The Arc One is an electric boat with a battery pack three times the size of Tesla’s

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Electric boat startup Arc unveiled new images and video of the pre-production version of the Arc One, a 24-foot vessel with a massive battery pack and sleek design. The company has raised $30 million from a group of prominent investors including Will Smith, Kevin Durant and Sean “Diddy” Combs.

The company has already tested an early prototype and the unveiling of the pre-production version is said to signal that the company is getting closer to customer deliveries planned for this summer.

The Arc One’s specifications have changed slightly since the company first came out of the camouflage last year. The boat will still have a top speed of around 40mph and can stay powered for around four hours before needing to be recharged – which the startup says is enough for a day on the water.

But instead of a 200kWh battery that can power an electric motor with at least 475hp, the boat comes with a 220kWh battery that can power a motor with over 500hp. That makes the Arc One’s battery three times the size of a Tesla Model Y, said Arc CEO Mitch Lee.

“It’s a lot,” Lee said in an interview. “It’s actually split into two packs.”

Unlike cars, a heavy battery is not a disadvantage for an electric boat, Lee argued. “Generally, the more a boat weighs, the more stable it is,” he said. “Especially for the watersports market, heavier boats mean you can throw a wake for someone behind to wakeboard.”

Lee said the Arc One will be a limited-edition luxury cruise that will retail for $300,000. The company hopes to follow in Tesla’s footsteps by selling a high-priced, low-volume boat with proceeds used to fund production of a lower-cost model.

“It’s premium and only appeals to a subset of people,” he said. “We want to get into the price range of the Model S, where it’s best in the market.”

That could include other water sports craft like jet skis or even commercial vessels like ferries, Lee said. “That’s absolutely what we have in mind.”

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