Porsche pours more cash into EV supercar company Rimac

S. Dent@stevetdentJune 1st, 2022In this write-up: supercars, financial commitment, news, equipment, Rimac, funding, Porsche, EVsRimac

Porsche is strengthening its relationship with EV supercar organization Rimac, investing “eight figures” for a whole possession stake of 20 per cent, TechCrunch documented. Rimac scored $500 million in complete, with extra money coming in from financial commitment giants Softbank and Goldman Sachs. All of that is a enormous vote of self confidence in the firm, which has turn into a essential provider and collaborator on EVs created by Hyundai, Porsche and other mainstream automakers. 

Porsche, which invested $83.3 million in Rimac last calendar year, said it can be “delighted” that Rimac has obtained some new, significant-profile buyers. “SoftBank is the most important tech trader in the globe, and Goldman is a extremely large economic trader,” explained Rimac founder and CEO, Mate Rimac. The income will be made use of to create a $200 million Rimac campus in Zagreb, Croatia and bolster the company’s Rimac Technology subsidiary, which models and builds EV pieces for other automakers. 

In spite of the influx of dollars from Porsche, Rimac stated the overall investment decision will assist it continue to be independent. “It’s pretty great for us to have Porsche and Hyundai onboard as shareholders, but we never want to be fully dependent on them,” the CEO described. 

Last calendar year, Rimac established up a joint undertaking with Porsche to operate Bugatti following Volkswagen ceded ownership. The new entity, known as Bugatti Rimac, not too long ago unveiled the 1,914-horsepower Rimac Nevera EV hypercar that will go from -60 MPH in 1.85 seconds and have an believed top rated pace about 250 MPH. Apart from Porsche and Hyundai, Rimac Technology develops and manufactures batteries and other components for Koenigsegg, Pininfarina and Aston Martin. 

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