TechCrunch's Kirsten Korosec is reporting that electric seaglider startup Regent just rasied $60M in a new funding round.
Rhode Island-based startup Regent has secured $60 million in a Series A funding round, co-led by 8090 Industries and Founders Fund. Regent, co-founded by former Aurora Flight Sciences employee Billy Thalheimer, is developing electric seagliders that operate as boats in harbors, take off from wave-tolerant hydrofoils, and fly just above the water's surface. The seagliders, which operate under maritime jurisdiction, offer an efficient and sustainable transportation solution, covering distances of up to 180 miles on a single charge at speeds up to 180 mph. The funding will be used to build prototypes, expand the team, and conduct trials, with plans for the first human flight by the end of 2024. Regent has also signed an agreement with Japan Airlines to explore seaglider operations in Japan and other potential markets, including areas around Miami, the Bahamas, the Pacific Northwest, Hawaii, the Mediterranean Sea, the English Channel, and the North Sea.
Source: TechCrunch
https://techcrunch.com/2023/10/06/electric-seaglider-startup-regent-takes-flight-with-60m-in-new-funding/?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAFkpf71vI8QOmAE7fNM27tsJbY-cY6n6Onxmit269Vg3hEqjYC-2qPtarCLhIij6X5tkSbDf9B4N8DLdhA28I2a_GuEcxHgMCok9lqPLuXbLgoPO6Js-yeyNRUkz6D3IYE6sPu7UhZiYPwRO9xh6cO4KMuGozuLGZFt3pyNLi8Xk
(This article was written with assistance from ChatGPT)
