Porsche buys a stake in Rimac

Porsche has taken a stake electric hypercar company Rimac Automobile and its subsidiary Greyp Bikes

Rimac C_Two - front

Porsche has bought a minority stake in performance electric car brand Rimac, the company behind the company behind the Concept One hypercar. In a statement, Rimac said that the deal aims to support its positioning as a leading EV technology supplier and high-performance electric vehicle manufacturer.

Croatia-based Rimac was founded in 2009 by CEO Mate Rimac and has grown to employ 400 people on the outskirts of Zagreb. Its subsidiary Greyp Bikes, which is also included in the Porsche partnership, is based at the same location and is developing an electric bicycle. In the wake of the Porsche deal, Mate Rimac remains Rimac’s majority shareholder. 

Paris Motor Show 2018 preview

Rimac is best know for its Concept One hypercar which employs a 1,270bhp electric motor to deliver a claimed 0-62mph time of 3.3 seconds and a 221mph top speed. This was followed-up by the lighter and more powerful Concept S at the 2017 Geneva Motor Show and at Geneva 2018 we were treated to the Rimac C_Two, the successor to the Concept One, with its 1,888bhp drive system. 

Porsche is making the leap into the EV market with its own Taycan sports car based on the Mission E concept but it will be looking to tap in to Rimac’s expertise in this area under the new deal. 

Best electric cars on sale

Speaking about the tie-up with Porsche, Mate Rimac said: “Entering the collaborative partnership with Porsche AG is an important step in our strategy to become a leading EV technology supplier to the global OEMs. We are delighted to have gained a high level of trust from our investors, partners and customers and are looking forward to continue working on exciting projects with our clients across the automotive industry.”

Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche explained his company’s position. “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.”

What will the deal with Rimac mean for the future of Porsche EVs? Let us know your thoughts below...

Recommended

Fastest Nurburgring lap times 2021
Porsche 911 GT2 Manthey Racing Nurburgring
Best cars & vans

Fastest Nurburgring lap times 2021

Check out the top 10 fastest production cars around the fearsome Nurburgring Nordschleife circuit in Germany
25 Jun 2021
Porsche unveils next-generation PCM infotainment system with Android Auto 
Porsche Communication Management 6.0 911
Porsche

Porsche unveils next-generation PCM infotainment system with Android Auto 

Porsche’s sixth-generation touchscreen will be rolled out across the firm’s line-up, adding new connectivity features and natural voice control
17 Jun 2021
Classic Porsche 914 reborn with Cayman running gear
Porsche 914 reimagined - front
Porsche

Classic Porsche 914 reborn with Cayman running gear

The reimagined Porsche 914 features a host of chassis upgrades and the same 3.4-litre flat-six engine as the Mk2 Cayman
14 Jan 2021
Classic Porsche 914 reborn with Cayman running gear
Porsche 914 reimagined - front
Porsche

Classic Porsche 914 reborn with Cayman running gear

The reimagined Porsche 914 features a host of chassis upgrades and the same 3.4-litre flat-six engine as the Mk2 Cayman
14 Dec 2020

Most Popular

Land Rover unveils limited-run Defender Trophy Edition
Land Rover unveils limited-run Defender Trophy Edition - front
Land Rover Defender

Land Rover unveils limited-run Defender Trophy Edition

Just 220 examples will be built to honour past Camel Trophy Land Rovers, all of which have been reserved for the North American market
30 Jul 2021
New 2021 Volkswagen Taigo coupe-SUV breaks cover
Volkswagen Taigo R-Line - front
Volkswagen Taigo

New 2021 Volkswagen Taigo coupe-SUV breaks cover

The new VW Taigo is a sportier, more aggressive looking version of the brand’s T-Cross and is aimed at lifestyle buyers
29 Jul 2021
New 2021 Kia EV6 boasts up to 328 miles of range
Kia EV6 - front
Kia EV6

New 2021 Kia EV6 boasts up to 328 miles of range

Kia reveals more specs for its bespoke electric car, with the EV6 offering long range and an 18-minute 80 per cent rapid recharge time
21 Jul 2021