MONTE, a maritime and aviation lessor, and REGENT, a manufacturer of all-electric seagliders for sustainable maritime mobility, have formed a strategic partnership to increase the accessibility of sustainable maritime travel.
Under the agreement, MONTE will purchase up to $300 million 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.
REGENT represents the first original equipment manufacturer (OEM) of MONTE Maritime, a sustainable maritime lessor focused on financing decarbonized vessels. The agreement also signifies a significant commitment in the growing industry for leasing and financing electric vessels, offering a model for future collaborations in this space.
Complete Solution for Operators
MONTE also plans to finance and lease the required infrastructure needed for operating seagliders, including charging networks, battery storage, and any required port infrastructure upgrades.
Timothy Eyre, Chief Operating Officer at MONTE, said; “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 decarbonization of the regional maritime industry.”
Advancing Sustainable Travel
The maritime sector is responsible for 3% of the world’s CO2 emissions. Adopting zero-emissions vessels in coastal transportation and overcoming hurdles to operation will be critical to the global effort to reach net-zero emissions by 2050.
The REGENT-MONTE partnership is a promising step forward to achieving these goals and democratizing access to high-speed sustainable coastal travel.
Adam Triolo, VP of Commercial Business Development at REGENT, said; “With over 600 seagliders sold and our order book continuing to grow, more of our customers are asking for access to affordable operational lease and finance lease facilities.
“Partnering with MONTE allows us to offer our clients decades of finance experience to provide comprehensive financing solutions. We look forward to working with MONTE to advance our shared vision of decarbonizing maritime travel.”
