Dear Startup Investor,
There isn’t much that speaks louder than results.
While we sometimes see buzzy startups without them be rewarded, there’s no denying the advantage that startups with them possess.
And this is even more true in the current landscape, where uncertain macroeconomic conditions and the failures of Silicon Valley Bank have cast doubt upon companies’ long-term prospects.
It can be understandably difficult to reach that point for startups that are developing novel technologies. After all, these companies must develop prototypes before they can commercialize them.
However, once the prototype stage has been reached and a startup has demonstrated the viability of the product, a pivotal landmark has been reached.
It’s at that point that demand for a coming innovation can truly be measured.
And when the results are as promising as for this Rhode Island-based startup, which already has more than $8 billion in orders on its docket, it’s safe to say that demand is substantial.
It’s a boat, it’s a plane.
Revisions to the age-old Superman saying aside, REGENT developed a prototype for a mode of transportation that moves across water at the speed of a plane and the operating cost of a boat.
“This mock-up, along with the announcement of our plans to build new state-of-the-art facilities, showcases our growth trajectory and our commitment to begin production as soon as possible,” REGENT co-founder and CEO Billy Thalheimer wrote in the company’s press release.
“Our studies, based on publicly validated data, show that our seagliders serve an $11 billion market that we project to swell to as much as $25 billion as battery technology advances. The $8 billion in orders our company has already received from a variety of companies around the world reflect the need for fast, reliable, and sustainable maritime transportation.”
And this could-be $8-billion success story is an excellent illustration of startups identifying and creating opportunity in places where others may have since moved on.
If REGENT is successful in commercializing this technology, it will stake claim to an entirely new segment of transportation – one with a ceiling that is yet to be seen.
It’s a big reason why this startup has already received backing from such prominent investors as Thiel Capital, Y Combinator, and Mark Cuban and strategic investment from Lockheed Martin, Hawaiian Airlines, and Japan Airlines.
This type of exciting innovation is precisely what makes the startup landscape so appealing.
It’s imperative to stay abreast of the developments throughout all sectors so that we can stay on the cutting edge and ready to jump at the next great opportunity.