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REGENT Craft announced a strategic investment from H.I.S. Group to advance sustainable maritime mobility

Mar 11, 2024almost 2 years ago
BurlingtonInformation Technology

Investors

H.I.S. Group

Description

REGENT, the manufacturer of all-electric seagliders for sustainable maritime mobility, announced a strategic investment from H.I.S. Group, one of Japan’s largest travel agencies. The investment aims to advance sustainable travel and enhance regional travel experiences for customers in Japan and beyond.

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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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers