Rimac gets 70 million euro, a substantial investment from Porsche

Porsche AG Increases stake in Rimac to 24 Percent

Rimac is known primarily for its own all-electric hypercars, particularly the Concept One, perhaps the first all-electric hypercar, and the latest Concept Two (C Two), which was introduced last year. 

Porsche revealed back in 2018 that it will invest in the EV maker and will be a minority shareholder. The two companies have since been collaborating on electric vehicles for Porsche. 

With so many car manufacturers as the Croatian EV maker customers around the world, it’s important for both companies to keep our independence.

Porsche has been gradually increasing its stake in the Croatian hypercar maker, and today it reported a further €70 million investment to grow its control to 24 percent of the company:

The Porsche collaboration assists the business in developing and growing, which benefits all of our customers.

After gaining early experience in developing battery modules and packs, as well as power electronics, the company has emerged as a producer of components for EV’s in recent years. 

Lutz Meschke, Porsche AG’s deputy chairman of both the executive board as well as a member of the executive board of finance and IT, had the following to say about the news: 

“Rimac is excellently positioned in prototype solutions and small series. Mate Rimac and his team are important partners, especially when it comes to supporting us in the development of components. Rimac is well on its way to becoming a Tier 1 supplier for Porsche and other manufacturers in the high-tech segment.

Porsche has already placed its first orders with Rimac for the development of highly innovative series components,” says Meschke. Both sides will benefit from this enhanced level of cooperation in the future.

CEO Mate Rimac
CEO Mate Rimac

“Mate Rimac inspires us with his innovative ideas. By the same token, he benefits from our know-how in production and methodological expertise in development.”

The company already supplies OEMs such as Koenigsegg and Aston Martin and has a flourishing market.

High-tech modules for electromobility, such as high-performance drives and the battery system, are developed and produced by the Croatian company.  

The Croatian Hyper carmaker is about to begin customer deliveries of its new electric hypercar after having recently begun pre-production, but the companies did not comment on how their partnership is progressing. 

The Porsche Macan electric is believed to become the first-ever Porsche-branded product to be outfitted with Rimac’s technology.

Rimac Concept Two all electric Hypercar
Rimac Concept Two all-electric Hypercar

Source: Press Release