REGENT has raised $240 million in Series B funding, co-led by Mare Liberum and AE Ventures. The funds will be used to scale manufacturing and advance engineering for its all-electric Seaglider vessels. Notable investors include Lockheed Martin Ventures and Japan Airlines. This funding positions REGENT among the largest hardware Series B rounds on record.
Company Information
Company
REGENT
Location
Boston, Massachusetts, United States
About
REGENT’s seagliders will revolutionize regional transportation. Our mission is to drastically reduce the cost and headache 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 of 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 team of MIT-trained, ex-Boeing engineers are leveraging maritime vehicle development pathways to bring our zero-emission, high-speed seagliders to market within five years.
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