REGENT Craft, based in North Kingstown, RI, raised $240M in Series B funding. The round was co-led by Mare Liberum and AE Ventures, along with other prominent investors. The funds will be used to scale manufacturing and pursue key certification milestones. The company is dedicated to enhancing maritime mobility with its all-electric Seaglider vessels.
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.
Don't miss REGENT CRAFT INC.'s next move
Get an email the moment REGENT CRAFT INC. raises, hires an exec, or expands, usually minutes after it happens.
One email per event. Unsubscribe anytime.
Related People
Suggested for you
1 contact
Verified contactsMichael K., Executive Officer, Director hidden
Predictive Intelligence
Strategic
ML-powered predictions for REGENT CRAFT INC.'s next move
BurlingtonInformation TechnologyMobileConsumer GoodsTransportationFood And Beverage