Mitch Lee

Mitch Lee is the co-founder and CEO of Arc, the Los Angeles marine-technology company trying to make everything that floats electric. A Bay Area kid raised on the California Delta, he trained as a mechanical engineer at Northwestern, analyzed Apache helicopter rotor blades at Boeing, then spent years in software - founding Penny, which was acquired by Credit Karma - before reuniting with his old Boeing and Northwestern classmate Ryan Cook, a former SpaceX lead engineer, to build electric boats in 2021. Arc has raised more than $150 million, ships its Arc Sport wake boat and Arc Coast center console from a 150,000-square-foot LA factory, and in 2026 pushed into commercial and defense propulsion with a $50M Series C and a $160M tugboat contract for the Port of Los Angeles.