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Silicon Valley is Backing Electric Boats

October 9, 2023
x min read
Silicon Valley is Backing Electric Boats

Boating is going fully electric.

What’s happening:

  • Electric boat manufacturing startup Arc has raised a new $70M Series B round
  • The round included some of Silicon Valley’s largest investors including a16z, Lowercarbon Capital, Abstract Ventures, Menlo Ventures and more

Why it matters:

  • Recreational boats consume fuel and emit carbon so they represent a big opportunity for electrification
  • The massive adoption of electric vehicles has led many startups to begin pursuing electrifying other popular areas of transportation that are powered by gas

By the numbers:

  • Arc is building a 150,000 square foot manufacturing facility to produce the next iteration of their electric boats
  • Over $100M in venture funding has gone into Arc so far since inception

Going deeper:

  • Arc designs and manufactures everything in their boats including their own battery packs, software and cooling systems

The fine print:

  • Currently you can not purchase an Arc boat as their initial production run of their flagship boat known as Arc One sold out
  • Arc boat’s can currently only be operated in freshwater

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