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Why did arc boat raise $70 million?

(Updates with comments from executive on Bloomberg Television in the fourth paragraph.) Arc Boat Co. raised $70 million from investors to move beyond high-end electric boats and expand its operations toward electrifying more of the marine industry.

Who is arc Boat Company?

Recently Viewed Companies Arc Boat Co Arc Boat Company operates as an electrifying boats manufacturing company. The Company designs and manufactures high-performance watersport boats. Arc Boat serves customers in the United States.

How many arc one boats are there?

The boat is also equipped with software — wireless updates are possible — and modern touches like a touchscreen. Lee said the company has produced fewer than 20 Arc One boats, the last of which should be delivered this fall.

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