November 24 - 10:11
Electric boat startup Arc raises $30m
Arc, an electric boat startup that is less than a year old, has raised $30m. The Series A round was led by former Tesla VP Greg Reichow, a partner at Eclipse Ventures. Arc aims to sell a small number of Arc One, its first electric boat, at $300,000, before making more affordable boats. It will last around four hours when fully charged. Celebrities such as Will Smith and Sean Combs are investors.
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