Porsche buys a 10% stake in Rimac

Porsche has taken a 10% stake electric hypercar company Rimac Automobile and its subsidiary Greyp Bikes.

Porsche and Rimac are expected to work together on emerging electric tech.

Porsche has bought a minority stake in performance electric car brand Rimac, the company behind the company behind the Concept One hypercar.

 

Porsche has bought a 10% stake in Croatian electric hypercar maker Rimac for an undisclosed amount. 

Croatia-based Rimac was founded in 2009 by CEO Mate Rimac and has grown to employ 400 people on the outskirts of Zagreb. Its subsidiary Greyp Bikes, which is also included in the Porsche partnership, is based at the same location and is developing an electric bicycle. In the wake of the Porsche deal, Mate Rimac remains Rimac’s majority shareholder.  

 

 

Rimac is best know for its Concept One hypercar which employs a 1,270bhp electric motor to deliver a claimed 0-62mph time of 3.3 seconds and a 221mph top speed. This was followed-up by the lighter and more powerful Concept S at the 2017 Geneva Motor Show and at Geneva 2018 we were treated to the Rimac C_Two, the successor to the Concept One, with its 1,888bhp drive system.

The move is announced as Porsche gears up to launch the Taycan, its first full-electric car, amid an industry shift towards full electrification. 

It’s thought that Porsche made the investment with the aim of using Rimac’s electric powertrain technology in its future models, while it will help Rimac grow by supplying its powertrain and technological components to other companies. 

 

 

Porsche’s announcement focused on Rimac’s expertise in high-voltage battery tech and EV powertrains that it stands to gain from the deal. Rimac CEO Mate Rimac said: “This partnership now is an important step for Rimac on our way to become a component and system supplier of choice for the industry in electrification, connectivity and the exciting field of advanced driver assistance systems.”

 

The Taycan arrives in 2020 and will be available in several variants, based on a shared architecture named J1. It’ll be Porsche’s first EV in its 70-year history, although the brand will increase its zero-emissions offerings over time, culminating in its core model, the 911, going electric. 

 

Mini, Vauxhall, BMW, Skoda, Seat and others are all preparing to launch electric-only cars in the coming two years, either as derivatives of existing models or stand-alone vehicles in their own right. 

 

Source: Autocar, 2018

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Wednesday Jun 20, 2018