Seaglider developer receives “strategic investment” from Mitsui [Yahoo! Finance]
JAPAN AIRLINES UNSP/ADR (JAPSY)
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Source: Yahoo! Finance
The support comes from MOL Switch, a corporate venture capital firm owned by Mitsui. Although the details of the deal weren't shared, a joint statement explained the aim is to sell Regent's aircraft in Japan. “The investment will support REGENT bringing seagliders to market in Japan and in coastal destinations around the globe,” it said. Japan is seen as a fertile market for the emerging zero emission platform, because 80% of its population lives in or near coastal areas. The seaglider is described as a “new category of vehicle that combines the speed of an aircraft with the convenience of a boat.” Regent hopes its all-electric seaplane-esque design will be part of the aviation zero-emissions revolution for coastal communities, as an “affordable and efficient” option not unlike eVTOLs in cities. “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 m
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