• Porsche’s Huge $83 Million Investment In Rimac Could Make For An Interesting Future

The German automaker wants to tap into Rimac’s technical expertise

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Porsche has raised its ownership stake in Rimac, going from owning a minority share of 15.5 percent to 24 percent. The deal cost Porsche €70 million, or around $83.2 million based on current exchange rates. This is the third time the German automaker has invested in its Croatian company. Back in 2018, Porsche secured a 10 percent minority stake in Rimac before that share grew to 15.5 percent in 2019. Other automakers have also bought into Rimac, specifically Hyundai and Kia. The two Korean brands invested €80 million, or around $95.1 million, as part of a technical partnership that would give birth to a pair of high-performance electric vehicles.

2019 Rimac C Two Exterior
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Porsche’s 24-percent stake in Rimac still doesn’t give it controlling interest in the Croatian automaker.

What it does is give Porsche more access to Rimac’s proprietary technologies

, something Lutz Meschke, deputy chairman of Porsche AG’s executive board hinted at in the statement announcing Porsche’s new round of investments into Rimac.

Meschke noted that Rimac is “excellently positioned in prototype solutions and small series” and is on its way to coming a “Tier 1 supplier” for Porsche and other automakers in the high-tech segment. It’s widely acknowledged that Rimac is more than just an automaker in the hypercar and EV segments; it also specializes in battery technology and electric powertrains. That’s on top of its expertise in creating digital interfaces.

Porsche's Huge $83 Million Investment In Rimac Could Make For An Interesting Future
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Rimac’s know-how in those fields is where Porsche’s interest lies. Meschke even noted that Porsche has already placed its first orders for the development of highly innovative series components that the German automaker plans to use on its future electric models. Considering the recent Autocar report that touched on Porsche looking into adding more EV models to the Taycan EV lineup, it’s possible that some of the technologies that will be used on those future models could come from Rimac.

It’s unclear if Porsche’s increased stake in Rimac will have any effect on reports that the Volkswagen Group could sell Bugatti to Rimac. A decision on that matter is expected to come sometime in the first half of the year. Porsche and Bugatti are both owned by the Volkswagen Group.

2020 Porsche Taycan specifications
2020 Porsche Taycan Turbo 2020 Porsche Taycan Turbo S Porsche Taycan 4S Porsche Taycan 4S Performance Plus
Electric motors power 616 horsepower (670 horsepower with overboost) 616 horsepower (750 horsepower with overboost) 530 horsepower 571 horsepower
Battery 93 kWh 93 kWh 79.2 kWh 93.4 kWh
0-60 mph 3 seconds 2.6 seconds 4.0 seconds 4.0 seconds
Top Speed 161 mph 161 mph 155 mph 155 mph
Kirby Garlitos
Kirby Garlitos
Automotive Aftermarket Expert - kirby@topspeed.com
Kirby’s first exposure into the world of automobiles happened when he caught Knight Rider on television as a five-year old boy. David Hasselhoff didn’t leave much of an impression on him (that happened later on in Baywatch), but KITT certainly did. To this day, Kirby remains convinced that he will one day own a car with the same ‘spirit’ as the original KITT (not the 2008 monstrosity). He doesn't know when that will be, but until then, he’s committed to expressing his love for KITT, and all cars for that matter, here at TopSpeed.  Read full bio
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