Porsche takes minority 10% stake in hypercar startup Rimac
In a recent announcement, German automaker Porsche has confirmed that it has taken a minority yet significant 10% stake in electric hypercar startup called Rimac.
Rimac is chiefly known for the production of extremely powerful all-electric two-seater hypercars --- the Concept_One and the Concept_Two. The startup’s new partnership with Porsche adds another big name to its shareholders list, which already features some famous names.
With Rimac not just producing all-electric hypercars but also emerging as an electric-vehicle components supplier, Chinese battery firm Camel Group had made a substantial $36 million investment in the startup in 2017.
About the 10% stake which Porsche has just taken in Rimac, the startup’s CEO Mate Rimac said that the move marks “an important step” for the company.
Mate Rimac also highlighted the fact that the new partnership with Porsche comes at a time when Rimac is making advances towards becoming a component and system supplier of choice for automakers making relentless efforts in the fields of electrification, connectivity and Advanced Driver Assistance Systems.
Meanwhile, commenting on Porsche’s decision to take a stake in Rimac, Lutz Meschke -- Porsche’s Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT -- said that Rimac’s all-electric hypercars are an impressive display of its “credentials in the field of electromobility,” and added: “We hope to enter into close collaboration with the company in the form of a development partnership.”
In response to recent reports about the Tesla Semi electric truck prototype having been spotted in Arkansas, Tesla CEO Elon Musk has commented that the truck was driven “across the country alone.”
In one of the noteworthy unveiling at the 2018 Paris Motor Show, a new commercial electric cargo scooter was introduced by Gaius Auto.
According to a recent Reuters report, German automaker Volkswagen AG (VW) is in talks with China-based Didi Chuxing for a possible joint venture.
The electric line-up of Swedish group Volvo Trucks has got a new addition, with the company having recently unveiled an all-electric garbage truck called the ‘Volvo FE Electric.’
Commercial vehicle manufacturer Winnebago, which is largely known for its motorhomes, has announced the launch of a new all-electric RV platform.
With the 2019 Chevy Volt PHEV scheduled for availability this fall, General Motors (GM) has recently announced an upgrade to the vehicle, in order to bring some new features on board.