Regent

An agreement signed at CoMotion Miami has a reported value of $300 million

The start-up also announced that it has selected EP Systems and MagicAll to supply the batteries and electric motors for the sea glider.

The funding is the defense group's latest foray into advanced air mobility following its backing for start-ups including Electra, Elroy Air, H3X, and Hidden Level.

The U.S start-up has been supported by Bureau Veritas Marine & Offshore as it steps up the certification process for its family of sea gliders. It now expects to engage with the U.S. Coast Guard on the next stage in the process.

Siemens Digital Industries Software will help Regents streamline the development and production of its all-electric seagliders.

Along with its equity investment, Hawaiian Airline agrees to support the initial design of the 100-passenger Monarch.

Southern Airways Express intends to operate the 12-passenger Viceroy model and the 100-seat Monarch on routes in the New York and New England region, and also in the southeastern U.S.

Brittany Ferries wants to start operating a version of Regent Craft's new electric sea glider that would be able to carry between 50 and 150 passengers on popular routes between France and the UK.

Regent Craft says it holds $465 million worth of orders from airlines and ferry companies for its 12-passenger seaglider vehicle, which is expected to enter service in 2025.