Porsche To Inject More Funds Into Electric Supercar Maker Rimac

• Porsche already has a 15.5% stake in the company.

• Their new investment could raise their stake to nearly 50%.

• Part of the deal could be transferring Bugatti to Rimac.

Rimac Automobili is best known for being the make of the car Richard Hammond famously crashed nearly four years ago. Despite this setback, which probably turned to be a “good” thing for the brand, Rimac’s seen interest in its product grow tremendously also thanks in large part to Volkswagen Auto Group’s Porsche who are about to increase their stake in the company.

The VAG and Porsche’s interest in Rimac began in June of 2018 when they purchased 10% of the company. Just over a year later, in September of 2019, they boosted the number to 15.5%. By the same month in 2020, rumours about VW handing Bugatti over to Rimac in exchange for an even greater share began.

Now, according to Reuters, Porsche is about to finalize a deal with Rimac that could include Bugatti and raise Porsche’s stake in the Croatian electric supercar maker to nearly 50%. They’ve developed an electric supercar platform that companies like Automobili Pininfarina and others have purchased.

“Supercars have a limited market, the market for components is much bigger. That is why we are planning to expand our company,” Rimac told Automobilwoche.