Porsche’s Huge $83 Million Investment In Rimac Could Make For An Interesting Future
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.
Rimac, Like McLaren and Bugatti, Has Decided to Skip the SUV Train
The gravy train that is the SUV segment continues to roll along with a few notable absences in the passenger cars area. McLaren and Bugatti have made it clear that they are not hopping on the train anytime soon, and now, you can add Rimac to that list. The Croatian automaker that’s famously known for the Concept_One and C_Two isn’t keen on developing an SUV anytime soon. Instead, Rimac will continue to focus on what it does best: build demented hyper beasts. The C_Two hypercar is tracking nicely for a production debut at the 2020 Geneva Motor Show and after that, Rimac is already working on a new and yet-to-be-identified two-seater supercar. There’s no room for an SUV here, folks.