Regent

What Regent does

REGENT Craft Inc., founded in 2020 by MIT-trained aerospace engineers Billy Thalheimer (CEO) and Mike Klinker (CTO) and headquartered in North Kingstown, Rhode Island, develops and manufactures all-electric Seaglider vessels for high-speed coastal transportation. The Seaglider is a Type A wing-in-ground-effect (WIG) craft that operates in three modes — float (hull), foil (hydrofoils), and fly (wing-in-ground effect within one wingspan of the water surface) — combining hydrofoils, blown wing technology, autonomous control systems, and a multi-modal sensor stack. The vessel is regulated as a 46 C.F.R. Subchapter T maritime small passenger vessel by the U.S. Coast Guard rather than as an aircraft, a deliberate architectural choice that materially shortens the certification pathway. The portfolio spans the 12-passenger all-electric Viceroy (180 mph, 180-mile range, 45-minute charge, 3,500 lb payload), the autonomous Viceroy Hybrid variant (1,600-mile range), the defense-focused Squire autonomous drone (50 lb payload, 80 mph, 100+ nautical mile range), and the planned 100-passenger Monarch (160 mph, 400-mile range, end-of-decade).

REGENT operates a pure B2B hardware sales model, monetizing through long-lead pre-orders and bilateral purchase agreements with airlines, ferry operators, defense agencies, and logistics customers. As of 2026 the company reports more than $10 billion in commercial customer commitments across 600+ Seagliders on six continents, plus roughly $30 million in disclosed U.S. Marine Corps and Pentagon defense contracts for the Squire program and earlier Viceroy demonstrations. International expansion is executed through joint ventures and channel partners — most prominently the SDF joint venture in the UAE for manufacturing and aftermarket services, alongside regional operators in New Zealand (Ocean Flyer), Brazil (Synerjet), the Philippines (INAEC), Hawaii (Pacific Current), and Scotland (HITRANS). The company has raised more than $100 million across an $18M seed (Feb 2022), a $60M Series A co-led by 8090 Industries, Founders Fund, and NEOM (Oct 2023), and multiple undisclosed strategic investments from corporate backers including Lockheed Martin Ventures, Japan Airlines Innovation Fund, Yamato Holdings, H.I.S., MOL Switch, Alaska Airlines, Hawaiian Airlines, Mesa Air, and Mark Cuban. Production is anchored at a 255,000-square-foot dedicated Seaglider manufacturing facility in Quonset Business Park (completed June 2026), with first commercial deliveries targeted for late 2027. REGENT launched a dedicated REGENT Defense division in July 2025 and has cultivated a board/advisory bench including former FAA Chief Steve Dickson, former Boeing CEO Dennis Muilenburg, and JetBlue founder David Neeleman.

Name

Regent

Legal name

REGENT Craft Inc.

Website

https://regentcraft.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

REGENT Craft Inc. develops and manufactures all-electric Seaglider vessels — wing-in-ground-effect craft operating in float, foil, and fly modes — for high-speed zero-emission coastal passenger transport, cargo logistics, and defense missions. It sells directly to airlines, ferry operators, defense agencies, and logistics customers globally.

Ownership category

akta.pro rank

Product category

Electric Seaglider Maritime Transportation

NAICS

Ship and Boat Building (3366), Coastal and Great Lakes Passenger Transportation (483114)

SIC

Ship & Boat Building & Repairing (3730), Water Transportation (4400)

akta.pro primary industry

Passenger Ferries & Water Taxis (Fast Ferries, RoPax, Catamarans) (IMAJADAC)

akta.pro secondary industries

High-Speed Catamaran & Fast Ferry Services (THAEAGAD), Amphibious Warfare Ships (LPD/LHD/LSD) (IMAJABAB)

Keywords

• Electric seaglider vessels
• Wing-in-ground effect craft
• Coastal passenger transport
• Maritime mobility manufacturing
• Defense autonomous seagliders

