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Arc targets commercial marine financing amid electric boat market expansion

US boat registrations fell 18% YoY in February

Johnnie Martinez II

Electric boat manufacturer Arc Boat is expanding into commercial marine, creating new opportunities for asset-based financing as electric boat adoption increases.  The Los Angeles-based startup is developing electric propulsion systems it expects to replace combustion engines across marine applications, Chief Executive Mitch Lee told Auto Finance News.  “We believe that every vessel in the future will be electrically powered.” — Mitch Lee, chief executive, Arc […]

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