Porsche ups stake in EV hypercar maker Rimac

Porsche now has a 15.5 percent share in Rimac Automobili following the purchase of another 5 percent stake in the Croatian company

Mate Rimac

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.

Related Articles

Richard Aucock
Richard Aucockhttps://www.richardaucock.co.uk/
Richard is director at Motoring Research. He has been with us since 2001, and has been a motoring journalist even longer. He won the IMCO Motoring Writer of the Future Award in 1996 and the acclaimed Sir William Lyons Award in 1998. Both awards are run by the Guild of Motoring Writers and Richard is currently vice chair of the world's largest organisation for automotive media professionals. Richard is also a juror and Steering Committee director for World Car Awards and the UK juror for the AUTOBEST awards.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Find a Car Review

Latest

New Volkswagen ID.Buzz GTX gets 340hp and all-wheel drive

The retro-styled ID. Buzz people carrier is now offered with 340hp, making for an unlikely addition to Volkswagen’s sporty GTX range.

Salon Privé London to host three days of champagne and supercars

Salon Privé London returns to the Royal Hospital in Chelsea next month, with special celebrations of McLaren and the Porsche 911 Turbo.

How to protect your car with an OBD port locking device

We explain how to prevent your car being stolen by criminals targeting its On-Board Diagnostics (OBD) port.

Kia EV9 is World Car of the Year 2024

The Kia EV9 is the latest pure electric car to be named World Car of the Year – and it also scooped the World Electric Vehicle 2024 prize