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Porsche has increased its stake in hypercar creator and technology powerhouse, Rimac Automobili to 15.5 percent. In June 2018, the German sports car manufacturer purchased a 10 percent stake in Rimac. The additional investment from Porsche aims to further strengthening the established partnership.

Rimac C_Two Hypercar

"Porsche has accompanied Rimac in its positive development for a year," said Lutz Meschke, Deputy Chairman of the Executive Board and Chief Financial Officer of Porsche AG. "It quickly became clear to us that Porsche and Rimac could learn a lot from each other. We are convinced of Mate Rimac and his company, so now we have increased our stake and are expanding our cooperation in battery technology."

"It was one of the most important milestones in our history to win Porsche as a partner. The fact that Porsche is now increasing its stake is the best confirmation of our cooperation and the basis for an even closer relationship," said Rimac Founder and CEO, Mate Rimac. "We are just at the beginning of our partnership - and yet our high expectations have already been met. We have many ideas that we want to action together in the future. The key is to create a win-win situation for both partners and to add value to our end customers by developing exciting electrified models."

The latest investment will contribute to the rapid pace of development at Rimac, which includes the significant scaling-up of its high-performance component production. This move will enable the business to support a greater range and volume of partners with production ranging from advanced powertrains and drivetrains, to industry-leading infotainment and connectivity systems.

Rimac Automobili was founded in 2009 by Mate Rimac, converting his first Guinness-World-Record breaking electric car in a garage. Today, Rimac develops and manufactures key electrification systems for many global automotive companies, and at the same time, raises the bar for performance EVs with their own electric hypercars. This technology powerhouse with headquarters on the outskirts of Zagreb, Croatia, employs around 600 people, with plans for strong future growth. The company is vertically integrated with many of the components produced in-house.

The next challenge is to grow from a low volume manufacturer of complex high-end electrification components, to an established Tier-1 supplier for the industry. Rimac plans to open new high-volume production lines for battery packs, powertrain systems and the C Two hypercar for production starting in 2020 at a new facilities currently being established.

Rimac Automobili is one interesting company to observe, they are not just any boutique manufacturers that make hypercars but they are trying to be a vertically integrated technical powerhouse of the e-mobility industry. They even have a e-bike company called Greyp Bikes. Elon Musk aside, Mate Rimac the founder of Rimac Automobili is proving to be another prominent person in the industry.

Source: Autocar Professional