports. The Los Angeles-based electric boat startup, which designed, built and has now delivered a limited edition run of the Arc One, recently raised $70 million in a Series B round from a bevy of returning investors, including Eclipse, Andreessen Horowitz, Lowercarbon Capital and Abstract Ventures. New investor Menlo Ventures — specifically long-...
United States Image Credits Marc One Pure Watercraft Electric Boat Menlo Ventures
Source: yahoo.com

Arc takes its electric boat on tour: Here's what a ride feels like (and sounds like)

KIRKLAND, Wash. — Lake Washington in August may be known for its gas-fueled, ear-splitting thunderboats, but this week it also played host to an electric-powered lightning boat that was much easier on the ears. “One thing you’ll note is that we’re able to have a conversation,” pilot Miriam Morris said as she revved up the Arc One electric boat past 40 mph. “This would not be possible on a fast boat.” Arc brought the 24-foot luxury cruiser up to Ki...
United States Salt Lake City Miriam Morris Ted Herringshaw Lake Washington Marc One
Source: yahoo.com

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