Porsche to participate in Rimac fundraiser, report says

Porsche will participate in a funding round of Rimac Automobili that will see the electric supercar maker raise 130 million to 150 million euros ($ 157 million to $ 181 million), said Mate Rimac Automotive Europe News sister publication Automobilwoche.

The strategic investment should be completed in two to three months, said Rimac, which founded the electric supercar maker in 2009 Automobilwoche in an interview.

Porsche has a 15.5 percent stake in Rimac Automobili and could nearly raise its interest in a deal that would involve the sibiling transfer of Volchewagen Porsche Group, Bugatti, to Croatian automaker, Automobilwoche said.

Earlier this month, Porsche CEO Oliver Blume said there were intense talks about the future of Bugatti and that Rimac Automobili could play a part because the badges were a good technology, adding that a decision was expected in the first half of 2021.

When asked about the agreement, Rimac said he could not provide further details.

As part of the deeper connection with Porsche, Rimac is expected to expand its role as a supplier of electrical parts to the company, which is concerned about whether or not to install an electric sports super car in the second half of the decade.

Rimac Automobili will be rolling out its electric supercar platform to other manufacturers, including Automobili Pininfarina. He also works with Aston Martin, Koenigsegg, Renault and Hyundai, which have a 14 percent interest in the company.

“The supercars have a limited market, the components market is much bigger. That’s why we plan to expand our company,” Rimac said.

Rimac Automobili is building a new campus near Zagreb that will include an R&D center, test ground, administration and production and be ready by 2023. At that time Rimac Automobili plans to increase its staff to 2,500 out of 1,000.

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