Arc is not even a year old and the electric boat startup has attracted investment from top VC firm Andreessen Horowitz, entertainment industry big wigs and now a $30 million raise led by an early Tesla executive who led the automaker’s early manufacturing efforts. The $30 million Series A was led by Greg Reichow, the […]
GM acquires 25% stake in electric boat company Pure Watercraft
General Motors has taken a 25% stake in Seattle-based electric boating company Pure Watercraft. GM’s move reflects a broadening interest in all things EV, including boats and other vehicles, and comes as part of the automaker’s commitment to invest $35 billion in electric and autonomous technology through 2025. Pure Watercraft makes all-electric outboard motor systems, […]
Will Smith, Kevin Durant and Sean ‘Diddy’ Combs invest in electric boat startup Arc
Arc, a startup that launched 10 months ago with ambitions to electrify everything on the water, starting with a limited-edition $300,000 boat, has captured the attention and capital of some of the entertainment industry’s biggest stars. The startup, which closed a seed round in February led by VC firm Andreessen Horowitz, has brought on several […]