Arc has built the first models of its much-anticipated Arc Sport 500hp electric wake boat, and we got a chance to take it for a quick demo in Long Beach, CA and holy heck, this thing rips.
Arc is a very new company – it was founded in 2021 in Los Angeles, and is targeting the luxury boat market with high-powered electric boats. Its cofounders, Mitch Lee and Ryan Cook, are engineers who met while working at Boeing.
The company has since grown to over 100 employees, and the company boasts that many are former SpaceX, Tesla, and Rivian workers (like, well, every other electric startup).
But it seems to have something to it, because Arc has been able to raise over $100 million in funding so far – not a bad chunk of change to get things started.
The Arc Sport, announced in February, is not Arc’s first boat. It previously released the Arc One, a limited-edition, $300,000 speedboat, of which only 20 units were made.
But the Sport is a wake boat, a more specialized type of boat, and it’s a downright steal compared to that model, starting at the low-low price of $258,000. Pocket change, really (although, an early tricked-out “Founder’s Fleet” model with all the options and extras included will cost $322k).
This is by no means cheap, but is relatively competitive with the higher-end wake boats from companies like Nautique or Malibu (Nautique has its own electric wake boat, which starts at $312k).
Wake boats have been growing in popularity lately, both for standard boating activities and for wakeboarding/wakesurfing. Wake boats need high power along with specialized control surfaces and ballast control to help make a large, surfable wake behind the boat.
They also include a tower to attach a tow rope to, so wakeboarders can get up onto the board. The Arc Sport has an adjustable tower which raises and lowers, to offer a higher angle to help pull riders up out of the water, or lower clearance in case that’s needed for navigating around a marina.
Electric drive has a lot of benefits for this application – many of which are familiar from the world of automotive. For one, when wakeboarding behind the Arc Sport, you aren’t constantly choking down fumes and getting loopy from exhaust mere feet from your face in an otherwise beautiful natural lake environment. Which is quite a plus.
The weight penalty of the Sport’s massive 226kWh battery isn’t that significant, either. Wake boats typically benefit from having a lot of mass at the stern of the boat – and will intentionally take on water as ballast to ensure that the rear is as low as possible in order to throw a larger wave. So a chunky battery, sited low in the stern, is fit-to-purpose anyway.
And, like in electric cars, an electric motor has high torque at zero rpm, which means it has… A LOT OF GET-UP-AND-GO.
Arc used a low (2,000) rpm semi truck motor with direct drive (no gearbox) to reduce noise and friction and ensure high torque, which means we literally fell right out of our damn seat the first time they punched it. Arc says it has twice the torque of competing boats, and it sure felt like that.
An electric motor is also easier to put where you want it, so there doesn’t need to be a big, loud, hot, vibrating mass in the middle of the boat (where engines often go), making it easier to use that space for socializing or moving around inside the boat. The motor in this case is pretty centrally located, under the floor of the boat.
The boat is quite quiet at low speeds and some light vibration can be felt through the floor, but it’s a lot less than you’d get from a fossil machine. Though between the noise of splashing water, buffeting wind and 500 horsepower, things get a bit noisier when getting up to the electronically-limited top speed of 40 knots.
I’ve spent a fair amount of time around boats myself, growing up alongside a harbor and in a boating family. Not much of that time has been spent piloting anything impressive, but I’ve been at the helm of a few boats here and there. As for electric boats, all I had piloted before now were Duffys and the like – low-speed cruisers, nothing like this.
After getting a quick demo ride from Arc, it was time for me to grab the helm and go for a spin. I did a few figure-8s, making wake for myself to cut through, and felt that extreme acceleration on my own (which was… easier to stay seated during when I was actually prepared for it).
And once I started, I really didn’t want to stop (but then again, that’s often the case for a day of boating, isn’t it?). The boat handled great in the flat water we had it in – and the choppier water once I laid down some wake to blast through.
The captain’s seat was a little tight on legroom, but this is adjustable and Arc is looking to increase the amount of adjustability on the production version. And the throttle was pretty twitchy, which is bound to happen with so much power, but Arc was thinking about smoothing out the mapping of the throttle lever, which I think would be a good idea. Luckily, Arc has complete control over the boat’s software, so tweaks like this are possible and there could even be user-selectable drive modes.
This is another way that Arc distinguishes itself: through a sleek modern interface updatable over-the-air. Some boats have the ability to update maps over the air, but Arc says it’s the first to be able to provide Tesla-like updates to software that’s deeply integrated into the boat.
The UI we saw wasn’t finalized, but what we saw worked well and had various aspects of customizability, like simple controls to adjust the wake, and the pitch of the boat in the water, or to look through one of the boat’s three cameras. One neat aspect was a small red bar on the pilot’s display showing when your steering is centered, which is something that’s easy to lose track of in a boat.
