Samson Sky secures $80 million investment from Matin Group for production of the Switchblade flying car. The funding will be utilized to establish a new production facility in the U.S.
Amount Raised
$80 Million
Round Type
Venture
OregonManufacturingTransportationTravelAutomotiveInvestors
Description
Samson Sky has secured an investment of $80 million from Dubai-based Matin Group to establish their first Switchblade production facility. This agreement marks the beginning of a Joint Venture aimed at accelerating commercial production. With $20 million still needed for full production funding, the partnership represents Matin Group's commitment to innovative businesses. CEO Sam Bousfield emphasizes the significance of their collaboration in advancing the vision of the Switchblade.
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