Regent's seaglider, an electric flying boat, seeks Coast Guard certification for faster approval and cheaper development, offering potential for revolutionary, efficient, and affordable overwater transportation.
- The Problem: Getting a new aircraft certified by the FAA takes a decade and a billion dollars.
- The Solution: Build a flying boat (seaglider) and get it certified by the U.S. Coast Guard instead.
- Regent: Founded in 2020 by MIT-trained engineers Billy Thalheimer and Mike Klinker.
- Seaglider: An all-electric flying boat that can transform transportation and cargo shipments.
- Mark Cuban's Take: "It’s a revolutionary product that can change transportation for so many cities. Faster, better, cheaper is always a winning combination." (Cuban invested in Regent's $60 million Series A round.)
- Certification Advantage: Coast Guard certification is faster and cheaper than FAA certification due to less bureaucracy and more design variation in boats.
- Seaglider Design: 65-foot wingspan, dozen propellers, two operators, 12 passengers.
- How it Works: "Float, foil, fly." Lifts out of the water on hydrofoils before flying close to the surface, using the cushion of air.
- Speed: 180 miles per hour.
- Benefits of Overwater Travel: Efficient due to flat terrain and straight lines.
- Future Plans: Passenger trips by 2027, e.g., NYC to the Hamptons for $80.
- Cost to Market: Estimated $200-300 million, much less than FAA certification.
- Investment and Orders: Regent has raised over $100 million and has $10 billion in backlog orders.
- Key Insight: FAA certification is difficult and expensive, especially for new aircraft designs. The maritime world is more open to varied designs.
- Electric Advantage: Seagliders can use full battery range because they always have a safe place to land on the water.
- Range: Estimated 180 miles per charge.
- Market Potential: Larger than $500 billion, including passenger, cargo, offshore, and defense applications.
- Founders' Background: Thalheimer and Klinker previously worked on electric aircraft at Aurora Flight Sciences and realized the challenges of FAA certification early on