We didn’t get to test out any connectivity/app features, but remote management of charging, checking the cameras on the boat, and so on, seem like natural features that will come down the pipe.
As for the practical parts, the Arc sport is 23 feet long with comfortable seating for 15 (though make sure you’re holding onto something when the pilot punches it), lots of cupholders (Arc told us the final version might even have more), good room for storage under the seats and rear deck (another benefit of electric drive, more storage space where the motor would go), and board storage on top of the adjustable tower.
It also has a set of side thrusters on the bow and stern which help with precision maneuvering, which can be a great help while docking, particularly for less-experienced pilots.
And maintenance should be easier too. Boats are famously a nuisance to keep in good running order, given that they sit parked in a corrosive substance full of strange plants and animals for literally all of their lives. That’s no different here, but at least you won’t have to worry about fuel going bad or winterizing the boat.
Most docks have 240V service for shore power, and Arc’s boats can just stay plugged in (while 7-10kW service means 20-30 hours for a “full charge” of the 226kWh battery, it’s rare that you’ll have a boat out more than ~4 hours in a day anyway). And it’s a lot cheaper to fuel than paying marina rates for gasoline. The Sport is also capable of 225kW CCS DC charging, for the few marinas that have installed DC fast chargers (there’s one in Tahoe).
That brings us to the “range” question, which is a different set of calculus for boats. Arc says the massive battery is good for 4-5 hours of use, though that depends highly on what you’re doing. If you’re just cruising around at low speed, that time will be extended tremendously. If you’re doing constant start-stops or running at high speeds, you’ll use a lot more energy (water is thicker than air after all – there’s a much bigger speed penalty to efficiency on water).
Arc said it took the boat out to Catalina Island, which is 26 miles across the sea from the California coastline. On the way out, they kept it conservative, and used about 10% of the battery. Then they camped overnight and bombed back to the mainland the next day at high speed, and ended up with about 35% left by the time they got back. So that higher-speed trip used ~5x as much energy as the low-speed one did (there may have been differences in wind/waves as well). And 50+ miles on the ocean, with range to spare, is quite a day or two of boating.
But for the most part, these machines will be used on lakes or in calm waters anyway, so it should be more than enough for a great day out.
And in a nice lake environment, the underlying benefit of an electric boat becomes exceptionally clear. These are sensitive and contained environments, so adding anything foreign to them can really screw up the ecosystem. The less nonsense we can bring into lakes, in the form of fumes and oil and what-have-you, the better.
The quiet and lack of exhaust really enhance the experience of boating, but unfortunately Arc doesn’t have a solution to one problem: everyone else. While boating around we still occasionally had to smell the stench from some passing boat, and the water surface near the docks was still oily due to the activity of other boats.
And that’s going to end up changing – some marinas and lakes are already giving out separate electric-boat registrations, and charging significant extra money for launching gas-powered boats due to the environmental damage they cause, which electric boats don’t have to pay. Local pushes to clean up lakes are quite strong – the preponderance of “Keep Tahoe Blue” bumper stickers throughout California suggest that as more options become available, restrictions on dirtier options may well increase.
So lets keep our eye on the prize here – not only is the Arc Sport a pricey-yet-capable toy, it’s also the vanguard of an industry that’s about to change for the better. Our whole Earth is heating up and getting dirtier with every gallon of dino-juice we bleed from this precious planet of ours, so why not keep some of it deep underground where it belongs instead of on the surface of our lakes and marinas.
Arc is kicking off its nationwide demo tour today, which you can sign up for here. They’re still not the full production boats, but they’re close. Arc has started taking orders (you can reserve one for $500) and plans to deliver boats “this year” (with the Founder’s Fleet all being delivered by next summer), with an eventual goal of producing “hundreds” per year.
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Global renewable developer and energy giant RWE has halted its US offshore wind operations “for the time being” because of the “political environment” the Trump administration has created.
RWE, Germany’s biggest electricity producer, said in March that it had dialed back its US offshore wind activities. But now, CEO Marcus Krebber said in a speech transcript, which he’ll deliver at the company’s Annual General Meeting in Essen on April 30, that its US offshore wind business is now closed (but it wasn’t all bad news):
In the US, where we have stopped our offshore activities for the time being, our business in onshore wind, solar energy, and battery storage has so far been developing very dynamically. At the start of this year, we reached an important milestone when our US generation capacity hit the 10 gigawatt mark. The construction of a further 4 gigawatts is secured.
