Croatian entrepreneur Mate Rimac’s famed company Rimac Automobili has secured an increase in investment from Porsche, seeing Porsche raise its stake in the company to 15.5 percent.
As Poslovni Dnevnik writes on the 6th of September, 2019, back in June 2018, the giant German sports car maker purchased a 10 percent stake in Rimac Automobili. Increasing Porsche’s stake now strengthens their already established partnership.
As Porsche increases the range of its electrified models, the partnership they have with Rimac Automobili will leverage what Rimac’s enviable expertise in vehicle electrification, including powertrains, batteries, motors and inverters means in the automotive industry.
“Porsche has been following the positive developments from Rimac for a year,” stated Lutz Meschke, Deputy Chairman of the Executive Board and Chief Financial Officer of Porsche AG. “It quickly became apparent to us that Porsche and Rimac could learn a lot from each other. We believe in Mate Rimac and his company, so now we’ve increased our stake and expanded our collaboration in battery technology.”
This Croatian entrepreneur’s journey from his garage to incredible global recognition is an inspiring story of success that has been achieved in less than a decade, and in a country like Croatia, which isn’t known for being the land of hope and glory for budding entrepreneurs. Today, in partnership with the full spectrum of high-performance car manufacturers, his team of 600 people work alongside him to create some of the fastest and most exciting electric road vehicles in the world.
“One of the most important milestones in our history has been to win Porsche as a partner. The fact that Porsche is now increasing its stake is the best confirmation of our cooperation and the basis for an even closer relationship,” said the company’s founder and CEO Mate Rimac.
”We’re just at the very beginning of our partnership – and our high expectations have already been fulfilled. We have many ideas that we want to bring together in the future. The key is to create a win-win situation for both partners and add value to our end customers by developing exciting electric models.”
Increasing Porsche’s stake in Rimac Automobili will contribute to the rapid pace of this company’s overall development, which includes a significant increase in the company’s production.
In addition to designing, developing and manufacturing advanced technologies for a variety of high-performance car brands, Rimac Automobili is currently completing its C_Two car development ahead of production in 2020.
The car will undergo an intensive testing program as part of type approval for distribution across all of the world’s markets.