U.S.-based seaglider maker REGENT lands $240 million in new funding

U.S.-based seaglider maker REGENT lands $240 million in new funding

REGENT Craft has raised $240 million in Series B funding, split evenly between equity and debt, the Rhode Island-based seaglider manufacturer announced Thursday. The round was co-led by investment firms Mare Liberum and AE Ventures, with debt capital provided by Erebor Bank. The new funding brings REGENT’s total raised to date, across equity and debt, […]

Regent raises $240m to scale Seaglider production

Rhode Island-based Regent Craft has raised $240m as it prepares to move its Seaglider programme into production and complete testing of its first crewed Viceroy prototype. Regent develops Seagliders, vessels that use hydrofoils to lift clear of the water before travelling within a few metres of the surface on wings. The company is developing the technology for both commercial passenger transport and defence applications and says the new capital …

Two MIT engineers who quit Boeing just raised $240M for their flying boat startup

REGENT has raised $240 million in its Series B round, with half of the funds provided as debt by Palmer Luckey’s Erebor Bank. The funding round takes place right before the Viceroy seaglider makes its first full airborne flight. This round takes REGENT’s total funding to $340 million as the company directs more of its focus towards defence. REGENT Craft has raised $ 240 million in its Series B round, with the funds split equally between equity a…