What Happened
Rhode Island Startup Expands Maritime Vehicle Development
REGENT Craft, a Rhode Island startup, has announced the closure of a $240 million Series B funding round. The round, led by defense-focused investors Mare Liberum and AE Ventures, will support the company’s growth and development of its wing-in-ground maritime vehicles. REGENT Craft plans to use the funds to achieve major milestones, including the first human flight of its Viceroy Seaglider and the start of industrial production at its future manufacturing plant in Rhode Island. The investment was first reported by AeroTime.