He went on to say that renewables have created regional value and jobs, but that the company remains “cautious given the political developments.” RWE has introduced more stringent requirements for future US investments:
All necessary federal permits must be in place. Tax credits must be safe harbored and all relevant tariff risks mitigated. In addition, onshore wind and solar projects must have secured offtake at the time of the investment decision. Only if these conditions are met will further investments be possible, given the political environment.
About half of RWE’s installed renewable capacity is in the US, where it’s the third-largest renewable energy company through its subsidiary, RWE Clean Energy. RWE holds the rights to develop US offshore wind projects in New York, Louisiana, and California.
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RWE paid $1.1 billion for the New York lease area in 2022, where it’s meant to develop the 3 gigawatt (GW) Community Offshore Wind with the UK’s National Grid. Community Offshore Wind was projected to come online in the early 2030s and expected to power more than a million homes.
The developer paid $5.6 billion for the Louisiana lease in the Gulf of Mexico in 2023 as the lone bidder for development rights, and the Canopy Offshore Wind project off Northern California was not expected to be completed for another decade.
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WASHINGTON – President Donald Trump and his allies have raked in nearly $900,000 in trading fees over the past two days from the president’s $TRUMP cryptocurrency token, according to Chainalysis, a blockchain data company.
The surge came after a Wednesday announcement in which the top 220 holders of the token were promised dinner with the president.
“Have Dinner in Washington, D.C. With President Trump,” reads a message on the front page of the Trump coin’s website. The event, which is black tie optional and hosted at the president’s private club in the Washington area, is scheduled for May 22, with a reception for the top 25 holders. A “VIP White House Tour” will take place the following day, the site says. The website also hosts an active leaderboard displaying the usernames of top buyers.
The $TRUMP memecoin jumped more than 50% on the dinner news, boosting its total market value to $2.7 billion. It was met with fierce criticism from some of Trump’s political opponents who said the move was further evidence that the president was using crypto to enrich himself. Sen. Chris Murphy, D-Conn., a prominent Trump critic, wrote on X that the sale was “the most brazenly corrupt thing a President has ever done. Not close.”
Roughly 80% of the $TRUMP token supply is controlled by the Trump Organization and affiliates, according to the project’s website. Since its launch in January, trading activity has generated about $324.5 million in trading fees for insiders, Chainalysis found. These fees are generated through the token’s built-in mechanism that routes a percentage of each trade to wallets controlled by the project — wallets that, according to the website, are linked to the coin’s creators.
Memecoins, often referred to as meme tokens, are a subset of digital assets that use blockchain technology and derive their value largely from internet culture, memes and social media hype rather than from an underlying utility or asset. The originators of memecoins can make fees when their coins are bought and sold.
They have grown in popularity in recent years as speculative assets, with some coins including dogecoin and fartcoin amassing total market values in excess of $1 billion.
Most of the $TRUMP supply remains locked under a three-year vesting plan, with coins gradually becoming available over time. Lockups like these are meant to protect investors by preventing insiders from cashing out all at once — a scheme commonly known in the crypto world as a “rug pull.” Vesting schedules aim to give retail buyers confidence that early holders won’t overwhelm the market and tank the token’s value.
Still, the dinner contest is being viewed by critics as an unusually explicit attempt to monetize presidential access.
As CNBC reported Friday, Democratic Sens. Adam Schiff of California and Elizabeth Warren of Massachusetts are urging the U.S. Office of Government Ethics to investigate whether the promotion constitutes “pay to play” corruption.
The White House did not respond to a request for comment. The company behind the memecoin also did not respond to a request for comment.
Delaney Marsco, the director of ethics at the Campaign Legal Center, a nonprofit focused on campaign finance and government accountability, told NBC News the coin and dinner contest amounted to an unprecedented ethics breach — though it is unlikely to be illegal.
“Criminal conflicts of interest statutes don’t apply to the President,” she said. “That has allowed him to go against decades of of norms that every modern president since Carter has adhered to, which is to divest your financial interests, rid yourself of your businesses, and kind of go in to the presidency with a clean financial slate so that no one could accuse you of manipulating policy decisions or using your position in order to enrich yourself.”
“The fact that he is not barred by the law from having these financial interests like this meme coin allows him to engage in a lot of seemingly corrupt activity. It has the appearance of a pay to play, so the President is apparently selling access to himself,” Marsco added.
Molly White, an independent crypto researcher, told NBC News that the leaderboard only shows top $TRUMP holders — and then only by their chosen screen name, making it difficult to identify who is paying to potentially join the dinner.
Schiff and Warren have cited public reports showing that some $TRUMP investors have ties to foreign exchanges or received funds from crypto platforms banned in the U.S., including Binance.
White also noted that at least one top $TRUMP owner has an account on Binance, a cryptocurrency company that doesn’t allow American users.
