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Raised $50M Series C (Mar 2026) from a16z, Eclipse, Menlo. Secured $160M tugboat contract with Curtin Maritime for Port of LA. Pivoting to commercial and defense.
Arc Boat Company began as a premium consumer electric boat manufacturer but pivoted in 2026 to commercial and defense marine electrification — a dramatically larger addressable market. The company raised $50 million in Series C financing in March 2026 from Andreessen Horowitz, Eclipse Ventures, and Menlo Ventures, and simultaneously secured a $160 million contract with Curtin Maritime for eight hybrid-electric tugboats to be deployed at the Port of Los Angeles.
Raised $150M debt (Jan 2026). $1.2B total funding backed by Embraer. Completed first full-scale eVTOL flight Dec 2025. 300 test flights planned in 2026.
Eve Air Mobility is an eVTOL (electric vertical takeoff and landing) company backed by Embraer, the Brazilian aerospace manufacturer, giving it supply chain, manufacturing, and certification expertise that pure-software eVTOL startups lack. The company secured $150 million in debt financing in January 2026 from Itaú, Citibank, and Mitsubishi UFJ, bringing total funding to $1.2 billion and confirming a runway through 2028.
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