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Porsche increases stake in Rimac

Zuffenhausen now owns 24% of electric supercar manufacturer

Porsche has invested further funds in the manufacturer of electric supercars, Rimac Automobili, upping its share from 15% to 24% of the Croatian company. Aside from its own supercar production programme, Rimac also specialises in high-tech components for electromobility, including high-performance drives and battery systems, which has proved most useful to Porsche.

This latest investment is the third time Porsche has sought to intensify its relationship with Rimac, first investing in 2018 and then increasing its stake to 15% in 2019. The recent 9% increase in Porsche’s stake was the result of a cash injection of some 70 million Euros from the Stuttgart sports car manufacturer, which is looking to strengthen its own channels of innovation and production in the realms of electrification of its sports cars.