Porsche Increases Its Stake In Rimac To 15.5 Percent

Porsche already had a 10 percent stake in Rimac Automobili since June 2018, and has just acquired another 5.5 percent in a bid to strengthen their partnership.

The Croatian company, which was founded by Mate Rimac in 2009, has been developing and building components for electric vehicles, as well as its own battery-electric hypercars.

“We believe in what Mate Rimac and his company have to offer, which is why we have now increased our stake and intend to intensify our collaboration in the field of battery technology,” said Lutz Meschke, Deputy Chairman of the Executive Board at Porsche.

Also Read: Audi And Rimac Could Team Up For Electric R8 Successor

Rimac’s latest creation is the C_Two electric hypercar that was first shown at the Geneva Motor Show in 2018. Currently under development, the C_Two will offer a combined 1,972 HP (2,000 PS) from its four electric motors and a top speed of 258 mph (412 km/h).

“The fact that Porsche is now increasing its stake is the best form of confirmation for our collaboration and represents the foundation for an even closer relationship,” said Mate Rimac. “We are only at the start of our partnership – yet we have already met our high expectations. We have many collaborative ideas that we aim to bring to life in the future.”

Rimac is based in Zagreb and employs around 550 people, focusing on battery technologies, electric powertrains and the development of digital interfaces between human and machines (HMI). Development of its new electric hypercar is nearing its final stages and first customer deliveries are expected to take place in 2020.

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  • PK

    i respect this partnership! wtg porsche and rimac!!!!

  • Callanish

    This is a win win for both companies.

  • Six_Tymes

    Porschemac, nah, how about Riorsche, nah, that’s doesn’t sound good either. Wait, i got it, Pormac!!

    I never thought I would see the day when Porsche turns to an outside company for drive-train tech. Times sure have changed, Porsche is NOT the R&D company it once was.

    • Matt

      Porsche has been using VW/Audi engines in their cars for years. Catch up.

      • Bo Hanan

        You know VW/Audi are part of the family and NOT an outside company, right?

        • Matt

          Well obviously. But that’s not the point.

          • Bo Hanan

            What is your point then?

    • alexxx

      When outside company is making world’s best electric cars then yes…everything is possible…

  • bd0007

    It’ll be interesting how competing interests are handled as HMG also has an ownership stake in Rimac.

    • donald seymour

      And that’s why they did it. So competing companies can have a foul taste in their mouths when approaching Rimac. Forcing other companies to do their own RnD which cost time and money.

  • Baeyoung ❂

    I’m really glad to see the Croatians do well in the electric field…I have a Croatian friend to be honest

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