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Arc Boat Company (Arc) is an American electric boat company based in Los Angeles, California, specializing in high-performance, all-electric watercraft.Since its founding in 2021, Arc has raised over $100 million in funding from notable investors, including Andreessen Horowitz, Eclipse Ventures, Menlo Ventures, and celebrities like Will Smith and Kevin Durant.
His brand boAt was titled the World's Top 5 Wearable Brand in 2020 and 2021. [24] In 2021, he was named one of the Economic Times 40 Under 40. [22] He won the Lokmat Most Stylish Entrepreneur of the Year in 2021. [25] [26] In 2024, he won the National Creator Award for Celebrity Creator. [27] [28]
The company was founded in 1899 by Isaac Rice as the Electric Boat Company to build John Philip Holland's submersible ship designs, which were developed at Lewis Nixon's Crescent Shipyard in Elizabeth, New Jersey.
Holland Torpedo Boat Company was founded by John Philip Holland (1841 – 1914 [1]) in 1893.Holland was an Irish engineer-inventor, who designed and built the first practical submarine.
In 1961 the company merged with the Brunswick Corporation. The company introduced the MerCruiser stern-drive line at the 1961 Chicago Boat Show. The line would later take over 80 percent of the world market. [4] For 1962, the Merc 1000 became the new top of the line in line 6, offering 100 hp. It was somewhat of a sensation.
The company's original brand, Malibu Boats, remains the company's premium brand. [14] In the early 1990s, Malibu adopted the practice of offering to fly purchasers of certain high-end custom boats to their factory headquarters, then located in Merced, "for a red carpet factory tour where they can see the special edition being built right before their eyes". [20]
In 1977, Uniflite acquired boat molds from Pacemaker Boat Co. Pacemaker Boat company was founded in 1949 by Charles Platt (C.P.) Leek in New Jersey from his company C.P. Leek & Sons, Inc. [3] who also later established Egg Harbor boat company. [4] It was at this time that Uniflite started a second Uniflite plant in Swansboro, North Carolina.
The company expanded its model lineup year after year. Today, the company builds express cruiser and flybridge style yachts, and has recently introduced new models that fit into the new sport coupe class of express boat. [3] The company currently employs approximately 1,000 people, with an annual sales figure exceeding $94 million. [4]