Saturday, April 10, 2021
News Porsche To Inject More Funds Into Electric Supercar Maker Rimac

Porsche To Inject More Funds Into Electric Supercar Maker Rimac

Rimac’s future is looking secure thanks to dealings with Porsche and Volkswagen


  • 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.

Rimac C_Two EM Testing | Photo: Rimac

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.

Bugatti Chiron Sport Les Légendes du Ciel | Photo: Bugatti

Trending Now

Mercedes-Benz Reveals More EQS Tech Specs

523 hp to start, more to come 107.8 kWh usable from larger new battery pack Mercedes-Benz might not be quite ready to reveal the...

Alfa Romeo Tonale Introduction Delayed For Failing To Impress CEO

New CEO, Jean-Philippe Imparato, wants more performance. The Alfa Romeo Tonale was introduced at the 2019 Geneva Motor Show. The Tonale won’t launch...

Behold The 2024 GMC Hummer EV SUV

The 2024 GMC Hummer EV SUV was unveiled in a commercial during the NCAA Final Four. Four trim levels available with output ranging...

2022 Toyota GR 86 Revealed In Japan

The 2022 Toyota GR 86 will hit dealerships in Japan in the fall of 2021. Equipped with a 2.4L flat-four engine with 232...

Porsche Ran 911 GT3 5,000 km at Top Speed, 20,000 Hours of Engine Tests

A look at the extensive testing that goes into every GT3 Road car and Cup car use same engine, similar aero packs How do...
Matt St-Pierre
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.