Croatia’s Rimac Group has received a total of €120 million of investment from Investindustrial. Investindustrial is an European group of independently managed investment, holding and advisory companies with €11 billion of raised fund capital.
The venture capital company is also the controlling stakeholder in the UK’s Morgan Motor Company.
Since investing initially in Rimac in 2021, Investindustrial has been supporting the company by leveraging its deep automotive experience, developed with current and prior investments in Ducati, Aston Martin and Morgan Motors, in order to accelerate the transition to electrification by backing the best available technological solutions for high-performance electric vehicles developed by Rimac Technology.
Founded in 2009 by Mate Rimac, Rimac Group now employs more than 1,300 people. .
In addition to developing its own range of hypercars represented by the Nevera, the fastest-accelerating car on the market, Rimac also recently formed a joint company together with Porsche whereby Bugatti has been contributed into Rimac Groups’ hypercar division.
Mate Rimac, Founder of Rimac, says: “Despite our evolution from garage to global over the last 10 years, we’re only in the early stages of our long-term vision for the Rimac Group. Next, we grow our family of hypercar models, we begin mass production of a number of major OEM electrification projects and we explore the next revolution in transport, all while building our new home in Croatia and rolling out the Nevera to customers all over the world. This latest collaboration with Investindustrial not only secures our future ambitions but allows us to tap into decades of global experience that will help accelerate our vision and deliver it with the kind of precision and innovation that the Rimac Group has become known for.”
Andrea C. Bonomi, Chairman of Investindustrial’s Industrial Advisory Board, comments: “I am proud to collaborate with Rimac and its founder Mate Rimac, a visionary entrepreneur who in just 12 years has established Rimac as a benchmark in the sector, combining the past and future of the automotive industry. As Investindustrial we will put our skills and our international network at Rimac’s service. We want to be a solid, long-term partner in
the implementation of the Group’s cutting-edge technologies, which are fundamental for pursuing the objective of further strengthening its leadership in the electric mobility sector”.
On November 2nd 2021 Bugatti Rimac d.o.o. started operating as one of the two companies under the Rimac Group umbrella, led by Mate Rimac as the CEO, combining Bugatti’s unique brand, heritage and craftsmanship with the Rimac’s agile operations, innovative technology and know-how in the EV space.
Keyword: Rimac Group Receives €120 Mn of Investment From Morgan Motor Owner Investindustrial