Headquarters

HQ city

North Kingstown

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Technology or R&D, Personnel, Supply Chain, Marketing or Sales, Operations

Revenue model

1. Seaglider vessel sales (pre-orders and delivery contracts): Primary revenue model: long-lead pre-orders and purchase agreements for Viceroy and Monarch Seagliders from airlines, ferry operators, defense agencies, and logistics customers. Customer commitments exceed $10B across 600+ units spanning aviation, ferry, and freight customers on six continents. First deliveries targeted late 2027.
2. Defense contracts (US Marine Corps and DoD): Multi-phase defense contracts with the US Marine Corps Warfighting Lab (initial $4.75M, extended phase estimated at $10M), $15M for Squire drone ISR/logistics/SAR program, and Pentagon-backed venture investment via Mare Liberum.
3. Aftermarket services and joint-venture manufacturing: Joint venture with Abu Dhabi-based Strategic Development Fund (SDF) to establish Seaglider manufacturing and aftermarket services in the UAE; international expansion through regional partnerships (Monte Maritime $300M leasing/financing deal).

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels8 records

Core offering

Regent designs, develops, and manufactures all-electric Seaglider vessels — wing-in-ground-effect craft that operate in three modes (float, foil, fly) for high-speed, zero-emission coastal transportation. The core Viceroy platform carries 12 passengers at up to 180 mph over a 180-mile range, complemented by the autonomous Squire defense drone, a Viceroy Hybrid variant, and the planned 100-passenger Monarch Seaglider. Vessels are sold directly to airlines, ferry operators, defense agencies, and logistics customers via long-lead pre-orders and bilateral purchase agreements.

Product overview

Regent is a dual-use maritime mobility company developing and manufacturing a single product platform — the Seaglider — across multiple variants that operate in three modes (float, foil, fly). The core offering is the all-electric Viceroy Seaglider (12 passengers, 180 mph, 180-mile range), supplemented by the autonomous Viceroy Hybrid variant, the defense-focused Squire Seaglider drone, and the larger 100-passenger Monarch Seaglider. Regent Defense is the dedicated military division offering defense versions of the Viceroy and the autonomous Squire. The portfolio is supported by a U.S. Coast Guard-approved captain training program (with FAAC Incorporated), a 255,000-square-foot dedicated Seaglider manufacturing facility in North Kingstown, Rhode Island, and an international expansion including a joint venture in the UAE with Strategic Development Fund.

Differentiator

Problem solved

Functional benefit

Brands

• Viceroy: REGENT's 12-passenger all-electric Seaglider vessel (with hybrid variant); a high-speed hydrofoiling wing-in-ground-effect (WIG) craft designed for coastal passenger transport, cargo, and defense missions.
• Squire
• Monarch
• REGENT Defense

Products and services

• Viceroy Seaglider (electric) All-electric 12-passenger wing-in-ground-effect (WIG) craft designed for coastal passenger transport. Operates in three modes — float, foil, fly — at up to 180 mph with a 180-mile range and 3,500 lb payload. Designed to charge in about 45 minutes using existing dock infrastructure.
• Viceroy Hybrid Seaglider Autonomous hybrid-electric variant of the Viceroy platform with a 3,000 lb payload, 180 mph top speed, and 1,600-mile range, designed for defense and longer-range missions.
• Squire Seaglider Autonomous unmanned wing-in-ground-effect drone for defense applications including ISR, logistics, search and rescue, anti-submarine warfare, contested logistics, and MEDEVAC. 50 lb payload, 80 mph top speed, 100+ nautical mile range. Operates in float, foil, and airborne flight modes.
• Monarch Seaglider Larger-capacity Seaglider designed for regional coastal transportation. 100 passengers, 22,000 lb payload, 160 mph top speed, 400-mile range. Targeted to enter service end-of-decade.
• REGENT Defense (division) REGENT's dedicated military division offering defense versions of the Viceroy Seaglider including autonomous and hybrid variants, plus the Squire autonomous drone, for U.S. Marine Corps, USSOCOM, and U.S. Coast Guard missions.
• Seaglider Crew Training Program U.S. Coast Guard-approved six-week captain training program developed with FAAC Incorporated. Combines online coursework, classroom instruction, simulation, and in-vessel training. Seagliders will be operated by maritime captains who receive a Seaglider-specific type rating.

