Arc Boats is a technology company.
Arc Boats has raised $100.0M across 2 funding rounds.
Arc Boats has raised $100.0M in total across 2 funding rounds.
Arc Boats has raised $100.0M in total across 2 funding rounds.
Arc Boats's investors include Aegon Asset Management, Eclipse Ventures, Fifty Years, Lowercarbon Capital, Menlo Ventures, Sequoia Capital, Abstract Ventures, Kevin Hartz, Addition, Afore Capital, AME Cloud Ventures, C2 Investment.
Arc Boats is a Los Angeles-based technology company revolutionizing the boating industry with high-performance, all-electric watercraft. Founded in 2021, it builds fully electric boats like the luxury Arc One cruiser, the 23-foot Arc Sport wake boat (sold out for summer), the 24-foot Arc Coast center console, and commercial electric workboats such as a retrofitted tug for the Port of Los Angeles.[1][2][3] These vessels serve recreational users (up to 15 passengers for watersports, fishing, and socializing) and commercial operators, solving key pain points of traditional gas boats: excessive noise, fumes, high maintenance, winterization needs, and emissions through quiet, software-powered electric propulsion with instant torque, over-the-air updates, and dockside charging via existing marina infrastructure.[2][3][5] Backed by over $100 million from investors like Andreessen Horowitz, Menlo Ventures, and celebrities including Will Smith and Kevin Durant, Arc has achieved rapid growth, delivering its first boat in under two years and expanding into commercial applications.[1][4]
Arc Boats was co-founded in 2021 by Mitch Lee (CEO) and Ryan Cook (CTO), both bringing aerospace expertise—Cook as a former SpaceX lead engineer—to tackle electric boating challenges.[1][5] The idea emerged from recognizing boats' unique demands: sustaining high power against water resistance, unlike cars, while leveraging existing marina charging and adapting EV tech like batteries and motors.[2][5][6] Early traction came fast: a $4.25 million seed round, a $30 million Series A by November 2021, celebrity funding, and the Arc One luxury cruiser unveiled in 2022 as a "Roadster moment"—upgraded with more power, put on sale in July 2022, and delivered to its first customer by March 2023, just two years from concept.[1][4] Pivotal moments include the 2024 Arc Sport launch (flagship wake boat, sold out immediately) and 2025 commercial push with a $160 million tugboat partnership.[2][3][4]
Arc stands out by applying a Tesla-like playbook to boating: full vertical integration of hardware (custom batteries, motors, thermal systems) and software for superior performance and ownership experience.
Arc rides the electrification wave in marine transport, where boats lag cars and planes in emissions reduction despite high potential—water's resistance favors electric torque, and marinas already support charging.[2][5][6] Timing aligns with advanced EV batteries enabling sustained high speeds on traditional hulls, plus regulatory pushes for zero-emission ports amid global decarbonization.[1][3] Market tailwinds include falling battery costs, commercial demand (e.g., Port of LA tug reducing ops costs/emissions), and consumer shift to sustainable recreation—Arc's sold-out Sport proves demand.[2][4] By verticalizing like SpaceX/Tesla, Arc influences the ecosystem: accelerating EV adoption in a $50B+ industry, partnering with shipyards, and proving software can modernize a craftsmanship-heavy sector.[1][5]
Arc's momentum—sold-out flagships, commercial expansion, $160M tug deals—positions it to dominate electric boating as batteries improve range and costs drop further.[2][4] Next: scaling Arc Coast production, growing tug fleets for ports worldwide, and potentially more models blending rec/commercial uses amid rising climate regs and marina EV infrastructure.[3] Trends like AI-optimized hulls and autonomous features could amplify its edge, evolving Arc from niche innovator to marine EV leader—electrifying watercraft as promised from day one.[1][2]
Arc Boats has raised $100.0M across 2 funding rounds. Most recently, it raised $70.0M Series B in September 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2023 | $70.0M Series B | Aegon Asset Management, Eclipse Ventures, Fifty Years, Lowercarbon Capital, Menlo Ventures, Sequoia Capital | |
| Nov 1, 2021 | $30.0M Series A | Abstract Ventures, Kevin Hartz, Addition, Afore Capital, AME Cloud Ventures, C2 Investment, Champion Hill Labs, Conversion Capital, Eclipse Ventures, Fifty Years, Gradient Ventures, Greylock, Hardware Club, Lowercarbon Capital, NEO, Not Boring Capital, Paradigm, Saga, Sequoia Capital, Seven Seven Six, SV Angel, Thirty Five Ventures, Todd and Rahul's Angel Fund, Ameet Patel, Balaji Srinivasan, Charlie Songhurst, Colin Carrier, David Petersen, Eric Wu, Guy Podjarny, John Collison, John Hennessy, Julia Hartz, Kelvin Beachum Jr., Max Mullen, Sam Altman |