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EV boat maker Arc debuts a premium wake sport model for $258,000 - TL;DR CNBC

EV boat maker Arc debuts a premium wake sport model for $258,000

Publishing timestamp: 2024-02-21 12:33:03


Summary

Arc Boat Company started taking orders for its second fully electric model, the Arc Sport, designed for wake sports enthusiasts. The company has raised $110 million from investors including NBA's Kevin Durant and Klay Thompson. The new model can carry up to 15 people, has a top speed of 40 miles per hour, and aims to compete with high-end models from traditional boat makers. Arc is part of a group of startups aiming to electrify boating for sports and leisure, with a focus on reducing environmental impact.


Sentiment: POSITIVE

Tickers: TSLAHZORIVNLYFTBC

Keywords: marinemax incclimaterivian automotive incstart-upelectric vehiclestesla inctechnologyboatinglyft incenvironmentbusiness newsbrunswick corp

Source: https://www.cnbc.com/2024/02/21/ev-boat-maker-arc-debuts-a-premium-wake-sport-model-for-258000.html


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