Samson Sky Secures $80M to Support Flying Car Production

Samson Sky secures $80M to support flying car production

Samson Sky has secured investment worth $80 million from Dubai-based Matin Group to support production of its Switchblade flying car.

Samson Sky raises $80m to fund flying car production

Image: Samson Sky US flying car developer Samson Sky has secured an $80m investment from Dubai-based Matin Group to build its first production facility for its road-going aircraft, the Switchblade. The 180,000 sq ft facility will be located in an undisclosed US location and is part of a new joint venture between the two companies. Samson Sky said a further $20m still needs to be raised to reach full production funding. The Switchblade is a two-s…

Samson Sky Secures $80 Million Investment for Switchblade Production

Samson Sky has secured an $80 million investment from Dubai-based Matin Group to support the planned production of its Switchblade flying car, with the company preparing to establish its first manufacturing facility in the US. The Oregon-based company said the investment forms part of a Joint Investment Agreement with Matin Group, with the two companies

Samson Sky secures USD80M to establish US production facility

Samson Sky, manufacturer of the Switchblade Flying Car, has secured an investment of USD 80 million from Dubai-based Matin Group. The funds will be used to establish Samson Sky’s first 180,000 square foot Switchblade production facility, to be located in the United States. Samson Sky has also signed a joint investment agreement with the Matin Group, and the two companies have begun setting up the joint venture to accelerate into commercial production, with USD 20 million still remaining to be raised for full production funding. With seating for two plus luggage, the Switchblade Flying Car is a hybrid-electric driving and flying vehicle. It runs on premium auto gas, fits in a standard garage and is driven to a nearby airport using standard roads. Switchblade had its first successful flight in November 2023. Matin Group is a privately held, family-led investment and strategic holding group headquartered in Dubai, United Arab Emirates, with origins in London. The group maintains an international outlook with activities spanning the Middle East, Europe, Central Asia, Africa, and North America. For more information Samson Sky