REGENT Secures Strategic Investment from Japan Airlines Innovation Fund

Japan Airlines Innovation Fund, a strategic fund that serves as the venture arm of Japan Airlines (JAL), one of the top airlines in the world, has announced a strategic investment in REGENT, the firm that invented electric seagliders for environmentally friendly marine transportation. This investment in REGENT demonstrates JAL’s dedication to environmentally friendly transportation and acts as the first step in the investigation of adding seagliders into its extensive worldwide network. REGENT has now raised more than $45 million with the help of this investment.

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Seagliders are a new mode of transportation that combines the high speed of an airplane with the low operating cost of a boat. These all-electric, zero-emission vessels operate over the water and leverage existing dock infrastructure to carry people and goods up to 180 miles between coastal destinations.

REGENT has sold over 400 seagliders to date, to global aviation and ferry customers including Mokulele Airlines, Southern Airways Express, FRS (Germany), and Ocean Flyer (New Zealand). With more than $7.5 billion in orders from commercial operating partners around the world, REGENT aims for its 12-passenger seaglider, Viceroy, to enter service by mid-decade.

In addition to the investment, REGENT and  JAL are working together to explore opportunities for ecosystem development, bringing together relevant stakeholders to deliver the benefits of seagliders to new and underserved markets. REGENT’s investors to date include Thiel Capital, Y Combinator, Founders Fund, and Mark Cuban.