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Arc Lands $30 Million for Its $300,000 Electric Boat

The next wave of electric vehicles won’t be on roads.

The Arc One electric boat

Source: Arc Boat Co.

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An all-new, $300,000 electric vehicle is about to drop … in the water. 

Arc Boat Co., a Los Angeles startup trying to do for watercraft what Tesla did for sedans, is announcing another $30 million in investment this morning, capital that will help finance its first production run of about  25 vessels, a model dubbed the Arc One. The long-term goal for the nearly year-old company: put battery-powered electric motors in pretty much everything that floats.