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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.
UK eVTOL company secured $800M conditional funding in Mar 2026 and completed piloted hover-to-forward-flight transition with VX4; pre-orders from American Airlines and Virgin Atlantic; targeting Type Certificate and commercial service by 2028.
Vertical Aerospace is a UK-based eVTOL company developing the VX4 electric air taxi, which completed its piloted transition flight — the technically critical maneuver of transitioning from hovering to forward winged flight — in 2026. This milestone validates the core propulsion architecture and is the hardest technical gate for tiltrotor eVTOL designs. The $800 million conditional funding agreement secured in March 2026, if closed, would be the largest single fundraise in UK aerospace history.
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