Quantifiable outcome

• 180 mph top speed with 180-mile electric range for Viceroy
• +7 more outcomes

Named customers34 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability5 records

Feature7 records

Partnerships

30 partnerships are on record, tiered core us launch partner (first us delivery), core latin america launch partner, core cargo logistics partner, notable scotland feasibility partner, core commercial customer/operator (largest single order), core mena offshore energy partner, notable customer (first monarch delivery), core new zealand launch partner, core jv partner (uae manufacturing), core us navy fleet deployment partner, core certification partner, notable certification partner, notable technology partner, notable manufacturing vendor, notable avionics vendor, notable training partner, notable charging infrastructure partner, core hawaiʻi partner, core defense customer and partner, core regulator and partner, notable offshore energy customer, notable european ferry customer, notable ferry customer, notable urban air mobility customer, notable philippines customer, notable hawaii regional airline customer, notable japan tourism channel, notable middle east channel and core japan channel and strategic investor.

• The Twenty Five (XXV)core us launch partner (first us delivery)Channel Partner/ Reseller/ Distributor · 17 June 2026Connecticut-based membership platform ordering up to 60 Viceroy Seagliders for deployment in 2027 across East Coast corridors (New York to Hamptons, Miami to Bahamas); first US delivery and launch partner announced June 2026.
• Synerjetcore latin america launch partnerChannel Partner/ Reseller/ Distributor · 11 February 2026Brazilian business aviation services group ordering 10 Viceroy Seagliders for coastal routes in Latin America (Rio de Janeiro, Buenos Aires), with deliveries starting 2029. Marks REGENT's first entry into the Latin American market.
• DHL Expresscore cargo logistics partnerChannel Partner/ Reseller/ Distributor · 19 November 2025Signed agreement (Nov 2025) at Dubai Airshow to explore deployment of all-electric Seaglider vessels for sustainable cargo transport; collaboration will assess integration of Seaglider technology into DHL's regional and coastal logistics operations.
• HITRANS (Highlands and Islands Transport Partnership)notable scotland feasibility partnerStrategic or Co-development Partner · 19 September 2025Collaborating (Sept 2025) on feasibility study for deploying all-electric Seagliders for inter-island travel in North Scotland, with proposed trial in Orkney and Shetland.
• UrbanLink Air Mobilitycore commercial customer/operator (largest single order)Channel Partner/ Reseller/ Distributor · 14 May 2025Increased order of REGENT Viceroy Seagliders from 27 to 47 units (May 2025) for zero-emission coastal transportation in South Florida and Puerto Rico, with first deliveries anticipated in 2027. UrbanLink also operates eVTOLs (20 Lilium units).
• ADNOC Logistics & Servicescore mena offshore energy partnerChannel Partner/ Reseller/ Distributor · 28 January 2025Selected REGENT Seagliders to trial high-speed electric transport for offshore energy logistics in the UAE.
• UME Shippingnotable customer (first monarch delivery)Channel Partner/ Reseller/ Distributor · 29 October 2024First delivery customer for REGENT's Monarch Seaglider; order will bring Monarch Seagliders to the Red Sea region.
• Ocean Flyer (New Zealand)core new zealand launch partnerChannel Partner/ Reseller/ Distributor · 20 April 2022Signed NZ$700M agreement (~$427M) in April 2022 to purchase 25 all-electric Seagliders, making Ocean Flyer the first Seaglider-only company globally and establishing New Zealand as REGENT's primary launch market.
• Strategic Development Fund (SDF) - Abu Dhabicore jv partner (uae manufacturing)Strategic or Co-development PartnerSigned initial agreement (Feb 2025) to establish a joint venture for Seaglider manufacturing and aftermarket services in the UAE, with Abu Dhabi Investment Office support.
• Fairleadcore us navy fleet deployment partnerStrategic or Co-development PartnerPartnered with REGENT (Sept 2025) to accelerate Seaglider vessel deployment and advance US maritime capabilities; significant investment in America's shipbuilding workforce and infrastructure.
• Lloyd's Registercore certification partnerStrategic or Co-development PartnerPartnered with REGENT (May 2024) to provide certification and advisory services for the 12-passenger Viceroy Seagliders internationally; jointly working on flag-state certification pathways.
