Rimac Automobili, a relatively niche supplier of high-tech components for electromobility sees more funding and investment from Porsche.

Porsche first invested in the Croatian technology firm back in 2018 with a 10% minority stake. That increased to 15% a year later and now with an investment of 70 million Euro, Porsche will hold 24 per cent of the shares without exercising a controlling influence.

“Mate Rimac and his team are important partners, especially when it comes to supporting us in the development of components. Rimac is well on its way to becoming a Tier 1 supplier for Porsche and other manufacturers in the high-tech segment. Porsche has already placed its first orders with Rimac for the development of highly innovative series components,” said Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche, Lutz Meschke.

Porsche has for many years been stepping up investment in young companies with potential. It currently has stakes in more than 20 start-ups and eight venture capital funds. “Our investment in Rimac has turned out to be absolutely right,” Meschke says.

“Porsche has been a big supporter of our company since 2018, and it has always been a privilege to have one of the world’s most iconic sports car brands be a part of Rimac,” says CEO and founder, Mate Rimac.

“We’re proud to work together on exciting new electrified products. With many car manufacturers across the world being Rimac customers, it is important, both for Rimac and Porsche, that we remain an entirely independent business,” adds Rimac. The company has also been engaged for projects by automakers such as Hyundai, Ferrari, Mercedes-Benz and Aston Martin.

Rimac Automobili is also launching their own EV vehicle which is designed to have close to 2,000 hp and 2,300 Nm of torque. The four-motor two-tonne electric hypercar is targeted hit the century sprint benchmark in under two seconds, onwards to a top speed of 412 km/h.  

Limited to just 150 examples, the Rimac C_Two EV hypercar with a range of 550 kilometres will begin production this year at its new production facility located in Veliko Trgovišće, Croatia.