Arc Boat Company Raises $50 Million to Expand Electric Propulsion Into Defense and Commercial Sectors

Los Angeles startup Arc Boat Company secured $50 million in Series C funding to expand its electric propulsion systems into commercial and defense markets. The investment from Eclipse and Andreessen Horowitz supports a strategy to electrify the maritime industry beyond recreational sport boats. Founder Mitch Lee aims to leverage this capital to accelerate autonomous vessel development and industrial adoption.