Actor and rapper Will Smith, NBA star Kevin Durant and rapper P. Diddy have invested in Arc Boat Co, which builds electric leisure boats.
American stars have financially supported Arc Boat Co, a company founded this year by former SpaceX engineers.
Arc Boat Co plans to launch a 475 horsepower fully electric leisure boat. Its cost is about PLN 300,000. dollars. The Arc Boat Co announcement states that the company has already secured over USD 30 million for operations, and it was possible, among others, by thanks to an all-star roster of “strategic investors”. With this money, the company plans to release a limited edition of the Arc One boat.
Futuristic Arc Boat boats are to be able to reach speeds up to five times higher than the current standard for this type of electric boat. The announced limited series of Arc One is to have over 50% more energy storage capacity than the competition, as well as 50% more power.
The company was founded by Mitch Lee and Ryan Cook, engineers previously working for SpaceX. Arc Boat Co also announced that Greg Reichow, previously working for Tesla, is also on the board.
Will Smith, Kevin Durant, and Sean “P. Diddy ”Combs invested in Arc Boat Co through their companies Dreamers VC owned by Smith, Thirty Five Ventures Durant and Combs Enterprises owned by Sean Combs also known as P. Diddy, Diddy and Puff Daddy.