‘Tesla’ of the Seas Set to Electrify Luxury Boats [Video]

A boat company is setting out to become the “Tesla” of the seas by selling high-tech electric sports boats.

Startup Arc Boats is set to release a $258,000 Arc Sport boat, following its $300,000 luxury cruiser Arc One.

Boat owners are becoming interested in electric boats because they are quieter, more reliable, and cheaper than gas alternatives, Arc Boats said.

CEO Mitch Lee began his mission to electrify boating in 2021 when he started Arc Boats with his friend Ryan Cook, using money he earned from selling a personal finance app called Penny.

Electrifying boats had been in the back of Lee’s mind since Tesla rolled out its first car in 2008 and he started to wonder if the technology would eventually …