News Summary

Arc, a Los Angeles-based startup founded by former SpaceX engineers, showcased its latest innovation, the Arc Sport electric boat, at CES 2025 on Lake Mead. Arc’s journey began in 2021 with funding from Andreessen Horowitz and Lowercarbon Capital, leading to a $30 million Series A. By early 2023, Arc had shipped its first Arc One boats and raised an additional $70 million to develop the $258,000 Arc Sport. The Arc Sport, known for its stability and quiet operation, features advanced software and design, making it a premium choice for watersports enthusiasts. The startup’s rapid development is attributed to lessons learned from the Arc One, which served as a prototype for refining manufacturing processes. Arc’s founder and CEO, Mitch Lee, aims to transition all watercraft to electric, with potential future expansions into government and defense sectors.