Ex-SpaceX engineers in race to build first commercial electric speedboat
by Rupert Neate Wealth correspondent from on (#5MVAX)
LA-based Arc Boat company announces $4.25m seed fund to start work on 475-horsepower craft
A team of former SpaceX rocket engineers have joined the race to build the first commercial electric speedboat.
The Arc Boat company announced it had raised $4.25m (3m) in seed funding to start work on a 24ft 475-horsepower craft that will cost about $300,000.
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