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Porsche purchases 10% stake in electric supercar maker Rimac

Tuesday, June 26, 2018

Article by Damon Lowney
Photo courtesy Rimac

Above: Rimac C Two

If you watched the latest season of “The Grand Tour,” you probably saw the episode in which host Richard Hammond crashed a stupendously powerful electric supercar after the finish of a hillclimb. That car was the Rimac Concept One, heralded for its technology and performance. Porsche recently announced it has purchased a 10% stake in the company, forming a partnership to co-develop electric vehicle technology.

Rimac’s founder, Mate Rimac, started the Croatian company in his garage in 2009. Since then, Rimac has produced the Concept One, and its second production vehicle, the nearly 2,000-horsepower C Two, is far along its development path.

“By developing the purely electric two-seaters super sports cars, like the ‘Concept One’ or ‘C Two’, as well as core vehicle systems, Rimac has impressively demonstrated its credentials in the field of electromobility”, says Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche.

With that vote of confidence, you can expect technology co-developed by Porsche and Rimac in a Porsche in the future.

“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”, explains Rimac’s CEO Mate Rimac.

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