Arc (company)

Arc Boat Co. (Arc) is an American electric boat startup based in Los Angeles. It has received multiple rounds of funding totalling more than US$100 million from venture capital firms Andreessen Horowitz and Lowcarbon Capital and investments from Will Smith and Kevin Durant. It has released two fully electric boats since its founding in 2021, the Arc One and the Arc Sport.

Background
Arc was cofounded in 2021 by Mitch Lee, who serves as its chief executive, and Ryan Cook, who serves as its Chief Technology Officer as Arc Boat Co. Cook had previously worked at SpaceX as a lead engineer. In October 2021, the company raised an undisclosed sum in a closed seed from investors including venture capital firm Andreessen Horowitz, Will Smith, Kevin Durant, and Sean Combs. The next month, the company raised an additional US$30 million from both new and returning investors, including Smith, Durant, and Combs.

Products
Arc has released two fully electric boats since its founding in 2021.

Arc One
A 24-foot fully electric boat, the Arc One became available for order in late 2021 at $US300 thousand, with delivery starting during the spring of 2022. Powered by 200kwh battery packs, it was capable of staying on the water for five hours. The Arc One has a 12 person capacity and has 500 horsepower. Its design was considered "elegant" by The Verge's transportation editor Andrew Hawkins.

Arc Sport
Arc's second fully electric boat, the Arc Sport was debuted in February 2024.