Porsche increases stake in Croatian EV maker Rimac

The German automaker intends to learn from Rimac's powertrain and battery expertise.

Porsche has increased its stake in Rimac, investing an undisclosed sum to own 15.5 percent of the Croatian startup.

The latter company focuses on electric hypercars, culminating in the C Two which boasts nearly 2,000 horsepower and can hit speeds of up to 256 mph. The car has an NEDC-estimated range of more than 400 miles and can charge to 80 percent in 30 minutes.
"We believe in what Mate Rimac and his company have to offer, which is why we have now increased our stake and intend to intensify our collaboration in the field of battery technology," said Porsche deputy chairman Lutz Meschke.
Rimac has embraced a unique strategy in developing its own performance cars and also partnering with established automakers. The company has helped Koenigsegg develop battery packs and power distribution units. In return, the Swedish supercar builder has supported Rimac with structural composites and experience with low-volume production.

Read more!