Porsche strengthens ties with electric supercar startup Rimac in new funding round
by Andrew J. Hawkins from The Verge - All Posts on (#5ZVZD)
Image: Rimac Porsche is strengthening its ties with Rimac, an electric supercar company, by participating in a $500 million investment round for the Croatia-based startup. Porsche didn't disclose the exact amount it invested in Rimac, except to say it was eight figures." And Porsche won't have a controlling interest in Rimac, retaining its previously disclosed 20 percent equity stake in the company.
Over the years, Porsche has grown closer to Rimac, buying shares in the company and setting up a joint venture to run Bugatti after Volkswagen transferred ownership to the startup. Today's investment news is the latest indication that Porsche has a positive perception of Rimac's future. Porsche also owns a controlling stake in Greyp, an electric...