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.