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Electric car manufacturer Rimac has raised 500 million euros.

Croatian electric sports car manufacturer Rimac has raised 500 million euros in another investment round, raising a valuation of more than 2 billion euros.

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An editor at eMobilCar


  • 2 min read

The rapid development of technologies for the production of electric vehicles contributes to the emergence of young and very ambitious companies on the market. An example is the Croatian Rimac Group, which merged with Bugatti last November and acquired Porsche as one of its major shareholders. This month, Rimac managed to raise another €500 million for further development, and now the company's capitalization is estimated at more than €2 billion.

SoftBank Vision Fund 2 and Goldman Sachs have been attracted to the new funding round, but company founder Mate Rimac still retains the bulk of the shares. Rimac intends to use the funds received from investors to organize the production of electric hypercars, as well as powertrain components for third-party customers, which already include Porsche, Hyundai, Pininfarina and Aston Martin. By building a production building in Croatia, the company will be able to produce tens of thousands of components for the power plants of electric vehicles per year. Some of the customers will be supplied with almost finished chassis to install their own bodies on them.

The headquarters of the Bugatti Rimac will also be located here, where hypercars of both brands will be developed, as well as the flagship electric car Rimac Nevera, which has a power of 1914 hp. and capable of accelerating to 100 km/h in less than two seconds. During this year, the Rimac Group is going to hire 700 new employees and open representative offices in various European countries.

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