REGENT is making a flying electric ferry with a top speed of 180 miles per hour CNBC 1 hr ago Lora Kolodny Boston start-up REGENT is developing an "electric seaglider" that can motor out of a harbor on a hydrofoil, take off at a low speed using the water as a runway, then fly over the waves at a top speed of 180 miles per hour. The company raised $9 million in seed funding from Caffeinated Capital -- an early backer of supersonic jet startup Boom -- Mark Cuban, Peter Thiel's Founders Fund, Y Combinator and others. The company's name is an acronym that stands for Regional Electric Ground Effect Naval Transport.