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Electric speed boat maker expands to defense with new funding

Bloomberg News

Los Angeles-based electric powerboat maker Arc Boat Company has raised $50 million to finance its expansion into commercial and defense vessels. Arc has raised a total of $160 million since it was founded by veterans of Rivian Automotive Holdings Inc., SpaceX and Tesla Inc. in 2021. Investors in the latest round included Eclipse Ventures, a16z, Menlo Ventures, […]

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