Porsche Now Owns Nearly a Quarter of EV Manufacturer Rimac
Porsche raises stake in electric hypercar manufacturer Rimac to twenty-four percent, signaling exciting future technological collaborations.
With Porsche’s continual development of electric vehicles, it’s no surprise to see their interest in Rimac Automobili. The company boasts the world’s only lineup of fully electric hypercars. Rimac’s current project, the C_Two, is an all-electric beast producing nearly 2,000 horsepower and capable of sprinting from 0-60 MPH in just 1.85 seconds. If that doesn’t impress you, perhaps the 258 MPH top speed will.
Being at the cutting edge of technology is nothing new to Porsche, so it only makes sense that they turn their eyes to the Croatian EV powerhouse. Porsche recently announced that they have raised their stake in the company to 24% ownership. Porsche does not have any company control. However, they do have a plan. They intend to partner with Rimac in future technological endeavors. Additionally, Porsche intends to source parts from Rimac as well. Though Porsche has no problems producing exciting sports cars, they may be turning to Rimac to produce their incredible batteries and drivetrain components.
Future Tech for Future Cars
“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,†says Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche AG
Again, this partnership is not likely to produce a collaborative car. Rather, based on the verbiage, it seems Porsche is looking to Rimac to help develop and produce electric components for future Porsche cars. This isn’t the first time Porsche has upped their investment in the company. Just last year, they raised their stake to ten percent.
Mate Rimac built the company from the ground up after starting it at the ripe age of 21. Since then, the company has grown to support over 1,000 employees. Rimac also provides components to many other manufacturers. Aston Martin, Koenigsegg, Siemens, and Brembo are among their big customers. Their wide customer base and production of their own vehicles are both reasons why Rimac stresses the importance of them remaining an independent company.
“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. The partnership with Porsche helps the company develop and grow, which is beneficial for all of our customers,” says Rimac.
An Investment in Progress
Porsche’s total investment increase is 70 million euros, or roughly $83 Million USD by the current exchange rate. Porsche says that their previous investments in the EV mastermind have gone “absolutely right” and that the company has increased its value many times over since first getting its financial foot in the door. Porsche also says they are benefitting from Rimac’s strength in innovation. When Porsche is singing praise for your technological advancements, you know you’ve done something right.
We look forward to seeing future collaborations between Porsche and Rimac. If the Taycan and its variants are just a peek into the future, we imagine the whole picture is going to be pretty breathtaking.
Photos: Porsche