Overview
- The company announced Thursday that it raised $240 million in a Series B round, bringing total capital to $340 million with the round co-led by Mare Liberum and AE Ventures and debt arranged or provided by Erebor Bank.
- REGENT says the money will fund the start of production at its newly completed 255,000-square-foot Rhode Island factory and pay for certification and testing work needed before the Viceroy passenger seaglider makes its first human-carrying flight.
- Investors and company statements emphasize a growing defence focus: existing backers returned, Erebor and defense-focused funds joined, and REGENT notes an expanded U.S. Marine Corps contract now valued at $15 million.
- Testing of the Squire autonomous seaglider continues, with a recent demonstration at a military experiment and U.S. Coast Guard clearance for further envelope expansion that could lead to operational unmanned missions.
- REGENT has active international partnerships and a broad pre-order pipeline across six continents, and successful first flights and serial production would accelerate commercial routes that operate under maritime law rather than conventional aviation rules.