On March 8th, 2021, the Porsche Supervisory Board agreed to add a 70 million Euro investment to Rimac Automobili, increasing Porsche’s stake from 15% to 24%.
Porsche has been investing in this young Croatian company since 2018, and in September 2019, Porsche increased its stake in Rimac to 15%. This new round of investment further strengthens the strategic partnership between Porsche and Rimac.
Founder Mate Rimac, born in 1988, has been a car enthusiast since childhood. His electric vehicle career began when he installed an electric drive system on his own BMW E30 M3 to win local races.
Rimac, named after the founder’s surname, was founded in 2009 and specializes in the production of high-performance electric vehicle components, including drive systems and battery packs. Rimac is also about to mass-produce its own self-developed pure electric supercar, the Rimac C_TWO.
Rimac is very outstanding in the field of prototype development and small-batch production, and plays a crucial role in Porsche’s research and development of parts. Rimac is also about to become a Tier 1 supplier for Porsche and other high-tech fields. Rimac’s customer list also includes Hyundai, Kia, Aston Martin, Bugatti, and Koenigsegg. Through further cooperation, Porsche will benefit from Rimac’s innovation capabilities, while Rimac can gain valuable production experience and research methodology from Porsche.🔗 Source: Porsche, Rimac Automobili
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.