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Regent Craft Inc. announced it raised $24.8 Million in an initial filing from an offering of $28.8 Million

Jan 18, 2022almost 4 years ago

Amount Raised

$24.8 Million

BurlingtonInformation Technology

Company Information

Company

REGENT CRAFT INC.

Location

111 S BEDFORD ST STE 200

Burlington, Massachusetts, United States

About

REGENT’s mission is to drastically reduce the time and cost of moving people and goods between coastal cities. Our vehicle, called a seaglider, is an all-electric, wing-in-ground-effect craft that operates within a wingspan of the water's surface and couples the speed of an airplane with the operating cost of a boat. Built to the same safety standards as all modern aircraft and watercraft, our vehicle will service routes up to 180 miles with existing battery technology and routes up to 500 miles with next-gen batteries, all via existing dock infrastructure. Our world-class team of aerospace and maritime engineers are leveraging maritime vehicle development pathways to bring our zero-emission, high-speed seagliders to market within five years.

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