Arc (company)
| Company type | Private |
|---|---|
| Industry | Electric watercraft manufacturing |
| Founded | 2021 |
| Founder | Mitch Lee, Ryan Cook |
| Headquarters | Los Angeles , United States |
Area served | United States (and commercial maritime sector) |
Key people | Mitch Lee (CEO), Ryan Cook (CTO) |
| Products | Arc One, Arc Sport, Arc Coast, commercial electric workboats |
Arc Boat Company (commonly known as Arc) is a U.S.-based manufacturer of high-performance electric watercraft, headquartered in Los Angeles, California. Established in 2021, Arc has successfully secured more than $100 million in investment from notable backers such as Andreessen Horowitz, Eclipse Ventures, Menlo Ventures, alongside prominent figures like Will Smith and Kevin Durant. The company’s product lineup includes the upscale electric cruiser Arc One, the wake sports-focused Arc Sport, the versatile center console Arc Coast, and electric vessels designed for commercial operations.
Background
Founded in 2021 by Mitch Lee (CEO) and Ryan Cook (CTO), Arc leverages Cook’s background as a former lead engineer at SpaceX to integrate aerospace-grade technology into electric boating. The firm initially raised $4.25 million through seed funding, followed by a celebrity-supported financing round featuring Will Smith and Kevin Durant. In November 2021, Arc completed a $30 million Series A round led by Eclipse Ventures aimed at developing the Arc One. By July 2023, a $70 million Series B round—spearheaded by Menlo Ventures and joined by returning investors including Eclipse, Andreessen Horowitz, Lowercarbon Capital, and Abstract Ventures—enabled expansion into new markets and product categories.
Arc One
Launched in late 2021, the Arc One is a 24-foot luxury electric boat retailing at $300,000. It is equipped with a 220 kWh battery system that provides over five hours of operation, delivers 500 horsepower, and accommodates up to 12 passengers. The boat’s streamlined aluminum hull is engineered for both robustness and high performance. Customer deliveries commenced in spring 2022. The design and cutting-edge technology of the Arc One have garnered extensive media recognition.
Arc Sport
Released in February 2024, the Arc Sport is a 23-foot electric wake boat tailored for water sports enthusiasts. It boasts a 226 kWh battery pack paired with a 500 horsepower motor that delivers immediate torque surpassing that of top-tier gasoline-powered wake boats. With seating capacity for 15 individuals, it features customizable ballast tanks to optimize wake formation, an automatically retractable hardtop tower, bow and stern thrusters for enhanced maneuverability, and supports over-the-air software upgrades to improve performance. Its operational range spans between four to six hours during active towing use.
Arc Coast
Unveiled in May 2025, the Arc Coast is a flexible 24-foot all-electric center console vessel powered by a 226 kWh battery coupled with a 400 horsepower engine capable of reaching speeds up to 50 mph. Designed to hold up to ten passengers, it incorporates an updated helm that consolidates navigation, diagnostics, and entertainment controls. The open deck layout includes a full-beam swim platform and an ample sunpad area, making it well-suited for both fishing excursions and social gatherings. Delivery is anticipated in 2026 with pricing starting at $168,000.
Commercial workboats and infrastructure
In 2025, Arc expanded into the commercial maritime sector through a $160 million collaboration with Curtin Maritime to construct eight hybrid-electric ship-assist tugboats for deployment at the Ports of Los Angeles and Long Beach by 2027. These vessels feature 4,000 horsepower engines powered by 6 megawatt-hour battery systems, marking the largest commercial-scale implementation of electric workboats within the marine industry to date.
Additionally, Arc partnered with Portland-based Diversified Marine Inc. to convert a 26-foot tugboat with a dual-motor electric drivetrain producing 600 horsepower for operations at the Port of Los Angeles. Engineered for short-duration tasks demanding high torque, this electric tug aims to lower emissions and operational expenses. Through vertical integration of both hardware and software components, Arc facilitates efficient scalability of this technology across commercial maritime applications.
To support its growing fleet of electric vessels, in June 2025 Arc announced plans to deploy charging infrastructure at the Port of Los Angeles within a dedicated 35-acre research campus managed by nonprofit AltaSea. This facility will focus on research and development, on-water testing, and deployment initiatives for electric workboats.
Awards and recognition
In 2024, Arc earned a spot on Fast Company's list of Next Big Things in Tech, recognizing its pioneering advancements in sustainable transportation through the development of high-performance electric watercraft. The company has made significant contributions to revolutionizing the boating sector by integrating state-of-the-art electric technology with environmentally conscious design.