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Porsche boosts share in Rimac Automobili to 15.5%

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Porsche has increased its stake in Croatian hypercar creator and technology powerhouse, Rimac Automobili to 15.5%.

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As Porsche increases the scale of its electrified model range, the partnership will call on Rimac's expertise in vehicle electrification, including powertrains, batteries and other components related to electrification and autonomous driving.

“Porsche has accompanied Rimac in its positive development for a year,” said Lutz Meschke, Deputy Chairman of the Executive Board and Chief Financial Officer of Porsche AG. “It quickly became clear to us that Porsche and Rimac could learn a lot from each other. We are convinced of Mate Rimac and his company, so now we have increased our stake and are expanding our cooperation in battery technology.”

Founder Mate Rimac (31) started developing his vision of a fast, electrically powered sports car in a garage in 2009. Rimac unveiled his most recent electric car, the C Two, at the Geneva International Motor Show in March 2018. The two-seater vehicle generates almost 2,000 PS and reaches a top speed of 412 kilometres per hour. It boasts a range of 650 kilometres (NEDC) and can recharge 80% of its full battery capacity within half an hour thanks to a 250 kW fast charging system. The company also develops and produces high-performance electric drives and battery systems.

“It was one of the most important milestones in our history to win Porsche as a partner. The fact that Porsche is now increasing its stake is the best confirmation of our cooperation and the basis for an even closer relationship,” said Rimac Founder and CEO, Mate Rimac. “We are just at the beginning of our partnership - and yet our high expectations have already been met. We have many ideas that we want to action together in the future. The key is to create a win-win situation for both partners and to add value to our end customers by developing exciting electrified models.”

The latest investment will contribute to the rapid pace of development at Rimac, which includes the significant scaling-up of its high-performance component production. This move will enable the business to support a greater range and volume of partners with production ranging from advanced powertrains and drivetrains, to industry-leading infotainment and connectivity systems.

As well as designing, developing, and manufacturing advanced technologies for various high-performance car brands, Rimac is currently finalising development of the C_Two ahead of customer deliveries in 2020. The car will undergo an extensive programme of crash-testing as part of its homologation for distribution in all global markets.

The rapidly growing company based in Zagreb employs a workforce of around 550. Rimac focusses on battery technology within the high-voltage segment, electric powertrains and developing digital interfaces between humans and machines (HMI). The company also develops and produces electric bikes. This strand of the business was established in 2013 in the form of the sister company Greyp Bikes.


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Porsche boosts share in Rimac Automobili to 15.5%
Modified on Friday 6th September 2019
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