Porsche is strengthening its relationship with rimac, a Croatian start-up, through a $500million investment Porsche did not disclose the specific amount of investment in rimac, but only said "8 digits". Porsche will not hold a controlling stake in rimac, and it will retain the 20% stake previously disclosed.
Over the years, Porsche and rimac After Volkswagen transferred its ownership to the start-up company, Porsche bought the shares of rimac and set up a joint venture to operate Bugatti. Today's investment news is the latest sign that Porsche has a positive view on the future of rimac. In addition, Porsche also owns a controlling stake in greyp, an electric mountain bike company founded by rimac CEO mate rimac.
Lutz meschke, vice chairman of the Executive Board of Porsche and member of the Executive Board of Finance and it, said: "we are very pleased that rimac has received outstanding new investors. We are optimistic about the sustainable development of this exciting company." Other investors include Softbank's vision fund 2 and Goldman Sachs asset management.
Rimac was founded in 2009 by mate rimac in a garage, when there was only one person. In the past few years, the company has become a very popular brand. Many old car manufacturers, including Porsche, Hyundai and Bugatti, have called on the start-up company to help make their own electric supercar.
Last year, rimac released nevera, a four engine sports car that can output up to 1914 horsepower, has a top speed of 258 miles per hour, and can accelerate 100 kilometers in less than two seconds. Nevera is expected to become the fastest sports car in history, a title previously won by Bugatti Chiron.
Rimac plans to use this fund to add 200 employees in 2022 and invest in expanding the production capacity of large-scale projects. Rimac is a small volume manufacturer that currently produces only a few cars per month. It is reported that the company has set an upper limit of 150 sets for nevera.
Nevertheless, mate rimac said in a statement that he "has ambitious growth plans for the next few years", and at the same time he particularly thanked Porsche for its trust in him.