New funding lifts diversified development of REGENT’s seaglider
Advanced air mobility company REGENT has gotten a boost in its effort to market its electric seaglider as a more affordable and efficient alternative to next-generation aircraft designed to operate from ground terminals, with investments from US defense giant Lockheed Martin and Japanese freight and logistics firm Yamato Holdings.
REGENT announced the separate deals signed in recent weeks, saying the financial infusions of undisclosed amounts would assist its work in developing its flagship Viceroy seaglider. The company says it has already secured over 400 orders worth $7.9 billion from major airlines and leading ferry operators across different continents.
Read: REGENT earns Veritas design approval for AAM Viceroy seaglider
The funding comes from the investment unit Lockheed Martin Ventures, and Japan’s largest parcel transporter and logistics group, Yamato. Following recent seeding from the Japan Airlines Innovation Fund, REGENT says it now…