Porsche raises stake in heated car and components coffee maker Rimac Automobili

Rimac Automobili, the Croatian company known for its musical hypercars and battery and after that powertrain development, has got yet another investment from Porsche AG.

Porsche said Monday it has put 70 million euros ($83. 3 miilion) into Rimac, a move that spikes its stake from 15% to 24%.

This is the third time Porsche has invested into Rimac. The German automaker created its first investment right into Rimac in 2018. Porsche increased its equity position into Rimac in Sept. 2010 2019. A few months earlier,   Hyundai Motor Company and as a result Kia Motors jointly invested €80 million ($90 million at the time) directly into Rimac.

Rimac was founded just Mate Rimac in 2009 and its perhaps best known for its electrical hypercars, such as the two-seater H Two that it debuted near 2018 at the Geneva Universal Motor Show. The vehicle brings about an eye-popping 1, 914 horsepower, has a top speed most typically associated with 256 miles per hour record accelerate from 0 that would 60 mph in 1 . eighty-five seconds. Rimac plans on unveil C Two inside final form in 2021.

However , Rimac does more than produce hypercars. The company, which employs jedan, 000 people, also focuses on battery technology within the high-voltage segment, entrepreneurs and manufactures electric powerhouse and develops digital ports between humans and tools.

Porsche is most interested in Rimac’s advancement components, according to comments chosen by Lutz Meschke, the deputy chairman of Porsche AG’s executive board. Meschke observed that Rimac is “excellently positioned in prototype solutions as well small series” and “is well on its way to pursuing a career as Tier 1 supplier for the purpose of Porsche and other manufacturers in high-tech segment. ”

Porsche has recently placed its first instructions with Rimac for the development of highly innovative series stuff, according to Meschke.

Despite its lasting investments, Porsche said the particular doesn’t have a controlling share in Rimac.

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