FutureFlight
Investors Back Regent's Plans For All-electric Wing-in-ground-effect Seaglider
Regent Craft says it holds $465 million worth of orders from airlines and ferry companies for its 12-passenger seaglider vehicle, which is expected to enter service in 2025.
Regent Craft seaglider
Regent Craft is developing an all-electric seaglider that will carry 12 passengers on "flights" just above the surface of water. (Image: Regent Craft)

Regent Craft has secured $9 million of seed funding for its 12-passenger seaglider concept and plans to fly a one-quarter scale prototype of the wing-in-ground-effect (WIG) vehicle by the end of 2021. Investors include Founders Fund, Boom Supersonic lead investor Caffeinated Capital, Dallas Mavericks owner Mark Cuban, Y Combinator, Thiel Capital, Relativity Space founder Jordan Noone, and Fitbit founder James Park. Regent says it collected $465 million in provisional orders for airlines and ferry companies during the first quarter of this year. 

Specifications for the all-electric WIG vehicle show a range of 180 miles at a speed of 180 mph. The seaglider would operate in a variety of modes, allowing for safe operations across a diverse set of environments, according to Boston-based Regent. 

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