ALTERNATIVELY powered ships have caused waves in the cruise industry over the past few years, and an electric boat startup has recently attracted some celebrity interest. Actor Will Smith, basketball player Kevin Durant and rapper Sean Combs have all invested in Arc, which has been attracting venture capital since Feb....
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ALTERNATIVELY powered ships have caused waves in the cruise industry over the past few years, and an electric boat startup has recently attracted some celebrity interest.
Actor Will Smith, basketball player Kevin Durant and rapper Sean Combs have all invested in Arc, which has been attracting venture capital since Feb.
With employees made up mostly of former SpaceX staffers, the company is working with an alpha prototype dubbed Arc One, which produces 475 horsepower and can run between three to five hours on a single charge.
Despite having been in business for only 10 months, Arc is expecting to produce up to 25 of the boats.
The latest round of funding from celebrity investors will be used to scale production and develop more of its aluminium electric boats, which compete with gas-powered models.
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