Venture Capital: REGENT Lands $60M For Eco-Friendly Electric Seagliders
“There are extraordinarily few companies today with battery powered vehicles that can fly human crew, and REGENT is about to join those ranks.” – Billy Thalheimer, co-founder and CEO, REGENT.
REGENT Craft, a Rhode Island-based manufacturer of all-electric seagliders, has successfully raised $60 million in Series A funding. The funding round was co-led by 8090 Industries and Founders Fund, with participation from Japan Airlines Innovation Fund, Lockheed Martin, Yamato Holdings, and Point72 Ventures, among others. This brings REGENT’s total funding to $90 million.
Seagliders, the innovative transportation mode developed by REGENT, offer fast, cost-effective, and eco-friendly coastal travel. They operate as boats in harbors, take off from wave-tolerant hydrofoils, and can reach speeds of up to 180 mph, covering 180 miles on a single charge.
REGENT’s key milestone is to achieve crewed flight with a full-scale prototype in 2024, aiming to certify, manufacture, and deliver seagliders to customers by the mid-decade.
According to Billy Thalheimer, CEO of the company, seagliders will be the first economically viable electric flying machines. The investment from 8090 Industries, known for its focus on sustainability and aerospace, supports REGENT’s global expansion. Founders Fund continues to back REGENT’s vision of revitalizing American industrialism through innovation.
Seagliders are designed to serve coastal communities, targeting a market segment valued at $25 billion by 2030. REGENT’s flagship seaglider, Viceroy, can carry 12 passengers up to 180 miles, while Monarch, designed for longer routes, can accommodate 100 passengers.
REGENT has secured orders worth over $8 billion from global airline and ferry operators. They plan to enter service by mid-decade, with potential applications beyond passenger travel, including cargo transport, search and rescue, offshore logistics, and defense.
With this substantial funding, REGENT is poised to reshape sustainable maritime transportation, delivering faster, cleaner, and more affordable solutions.
Related Story: Electric Flying Ferry Startup Regent Raises $9M
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