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Porsche buys 10% stake in electric car maker Rimac Automobili

ABR Staff Writer Published 22 June 2018

German sports car-maker Porsche has acquired a minority interest in Crotian electric car company Rimac Automobili and its subsidiary Greyp Bikes.

Founded in 2009, Rimac Automobili makes electric super sports cars and develops as well as manufactures electric vehicle components and battery systems.

The investment from Porsche is expected to accelerate technologies at Rimac and its subsidiary Greyp Bikes.

Since its establishment, Rimac has positioned itself as a provider of EV solutions for global automotive manufacturers and has also been in the development of high performance electric vehicles. Its subsidiary Greyp Bikes offers advanced electric bicycles.

Rimac said entering into a collaborative partnership with Porsche is an important step in the company’s strategy in becoming a leader in EV technology supplier.

Rimac Automobili founder and CEO Mate Rimac said: “In less than a decade we have built up a comprehensive know-how in developing high-performance electric powertrain and battery technology, innovative infotainment and telemetry systems and many other core vehicle systems.

"Our hypercars are at the pinnacle of technology, redefining the idea of the supercar. Still, building a serious automotive supplier and niche sportscar manufacturer is a lifetime challenge and we still have a long way to go.”

Rimac recently showcased its latest electric hypercar, the ‘C Two’ at the Geneva Motor Show held this March. The two seater vehicle is claimed to be produce 2000hp and can reach to a top speed of 412km per hour.

It has a range of 650km (NEDC Cycle) and can achieve 80% battery charge in 30 minutes through a 250kW fast charging system.

Porsche executive board deputy chairman and executive board member Finance and IT Lutz Meschke said: “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.

“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.”

Image: Oliver Blume, CEO of Porsche AG and Mate Rimac, Founder and CEO of Rimac Automobili. Photo: Courtesy of The Autofocus.