What Happened
Dubai Investor Backs US Flying Car Startup
Samson Sky, a US-based flying car manufacturer, has secured an $80 million investment from Dubai’s Matin Group to support the production of its Switchblade flying car. The funds will be used to build a 180,000 square foot production facility, with the company aiming to accelerate into commercial production. Samson Sky’s CEO, Sam Bousfield, noted that an additional $20 million is still needed to achieve full production funding. The Switchblade, which had its first successful flight in November 2023, is a hybrid-electric vehicle designed for two people and their luggage. This development was first reported by AeroTime.