Trump was elected with significant help from the cryptocurrency industry, which poured tens of millions of dollars into the 2024 election, outpacing corporate donations from traditional sectors like banking and oil. After opposing digital assets during his first term, Trump pivoted in 2024 to campaign as a champion of cryptocurrency, casting Democrats as hostile to innovation and as advocating for tighter regulation.
The $TRUMP token itself offers no product or service, according to the project’s website. It is part of a broader push by the Trump family into digital assets, despite the market’s volatility and regulatory risks.
In addition to the $TRUMP and $MELANIA meme coins, the family is backing World Liberty Financial, a decentralized finance venture that has raised $550 million across two token sales since last October. Buyers are barred from reselling their tokens and receive no share of profits — but a Trump-affiliated entity is entitled to 75% of net revenue, including token sale proceeds.
Together, these projects have created new streams of revenue for Trump and his inner circle at a time when regulatory oversight of cryptocurrency has weakened sharply under his administration.
It’s that time of year again, time for events across the country to show off electric vehicles at Drive Electric Earth Month.
Drive Electric Earth Month is an offshoot of Drive Electric Week, a long-running annual tradition hosting meetups mostly in the US, but also occasionally in other countries. It started as Drive Electric Earth Day, but since not every event can happen on the same day, they went ahead and extended it to encompass “Earth Month” events that happen across the month of April. It’s all organized by Plug In America, the Sierra Club, the Electric Vehicle Association, EV Hybrid Noire, and Drive Electric USA.
Events consist of general Earth Day-style community celebrations, EV Ride & Drives where you can test drive several EVs in one place, and opportunities to talk to EV owners and ask them questions about what it’s like to live with an EV, away from the pressure of a dealership.
But the bulk of the events happened on the weekends surrounding Earth Day, April 22, so there were several last weekend and will be even more this upcoming weekend.
There are plenty of events in the big cities where you’d expect, but Plug In America wanted to highlight a few of the events in smaller places around the country. Here’s a sampling of upcoming events:
Big Island EV – Cruise and Picnic in Waimea, HI on April 26, 10am-1pm – EV drivers will congregate in various places around the Big Island (Kona, Waimea, Waikoloa and Hilo), then drive up Saddle Road to the Gil Kahele Recreation Area on Mauna Kea for a potluck and a chance to talk about the experience of owning EVs on the Big Island.
Santa Barbara Earth Day 2025 and Green Car Show in Santa Barbara, CA on April 26-27, 11am-8pm – This is part of Santa Barbara’s Earth Day celebration, which routinely attracts 30,000 participants and is one of the longest-running Earth Day celebrations on the planet. The Green Car Show includes ride & drives and an “Owners Corner” where owners can showcase their EVs and attendees can check them out and ask questions.
Earth Day’25 – EV’s role in a sustainable future in Queretaro City, Mexico on April 26, 9am-4pm – The sole Mexican event, this is a combined in-person/online seminar at the Querétaro Institute of Technology.
Norman Earth Day Festival in Norman, OK on April 27, 12-5pm – Another municipal Earth Day festival, with hands-on activities for kids to learn about the environment. A portion of the parking lot reserved for an EV car show for EV owners who pre-register to show off their vehicles.
Oregon Electric Vehicle Association Test Drive & Information Expo in Portland, OR on April 27, 10am-4pm – This one is at Daimler Truck’s North American HQ, and will have several EVs for test drives, owner displays (including DIY gas-to-EV conversions), and keynote presentations by EV experts. They’ll even have a 1914 Detroit Electric EV available for test rides!
And, we at Electrek want to give a shoutout to Rove’s EV Drive Days in Santa Ana 10am-3pm April 28 – ROVE is the company behind the “full-service” EV charging concept that we’ve talked about several times here on Electrek, and we like what they’re doing for EV charging. They’ve hosted a few community events, and this is their contribution to Earth Month.
Each event has a different assortment of activities (e.g. test drives won’t be available at every event, generally just the larger ones attended by local dealerships), so be sure to check the events page to see what the plan is for your local event.
These events have offered a great way to connect with owners and see the newest electric vehicle tech, and even get a chance to do test rides and drives in person. Attendees got to hear unfiltered information from actual owners about the benefits and trials of owning EVs, allowing for longer and more genuine (and often more knowledgeable) conversations than one might normally encounter at a dealership.
And if you’re an owner – you can show off your car and answer those questions for interested onlookers.
To view all the events and see what’s happening in your area, you can check out the list of events or the events map. You can also sign up to volunteer at your local events, and if you plan to show off your electric car, you can RSVP on each event page and list the vehicle that you plan to show (or see what other vehicles have already registered).
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