Rimac and Porsche are working on a tie up

The Rimac saga continues

Porsche was one of the first major car brands (along with Hyundai and Jaguar) to invest in Rimac Automobili. They currently own 15.5% of the company and, as confirmed by Mate Rimac himself, the Stuttgart-based marque is reportedly looking to increase its stake to a nearly 50%. Furthermore, Porsche is currently taking part in a fundraising round to help Rimac raise between $157 million and $181 million.

Rimac and VW Group have been considering a swap deal for quite some time now. The idea is for Rimac to acquire Bugatti from Volkswagen Group and VW would get a significant share of the company in return.

The Croatian brand is considered a hypercar manufacturer but they're actually focusing on technology and components, more than just cars. "Supercars have a limited market, the market for components is much bigger. That is why we are planning to expand our company," Mate Rimac said. The goal is triple the workforce in the next two years and provide battery packs and powertrains for a growing number of companies.

Rimac got so big so fast because they developed battery technology, not because they made a car. In fact, as things stand, there are four cars that use Rimac powertrains and only one of them is actually made by Rimac (with another one coming soon), the other three being the Pininfarina Battista, Audi e-Tron and Porsche Taycan.

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Comments (13)

  • Good news! After the impressive Taycan debut, one can look forward to more innovations from their collaborative endeavors.

      1 month ago
  • even more things hammond can crash!

      1 month ago
  • Rimac: we have a new car!

    *Hammond enters the room*

    Rimac: stay back! I warn you!

      1 month ago
  • I hate rimac

      1 month ago
  • Electric Bugatti . . eh . . that's gonna be a hard sell. But I can see their point. Bugatti cars are already heavy, so swapping a quad-turbo W16 with a battery pack won't make that much of an impact. As for top speeds, I'm not convinced that an electric car can pull it off.

      1 month ago