Porsche AG has agreed to increase its stake in Rimac Automobili from 15 to 24 percent. The Croatian company develops and produces high-tech components for electromobility, including high-performance drives and battery systems. It also produces electrically powered super sports cars.
Porsche joined the young technology and sports car company as an investor in 2018 and increased its stake to 15 per cent in September 2019. The latest capital increase illustrates the expansion of the strategic partnership. Porsche is also investing an additional 70 million Euros.
Mate Rimac founded the company named after him in 2009 at the age of 21.
Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche AG., says: “Mate Rimac and his team are important partners, especially when it comes to supporting us in the development of components. Rimac is well on its way to becoming a Tier 1 supplier for Porsche and other manufacturers in the high-tech segment. Porsche has already placed its first orders with Rimac for the development of highly innovative series components.”
Company founder, Mate Rimac, adds: “Porsche has been a big supporter of our company since 2018, and it has always been a privilege to have one of the world’s most iconic sports car brands be a part of Rimac,” he says. “We’re proud to work together on exciting new electrified products. With many car manufacturers across the world being Rimac customers, it is important, both for Rimac and Porsche, that we remain an entirely independent business. The partnership with Porsche helps the company develop and grow which is beneficial for all of our customers.”
Based in Sveta Nedelja near Zagreb, Rimac has a workforce of nearly 1,000. The company designs, develops and manufactures electric hypercars with up to 2,000 hp and a top speed of more than 400 km/h. The company also supplies technologies and systems to several well-known manufacturers of electric cars.
Keyword: Porsche Raises Stake in Rimac Automobili From 15 to 24 Percent