• Bureau Veritasnotable certification partnerStrategic or Co-development PartnerREGENT received Classification Approval in Principle for a Wing-in-Ground Vessel from Bureau Veritas (Aug 2022).
• Siemens (Siemens Xcelerator)notable technology partnerTechnology or IntegrationREGENT adopted Siemens Xcelerator portfolio of cloud-based software and services (Aug 2022) for revolutionary zero-emission Seaglider.
• Moore Brothers Companynotable manufacturing vendorImplementation/ SI/ Consulting PartnerBristol, RI-based manufacturer selected to build the wing and hull for REGENT's full-scale Seaglider prototype and to build the Seaglider technical demonstrator vehicle (Jan 2022 and May 2023).
• allocortechnotable avionics vendorTechnology or IntegrationAnnounced (March 2022) as avionics components partner for REGENT's Seaglider technical demonstrator vehicle.
• FAAC Incorporatednotable training partnerImplementation/ SI/ Consulting PartnerAnnounced (May 2025) as partner for REGENT's Seaglider crew training program; program will be USCG-approved and focus on simulation training and classroom material.
• Schneider Electricnotable charging infrastructure partnerTechnology or IntegrationPartnered with REGENT and World4Solar (May 2026) to develop mobile off-grid charging system for Seaglider vessels, demonstrating DC-coupled high-power charging that bypasses standard conversion stages.
• World4Solarnotable charging infrastructure partnerTechnology or IntegrationPartnered with REGENT and Schneider Electric (May 2026) to develop mobile off-grid charging system for Seaglider vessels.
• Pacific Current (subsidiary of Hawaiian Electric Industries)core hawaiʻi partnerStrategic or Co-development PartnerAnnounced (June 2022) the development of a Seaglider transportation network in the State of Hawaiʻi with Pacific Current.
• U.S. Marine Corps Warfighting Labcore defense customer and partnerStrategic or Co-development PartnerInitial $4.75M agreement (Oct 2023); extended phase estimated at $10M (Mar 2025); $15M Squire drone contract; live MEDEVAC/CASEVAC demonstrations completed Nov 2025; REGENT has formalized development relationships with U.S. Special Operations Command (USSOCOM) and U.S. Coast Guard Research and Development Center.
• U.S. Coast Guardcore regulator and partnerStrategic or Co-development PartnerPrimary regulator of Seagliders in the United States (46 C.F.R. Subchapter T maritime small passenger vessels); REGENT submitted Design Basis Agreement to U.S. Coast Guard for Viceroy (Mar 2025); Coast Guard cleared Squire prototype for testing (Aug 2025) and full-scale human testing in Narragansett Bay (Aug 2024); FAA-Coast Guard MOU in development.
• TotalEnergiesnotable offshore energy customerChannel Partner/ Reseller/ DistributorPartnered (Sept 2022) to explore using electric Seagliders for maritime travel to offshore energy platforms; will pilot the Seaglider at offshore wind farms and oil rigs.
• Brittany Ferriesnotable european ferry customerChannel Partner/ Reseller/ DistributorSigned letter of intent (June 2021) for zero-emission, sea-skimming 'flying ferries'.
• FRSnotable ferry customerChannel Partner/ Reseller/ DistributorGermany-based worldwide ferry operator entered an agreement (Oct 2022) to add Seagliders to its fleet.
• Surf Air Mobilitynotable urban air mobility customerChannel Partner/ Reseller/ DistributorPartnered (Oct 2023) to establish Seaglider service in Miami.
• INAEC Aviation Corporationnotable philippines customerChannel Partner/ Reseller/ DistributorSigned agreement (May 2023) to bring Seagliders to the Philippines; also a strategic investor.
• Mokulele Airlinesnotable hawaii regional airline customerChannel Partner/ Reseller/ DistributorStrategic investor and order holder; part of Hawaiʻi Seaglider Initiative.
• H.I.S. Groupnotable japan tourism channelChannel Partner/ Reseller/ DistributorStrategic investor (March 2024) and Japanese tourism partner; aims to integrate Seaglider technology into Japan's tourism infrastructure.
• NEOMnotable middle east channelChannel Partner/ Reseller/ DistributorStrategic investor and order holder of REGENT Seagliders; expected deployment for NEOM Saudi Arabia giga-project.
• Japan Airlinescore japan channel and strategic investorChannel Partner/ Reseller/ DistributorStrategic investor (Jan 2023); joined MOL, Lloyd's Register, and REGENT in a joint development project on Seaglider certification in Japan (June 2026); exploring integration of Seagliders into JAL's global network.

