Showing 1 results for:


by Topic

All results

Will Smith, Kevin Durant, Diddy Enter The Electric Boat Market With Investment In Startup Arc

It’s a business mogul linkup! Will Smith, Kevin Durant and Diddy have joined forces to invest in Arc, an electric boat startup. Arc launched ten months ago and now with the trio of big names tied to it, the early-stage company is hoping to breakthrough the market. The startup is backed by venture capital firm Andreessen Horowitz. Arc also announced that it has garnered funding from Smith’s Dreamers VC, Durant and Rich Kleiman’s Thirty Five Ventures and Diddy’s Combs Enterprises. “Along with being world class in their respective fields, these individuals bring a wealth of experience in building brands, marketing products, and cultivating strong communities. Together, they’ll help Arc execute faster and amplify our impact,” the company wrote in a blog post. The company also said that it envisions a future where all boats are electric (the majority of watercraft run on fossil fuel). With the support of an all-star team, the company seeks to make its mission come to fruition. “All of...

Nov 2, 2021