Porsche increases its stake in electric hypercar company Rimac

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In the same week that Porsche launched its first-ever fully-electric supercar in the Taycan, it also increased its shares in Rimac Automobili to 15.5% in a partnership that will lean on expertise to help with the growth of its electrified model range.

Porsche already had a 10% stake in the Croatian hypercar manufacturer and technology company since 2018, but is now strengthening the relationship.

The German OEM is likely to use Rimac’s expertise in vehicle electrification, including powertrains, batteries and other components related to electrification and autonomous driving.

“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,” said Lutz Meschke, deputy chairman of the executive board and chief financial officer of Porsche AG.

As well as benefitting Porsche, the increased investment will also contribute to the development and production of Rimac’s new hypercar, the C_Two. It will enable Rimac to support a greater range and volume of partners with production ranging from advanced powertrains and drivetrains, to industry-leading infotainment and connectivity systems.

“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,” said Rimac Founder and CEO, Mate Rimac.

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