American startup Arc Boat from SpaceX has unveiled its electric boat.

The new electric boat, called Arc One, is the company’s first project, which it expects to bring to a commercial stage by the end of this year.

It will be 7 meters long and equipped with an 800-volt 200 kWh battery powering a 475-horsepower electric motor. with. It is claimed that the boat will be able to move through the water at speeds up to 70 km/h.

The vessel is made of aluminum, which allowed to reduce the weight of the structure, and the battery is planned to be made a structural element of the electric vehicle. The estimated cost of the boat will be $ 300 thousand.

Arc Boat first announced itself and received $ 4.25 million in support of the project from Andreessen Horowitz, a well-known Silicon Valley financial foundation. Most of the top executives at Arc Boat are from SpaceX.