arc-one
(2)
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.
Arc
Arc is a Los Angeles electric boat company building battery-powered watercraft from the ground up - software, motors, battery packs and hulls - rather than retrofitting gas boats. Founded in 2021 by veterans of SpaceX, Rivian and Tesla, Arc started with the high-end Arc One, found its commercial footing with the Arc Sport electric wake boat and the Arc Coast center console, and is now extending its propulsion stack into commercial and defense vessels including electric and hybrid tugboats. The pitch: quiet, fume-free, low-maintenance boats with the torque and software experience of an EV.