Arc Boat raised $50 million to electrify defense vessels.
- Amount
- $50M
- Announced
- 23 March 2026
- Investors
- Eclipse, a16z, Menlo Ventures, Lowercarbon Capital, Necessary Ventures, Offline Ventures
- Use of funds
- Ramp up production of powertrains for electric tugboats and expand into ferries and defense vessels.
- Total raised
- $160M to date
- Checked
- Amount and date checked against the press source