Porsche takes a 10% stake in Croatian EV startup Rimac

Porsche has invested in the Croatian EV startup Rimac Automobili, taking a minority stake of ten percent. As part of its electrification efforts, Porsche is seeking a development partnership with the young company.

Rimac was literally born in a garage in 2009, and showed its Concept_One electric supercar at the Frankfurt Motor Show in 2011. The company presented a new vehicle, the C Two, at this year’s Geneva Motor Show in March. The two-seater produces 2,000 hp, and claims a top speed of 412 km per hour. It has a range of 650 km (on the NEDC cycle), and features a 250 kW fast charging system.

The Zagreb-based company, which has about 400 employees, also manufactures EV powertrain and battery systems for other automakers, and produces e-bikes under its subsidiary Greyp Bikes.


Oliver Blume, CEO of Porsche AG and Mate Rimac, Founder and CEO of Rimac Automobili

“By developing the purely electric two-seaters super sports cars, like the Concept_One or C Two, as well as core vehicle systems, Rimac has impressively demonstrated its credentials in the field of electromobility,” says Porsche Board Member Lutz Meschke. “We feel that Rimac’s ideas and approaches are extremely promising, which is why we hope to enter into close collaboration with the company in the form of a development partnership.”

“This partnership is an important step for Rimac on our way to become a component and system supplier of choice for the industry in electrification, connectivity and the exciting field of Advanced Driver Assistance Systems,” says Rimac CEO Mate Rimac.

 

Source: Porsche