Samson Sky raises $80M to build its first flying car factory
What's the deal? Samson SkyDealroom has a profile for this one. Try Dealroom →, developer of the Switchblade Flying Car, has secured an $80 million growth equity investment from Dubai-based Matin Group. The funding will bankroll the company's first US production facility, a 180,000ft² plant, as it moves the Switchblade into commercial production.
Why now? The Switchblade completed its official first flight in November 2023. Samson Sky is now pushing into manufacturing to meet demand it says spans 50 countries and all 50 US states.
What's the endgame? The Switchblade is a hybrid-electric vehicle that both drives and flies, seating two plus luggage. It runs on premium auto fuel, fits in a standard garage, and switches from driving to flying configuration in three minutes at the push of a button — targeting regional trips in the 200–500-mile range.
The two companies signed a Joint Investment Agreement and are launching a joint venture to drive the program. Under this framework, an additional $20 million remains to be raised to complete full production funding.
Who's backing it? Matin Group is a family-led investment and holding company headquartered in Dubai, with origins in London. It invests through structured project financing and selective equity participation across the Middle East, Europe, Central Asia, Africa, and North America.
"We are proud to have such a forward-thinking partner as we roll the Switchblade out to the world," said Sam Bousfield, chief executive officer, founder, and chief designer.
What could go wrong? Samson Sky still needs a further $20 million to fully fund production, and the round marks a shift from development to industrial manufacturing — a phase where flying-car ventures have historically stumbled on cost, certification, and scale.
The signal: A step change from a design-stage program to a funded factory build, this deal is a bet that consumer flying cars can move from prototype to production line. Backing from a strategic investor rather than a venture fund signals that patient, execution-focused capital is where the sector's next milestones will be financed.
Read more: 50skyshades.com
Image credit: Generated with Gemini
