REGENT has secured a strategic investment from Japan Airlines (JAL) Innovation Fund for incorporating seagliders into JAL’s global network. With this investment, REGENT has raised over $45 million to date.
Billy Thalheimer, co-founder and CEO of REGENT said: “This strategic investment speaks to the growing adoption of seaglider technology by major airlines. At REGENT, we’re at the helm of ushering in a completely new era in sustainable transportation, and JAL Innovation Fund’s investment gives us the resources and support that we need to unveil an innovative approach for regional travel at lower costs, faster speeds, and zero emissions.”
Yasushi Noda, Executive Officer, Senior Vice President – Digital Innovation at Japan Airlines said: “We are very pleased to make this investment in REGENT from our CVC, JAL Innovation Fund. We believe seagliders are a safe, sustainable, and economical solution and we are excited to work with REGENT to assess demand not only in Japan but around the world.”
Seagliders are a new mode of transportation that combines the high speed of an airplane with the low operating cost of a boat.