Electrification of boats is uniquely challenging because it's a delicately balanced optimization problem -- You need to keep the boat up on plane to get a reasonable range and compete in the same class as other recreational motorboats. Getting on plane requires a high peak power output, but that in turn requires a heavier battery pack, making it harder to get up to speed...
Battery energy density is not quite at the point where you can just stick a battery and electric motor in an existing boat hull and expect it to perform, so the theme of all these companies is using a custom lightweight hull or hydrofoil to reduce drag/weight enough to avoid the energy density problem. Another interesting startup is Candela (https://candela.com/) who is taking on the problem from a similar angle; they use hydrofoils and a complex controls system to keep the hull foiling which is very low drag.
That said, I'm not sure Arc has done their research on the market fit for aluminum hulls. Based on their concepts it will take a lot of work to convince the recreational boating scene to buy a $300k aluminum boat with an inboard motor; typically aluminum hulls are used for fishing and shallow waters, and in those use cases an inboard doesn't make sense -- it might be better equipped in that case with a jet drive but would hit power issues there.