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Electric Speed Boat Maker Expands to Defense With New Funding

Electric boat startup Arc has raised a new $50 million funding round from the likes of Eclipse, Menlo Ventures, a16z, and others as it works to expand from the consumer market into tugboats, ferries, and defense vessels. Arc CEO Mitch Lee joins Caroline Hyde on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology…

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Electric boat startup Arc has raised a new $50 million funding round from the likes of Eclipse, Menlo Ventures, a16z, and others as it works to expand from the consumer market into tugboats, ferries, and defense vessels. Arc CEO Mitch Lee joins Caroline Hyde on “Bloomberg Tech.”
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