Los Angeles-headquartered electric boat manufacturing startup Arc has inked a $160 million contract with compatriot marine company Curtin Maritime for eight hybrid-electric ship assist tugboats. As disclosed, the tug octet—part of a privately funded project—is set to be constructed in collaboration with the Snow & Co shipyard. The units, which will reportedly see the “largest commercial … Continue reading US startup pens $160M deal for deployment of hybrid-electric tugboats