Porsche boosts share in Rimac Automobili to 15.5%

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Porsche has increased its stake in Rimac Automobili from 10 to 15.5%, strengthening the established partnership and boosting the EV technology company’s profile as a high-performance Tier 1 supplier.

As Porsche increases the scale of its electrified model range, the partnership will call on Rimac’s expertise in vehicle electrification, including powertrains, batteries and other components related to electrification and autonomous driving.

“Porsche has accompanied Rimac in its positive development for a year,” said Lutz Meschke, deputy chairman of the executive board and chief financial officer of Porsche. “It quickly became clear to us that Porsche and Rimac could learn a lot from each other.”

As well as designing, developing, and manufacturing advanced technologies for various high-performance car brands, Rimac is currently finalizing development of the C_Two ahead of customer deliveries in 2020.

The new hypercar demonstrates the full range of capabilities of Rimac Technologies, with the car and most of its major components designed, engineered and manufactured in-house.

“It was one of the most important milestones in our history to win Porsche as a partner,” added Mate Rimac, founder and CEO at Rimac. “The fact that Porsche is now increasing its stake is the best confirmation of our cooperation and the basis for an even closer relationship.”

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Sam joined the UKi Media & Events automotive team in 2017. Having started out as assistant editor for a number of titles including Engine + Powertrain Technology International, Automotive Testing Technology International and Professional Motorsport World, he was appointed editor of E+PTI in 2020. Sam produces content for both the magazine and website.

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