Samson Sky Secures $80 Million for Switchblade Factory as Flying Car Still Needs $20 Million
Updated
Updated · Fox News · Sep 25
Samson Sky Secures $80 Million for Switchblade Factory as Flying Car Still Needs $20 Million
2 articles · Updated · Fox News · Sep 25
Summary
$80 million from Dubai-based Matin Group will fund Samson Sky's push to build its first 180,000-square-foot U.S. production facility for the Switchblade flying car.
Samson has signed a joint investment agreement and begun forming a joint venture, but it still needs another $20 million to fully fund the current production plan.
The production-bound Switchblade differs from the prototype that first flew in November 2023, with fully enclosed wings, tail and propeller in road mode and a roughly three-minute transition to flight mode.
Samson targets summer 2027 for its Builder Assist assembly line, with kit prices starting at $200,000 and early production aimed first at existing reservation holders.
The vehicle would operate under FAA Experimental Amateur-Built rules, meaning owners must complete more than 50% of assembly and hold a private pilot certificate to fly it.