Scale indicators11 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Candela: Swedish builder of all-electric hydrofoiling vessels (P-12 passenger ferry and C-8 leisure craft). Most direct comparable to REGENT in combining electric propulsion, hydrofoils, and maritime certification for high-speed coastal passenger transport.
• Oceanways: UK-based autonomous hydrofoil vessel developer focused on coastal cargo. Overlaps with REGENT's autonomous control systems and the offshore energy logistics use case (ADNOC, TotalEnergies).
• Boundary Layer Technologies: Developer of a container-ship-sized electric hydrofoil cargo vessel pursuing maritime certification. Comparable to REGENT's hydrofoil-first flight control approach and coastal logistics use case.
• Artemis Technologies: Belfast-based builder of the Artemis EF-12 Passenger, a foiling electric ferry/workboat for high-speed passenger and crew-transfer use. Direct competitor in the zero-emission hydrofoil ferry category and targeting similar coastal transport operators.

Emerging players

• Joby Aviation: Leading eVTOL air-taxi developer pursuing FAA type certification with deep capital. Comparable as the most-funded competitor in the broader coastal/urban electric aviation category that REGENT's seaglider will compete with for airline partnerships and passengers.
• Archer Aviation: eVTOL developer with major airline partnerships (United) pursuing FAA certification. Comparable as an urban/coastal electric aviation competitor using a similar regulatory and airline-channel playbook.
• Eve Air Mobility: Embraer-backed eVTOL developer with deep airline relationships and order book. Comparable as an urban air mobility competitor pursuing similar airline and operator channels for short-haul electric passenger transport.
• Lilium: eVTOL jet developer, with UrbanLink (a REGENT customer for 47 Viceroys) also holding a 20-unit Lilium order. Comparable as a competing urban/coastal electric aviation platform chasing the same operator channel.

Broad incumbents

• Kawasaki Heavy Industries: Long-standing manufacturer of Jetfoil high-speed passenger ferries (same coastal high-speed passenger segment REGENT targets) and major Japanese industrial conglomerate. A potential benchmark and incumbent competitor for the Japanese market.
• Textron: Diversified industrial conglomerate with marine (SAFE Boats), aviation (Cessna, Beechcraft), and defense businesses. Comparable as a broad incumbent with overlapping capabilities in the small-craft manufacturing and defense segments where REGENT operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/regentcraft
• Facebookfacebook.com/regentcraft
• LinkedInlinkedin.com/company/regentcraft

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds9 records

Investors41 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Regent