What is REGENT?
REGENT is revolutionizing regional transportation by building seagliders, which are all-electric maritime vehicles designed for high-speed, zero-emission travel over water. These vehicles represent a new category of all-electric transport, combining the speed of aircraft with the operational efficiency of boats. REGENT's technology aims to drastically improve the accessibility and sustainability of regional transit, positioning itself at the forefront of green maritime innovation.
How much funding has REGENT raised?
REGENT has raised a total of $87M across 3 funding rounds:
Angel/Seed
$9M
Unspecified
$18M
Series A
$60M
Angel/Seed (2021): $9M with participation from Mark Cuban, Y Combinator, Founders Fund, Boom, and Caffeinated Capital
Unspecified (2022): $18M led by Mesa Airlines, Thiel, and JAM Fund
Series A (2023): $60M supported by Lockheed Martin, Yamato Holdings, and Founders Fund
Key Investors in REGENT
Lockheed Martin
Lockheed Martin Corporation is a global aerospace and defense company engaged in the research, design, development, and manufacture of advanced technology systems and services. Operating through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments, it delivers aircraft, defense systems, satellites, and mission solutions, primarily serving the U.S. government and international customers.
Founders Fund
Founders Fund invests in the world's most important and valuable companies across all geographies, sectors and stages. The firm's partners have been founders and early funders of companies including PayPal, SpaceX, Palantir, Anduril, Airbnb, Stripe and Facebook. Founders Fund pursues a founder-friendly investment strategy, providing maximum support with minimum interference.
Yamato Holdings
Founded in 1919, Yamato Holdings provides delivery, logistics, home convenience, e-business, financial, auto works, and other related services in Japan and internationally. The company also provides shared services, including highway transportation and personnel placement services. The company is headquartered in Tokyo, Japan.
What's next for REGENT?
With substantial backing and a clear focus on sustainable maritime mobility, REGENT is poised for significant growth. The company's recent funding, particularly the Series A round, indicates a transition towards scaling operations and further developing its seaglidertm technology. Future endeavors will likely involve expanding manufacturing capabilities, securing regulatory approvals, and establishing key operational routes to bring this transformative transportation solution to market. The involvement of strategic partners like Lockheed Martin suggests a strong emphasis on technological advancement and market penetration within the aerospace and defense sectors.
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