Regent Announce “USD300 Million Collaboration with Monte Maritime to Increase Accessibility of Sustainable Marine Travel”

Regent, the devel­op­er of elec­tric sea­planes and Monte Mar­itime, a marine and avi­a­tion lessor, announced this week at the U.S CoMo­tion Mia­mi Cen­tre, a new strate­gic col­lab­o­ra­tion to increase the acces­si­bil­i­ty of sus­tain­able mar­itime trav­el, reports a press release.  

Under the agree­ment, Monte is to pur­chase up to USD300 million’s worth of Regent’s new high-speed, zero-emis­sions coastal ves­sels and pro­vide leas­ing and financ­ing options of the 12-pas­sen­ger Viceroy and 100-pas­sen­ger Monarch seaglid­ers to cus­tomers.  

The release explains, “Regent rep­re­sents the first OEM (Orig­i­nal Equip­ment Man­u­fac­tur­er) for Monte Mar­itime, a com­pa­ny focused on financ­ing decar­bonised ves­sels. The agree­ment also sig­ni­fies a major com­mit­ment in the grow­ing indus­try for leas­ing and financ­ing elec­tric ves­sels, offer­ing a busi­ness mod­el for future col­lab­o­ra­tions.”   

Adam Tri­o­lo, VP of Com­mer­cial Busi­ness Devel­op­ment at Regent, remarked, “With over 600 seaglid­ers sold and the order book con­tin­u­ing to grow, more of our cus­tomers are ask­ing for access to afford­able oper­a­tional lease and finance lease facil­i­ties.” He con­tin­ued, “Part­ner­ing with Monte allows us to offer our clients decades of finance expe­ri­ence to pro­vide com­pre­hen­sive financ­ing solu­tions. We look for­ward to work­ing with the com­pa­ny to advance our shared decar­bon­is­ing vision of mar­itime trav­el.”  

1/4 Scale Regent Seaglid­er Pro­to­type

Monte also plans to finance and lease the required infra­struc­ture need­ed for oper­at­ing seaglid­ers, includ­ing charg­ing net­works, bat­tery stor­age and any oth­er required port frame­work upgrades.

Tim­o­thy Eyre, COO at Monte, com­ment­ed, “We will pro­vide a full turn-key solu­tion, through ves­sel and infra­struc­ture financ­ing, for oper­a­tors look­ing for zero-emis­sions trav­el. Work­ing togeth­er to offer an easy-to-oper­ate, full-pack­age elec­tric trans­port solu­tion will help to accel­er­ate the much-need­ed decar­bon­i­sa­tion of the region­al mar­itime indus­try.”  

The mar­itime sec­tor is respon­si­ble for three per­cent of the world’s CO2 emis­sions. Adopt­ing zero-emis­sion ves­sels in coastal trans­porta­tion and over­com­ing hur­dles to oper­a­tion, will be crit­i­cal to the glob­al effort to reach net-zero by 2050. This col­lab­o­ra­tion “is a promis­ing step for­ward to achiev­ing these goals and democ­ra­tis­ing access to high-speed sus­tain­able coastal trav­el.”    

Back­ground

Monte is a glob­al asset man­ag­er led by a team that has arranged over USD25 bil­lion of trans­porta­tion assets dur­ing the last 30 years. The com­pa­ny was found­ed with the sole ambi­tion of financ­ing sus­tain­able region­al trans­porta­tion.

For more infor­ma­tion

https://www.regentcraft.com/

https://www.montecleantech.com/

https://www.comotionmiami.com

(Top image: Bil­ly Thal­heimer, co-Founder and CEO of Regent, along­side Tim­o­thy Eyre, sign­ing the agree­ment at the CoMo­tion Mia­mi Cen­tre)

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