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REGENT Announces Strategic Investment from Mitsui O.S.K. Lines (MOL)

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The investment will support REGENT bringing seagliders to market in Japan and in coastal destinations around the globe.

REGENT — MOL Switch Partnership

The partnership will bring seaglider to coastal markets and advance a sustainable Blue Economy.
The partnership will bring seaglider to coastal markets and advance a sustainable Blue Economy.

North Kingstown, Rhode Island, June 25, 2024 –

  • REGENT announces strategic investment from Japanese shipping company Mitsui O.S.K. Lines (MOL)’s corporate venture capital firm MOL Switch LLC.
  • The investment will support REGENT in bringing its all-electric seagliders to market in Japan and other coastal destinations around the world.
  • The strategic partnership will also advance a sustainable Blue Economy.
  • Learn more about the opportunity for REGENT seagliders in Japan here.

North Kingstown, RI, June 25, 2024 – REGENT Craft, the manufacturer of all-electric seagliders for sustainable maritime mobility, announced today a strategic investment from MOL Switch LLC, a US-based corporate venture capital firm that is part of Japanese transport company Mitsui O.S.K. Lines (MOL), one of the largest shipping companies in the world. The investment will support REGENT bringing seagliders to market in Japan and in coastal destinations around the globe.

REGENT seagliders provide efficient, sustainable options to augment coastal transportation ecosystems. The hydrofoiling wing-in-ground-effect vessel leverages existing dock infrastructure to carry people and goods over water up to 180 miles between coastal destinations – all with zero emissions.

“This strategic partnership marks a significant step forward for seaglider market adoption in Japan. Having MOL as a maritime champion for seaglider technology underlines REGENT’s market-leading traction in the country and paves the way to bring our high-speed, all-electric transportation solutions to coastal communities.” — Billy Thalheimer, Co-founder and CEO, REGENT

Advancing maritime innovation 

REGENT is the first to unlock the commercial viability of ground-effect vehicles, combining the speed of an aircraft with the convenience of a boat.

“REGENT’s pioneering technology and commitment to sustainability align with MOL’s core mission to apply innovative technology and services to advance environmental conservation. The partnership reflects our shared commitment to ensuring safe transportation and building a sustainable future.” —Tomoaki Ichida, CEO, MOL Switch LLC

Growing ecosystem for seagliders in Japan 

MOL Switch’s strategic investment in REGENT is part of growing interest in seaglider technology in Japan. H.I.S. Group, one of Japan’s largest travel agencies, Japan Airlines Innovation Fund, the venture arm of Japan Airlines (JAL), and Yamato Holdings, Japan’s largest parcel delivery and logistics company, are also strategic investors in REGENT.

About 80% of Japan’s population lives on or near coastal areas, and the maritime industry is critical to the country’s economy. Seagliders provide affordable, convenient, and sustainable options to transport people and goods in the country, augmenting existing transportation options and supporting lives and livelihoods.  

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