Overview

Regent Craft focuses on improving coastal transportation with its all-electric vehicles called Seagliders. These vehicles fly just above the water's surface, allowing for fast travel at speeds up to 180 mph while producing no emissions. They can cover distances of up to 180 miles, making them suitable for routes in coastal areas and islands, particularly in regions like New England, Florida, and the Caribbean. Regent Craft partners with commuter airlines and ferry operators to provide a more efficient alternative to traditional travel methods. Unlike competitors, Regent Craft utilizes existing dock infrastructure, which helps reduce costs and improve accessibility. The company's goal is to enhance regional travel while minimizing environmental impact, connecting communities through sustainable transportation.

Simplify's Take

What believers are saying

• $250 million investment from UAE's Edge Group boosts Regent's growth potential.
• Partnership with UME Shipping validates market demand for Monarch seagliders.
• Manufacturing facility in Rhode Island enhances production capacity and job creation.

What critics are saying

• Competition from Norway's Elfly Group may impact Regent's market share.
• Regulatory hurdles could challenge integration of seagliders into logistics networks.
• Reliance on UAE market exposes Regent to geopolitical and economic risks.

What makes REGENT unique

• Regent's seagliders combine airplane speed with boat cost efficiency.
• Seagliders offer zero-emission travel at speeds up to 180 mph.
• Regent leverages existing dock infrastructure for efficient coastal transportation.

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Funding

Total Funding

$87M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Founders FundY Combinator

Notable Investors:

Founders FundY Combinator

$60,000,000

Series A

Oct 2023

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$30M

$60M

View all funding stages