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Navier wants to ‘democratize the waterways’ with leisure boats starting at $300K
Haje Jan Kamps

Look, I’ll admit that I had to Google how much a boat costs, but any time someone pitches a story saying they are trying to “democratize” a recreational activity with a product that starts at $300K, I’ve got to admit I’m wondering how much it costs to get a guillotine blade sharpened. My Robespierian misgivings […]

Candela’s hydrofoiling electric boats attract $24M investment in a bid for cleaner seas
Devin Coldewey

Candela makes an unusual style of watercraft called a hydrofoiling boat, which glides above the sea on fins for a smoother, more efficient ride — doubly unusual, in fact, in that it is electrically propelled. The company has raised $24M to accelerate production of its existing small craft and a larger commercial one, in pursuit […]

Arc hooks another $30M in investment as EV interest spills over into electric boats
Kirsten Korosec

Arc is not even a year old and the electric boat startup has attracted investment from top VC firm Andreessen Horowitz, entertainment industry big wigs and now a $30 million raise led by an early Tesla executive who led the automaker’s early manufacturing efforts. The $30 million Series A was led by Greg Reichow, the […]

Flux Marine revs up its electric outboard business with $15M A round
Devin Coldewey

The race is certainly on in the electrification of boating… even if everyone is jockeying for position before the market materializes. Flux Marine is joining the likes of Pure and Zin in trying to convert some of our waterways’ gas-guzzling outboards to cleaner, quieter battery powered ones, and the company just raised $15.5 million ahead […]

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