Sustainable next-generation aircraft developer REGENT has taken another major step toward the manufacturing and marketing of its all-electric seagliders for advanced air mobility (AAM) services by securing $60 million in Series A Round funding round.

Rhode Island-based REGENT announced it had closed that financing campaign after participating investors pledged $60 million to its seaglider development project. That brings the startup’s total funding to $90 million, which will be used to fulfill its plans to produce a full-scale prototype of the battery-powered AAM aircraft next year.

Most companies developing electric-powered planes for AAM activities have focused on air taxis and related inner-urban uses. REGENT, by contrast, is specializing in seagliders designed to transport passengers along coastal routes, over border-defining waterways like the English Channel, or between islands in archipelagoes. 

After producing and flying a