JOURNAL ARTICLE

Electric Speed Boat Maker Expands to Defense With New Funding.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Woody, Todd 3 of 3

Abstract

The article focuses on Los Angeles-based Arc Boat Company’s recent $50 million funding round to support its expansion into commercial and defense electric vessels. Founded in 2021 by veterans from Rivian, SpaceX, and Tesla, Arc has raised a total of $160 million and develops its own battery packs, powertrains, and software systems. The company is advancing projects including an autonomous surface vessel for a defense contractor and hybrid-electric tugboats in partnership with Curtin Maritime. Arc aims to accelerate the electrification of maritime transportation, citing high costs associated with internal combustion engines as a key driver for industry adoption. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/03, pN.PAG
  • Document Type:Article
  • Subject Area:Social Sciences and Humanities
  • Publication Date:2026
  • Accession Number:192419442
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