Porsche takes minority 10% stake in hypercar startup Rimac

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.”