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.
