Porsche could increase its stake in Rimac to almost 50%

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FRANKFURT – Volkswagen Porsche participates in a financing round from Rimac Automobili, in which the maker of electric supercars will raise 130 to 150 million euros (157 to 181 million US dollars), its owner Mate Rimac announced weekly Automobile week.

The fundraiser should be completed in two to three months. Another round is planned for the end of the year, Rimac told the journal.

Porsche has a 15.5% stake in Rimac Automobili and could increase its stake to almost 50%. This also includes the transfer of the Volkswagen supercar brand Bugatti to Rimac. Automobile week said.

Volkswagen and Rimac were not immediately available for comment on Sunday.

Porsche CEO Oliver Blume said earlier this month that intense discussions were underway about the future of Bugatti and that Rimac could play a role as the brands have a good technological fit, adding that a decision is expected in the first half of 2021 will.

Rimac has developed an electric supercar platform that it supplies to other automakers, including Automobili Pininfarina.

“Supercars have a limited market, the market for components is much larger, so we plan to expand our business,” said Rimac Automobile week.

These include plans to more than double Rimac Automobili’s workforce from its current 1,000 to 2,500 by early 2023, he said.

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