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