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Billy Thalheimer (CEO) and Michael Klinker (CTO) of REGENT with a full-scale mockup of their first electric seaglider. Regent, a startup developing electric seagliders to transport people and cargo, has raised a $60 million round of venture funding and struck a partnership with Japan Airlines to figure out how to bring the company's flying electric ferries to the waterways of Japan. Venture fund 8090 Industries co-led Regent's series A round alongside Peter Thiel's Founders Fund, with Japan Airlines Innovation Fund and Point72 Ventures also participating among others. The commercial version of this battery powered 12-seater, named the Viceroy, will fly higher above the water at speeds of up to 180 mph, Thalheimer says. Thalheimer said, "You can build as many decks or pitches as you want but this is the experience that unlocks excitement."
Persons: Billy Thalheimer, Michael Klinker, REGENT, Peter Thiel's, Regent, seaglider, Thalheimer Organizations: Japan Airlines, Venture, Japan Airlines Innovation Fund, Point72 Ventures, CNBC Locations: Japan, Rhode, Narragansett
The co-founder and CEO of Regent, Billy Thalheimer, said the company has already amassed a backlog of $7 billion worth of orders for its sea gliders. Once on the edge of the harbor, the Regent sea glider accelerates and takes off, staying within one wingspan of the water's surface. "When the vehicle is in the hydrofoils, basically it's like driving above the water surface on stilts," the CTO said. Following successful tests over the summer, Regent now aims for the Viceroy sea glider to enter service by the end of 2025. The startup is also developing a 100-passenger sea glider, dubbed the Monarch, that can carry 25,000 pounds of payload.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRegent wants to disrupt coastal and island travel with its electric sea gliderRegent, a startup developing electric flying boats, has completed a series of test runs on the Narragansett Bay in Rhode Island to prove its unique vehicles can "float, foil and fly" as expected. The co-founder and CEO of Regent, Billy Thalheimer, said the company has already amassed a backlog of $7 billion worth of orders for its sea gliders. It's due to enter commercial service by the end of 2025, the company says.
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