North Kingstown, R.I., Oct. 05, 2023 (GLOBE NEWSWIRE) -- REGENT Craft, the Rhode Island-based manufacturer of all-electric seagliders, announced today it has raised $60 million in Series A funding co-led by 8090 Industries and Founders Fund. The round includes previously announced strategic investments by Japan Airlines Innovation Fund, Lockheed Martin, and Yamato Holdings, and is joined by Point72 Ventures, Caffeinated Capital, Mark Cuban, UAE’s Strategic Development Fund, Future Planet Capital and others, bringing the company’s total funding to date to $90 million. The new funding fully capitalizes REGENT’s full-scale prototype build and test program with crewed flight in 2024, and keeps the company on track to certify, manufacture, and deliver its seagliders to customers by mid-decade.