Porsche has increased its stake in Rimac Automobili to 15.5 percent following the purchase of an additional 5 percent share of the Croatian electric hypercar firm.
The German sports car company is strengthening its partnership following its initial investment in Rimac back in June 2018.
“It quickly became clear to us that Porsche and Rimac could learn a lot from each other,” said Lutz Meschke, Porsche AG CFO.
“We are convinced of Mate Rimac (pictured above) and his company, so now we have increased our stake and are expanding our cooperation in battery technology.”
As Porsche scales up its electric car portfolio, it will increasingly harness Rimac’s expertise in EV powertrains, batteries and other components related to electrification.
Porsche also plans to utilise Rimac’s expertise in autonomous driving.
Founder Mate Rimac remains CEO of the firm, which today employs 600 people. “It was one of the most important milestones in our history to win Porsche as a partner,” he said.
“The fact that Porsche is now increasing its stake is the best confirmation of our cooperation and the basis for an even closer relationship.”
Porsche’s investment will speed up development capabilities at Rimac, so it can support other automotive companies. It will also help the firm launch its new C_Two electric hypercar, which it describes as the most technologically advanced model ever launched.
Final development is now underway, ahead of customer deliveries beginning in 2020.