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class="_192609e3"><div class="_17h22rw1 _17h22rw0"><ul class="_17h22rw0"><li class="_17h22rw2"><span class="aqwuzy0 _1gx3nwd74 _19xzjx6 _1gx3nwd7b djjf6m1 djjf6m3">Rimac Group</span></li><li class="_17h22rw2"><span class="aqwuzy0 _1gx3nwd74 _19xzjx6 _1gx3nwd7b djjf6m1 djjf6m3">Company</span></li><li class="_17h22rw2"><span class="aqwuzy0 _1gx3nwd74 _19xzjx6 _1gx3nwd7b djjf6m1 djjf6m3">Partner</span></li></ul><time dateTime="2019-09-06T14:03:23.000Z" class="_1gx3nwd74 _19xzjx6 _1gx3nwd7b _1gx3nwd6r">September 6, 2019</time></div><h1 class="_192609e4 ahoh268 _1gx3nwd75 _1gx3nwd7c ahoh263">Porsche boost share in Rimac Automobili to 15.5 percent</h1></div><div class="_192609e9"><div style="width:100%;transform:translateY(-7.5%) translateZ(0)"><picture><source media="(max-width: 639px)" width="640" srcSet="https://assets.rimac-newsroom.com/1671030131-materimac-1024x683.jpeg?auto=format&fit=crop&ar=16%3A9&sharp=10&fp-x=0.5&fp-y=0.5&w=640&dpr=1 1x, https://assets.rimac-newsroom.com/1671030131-materimac-1024x683.jpeg?auto=format&fit=crop&ar=16%3A9&sharp=10&fp-x=0.5&fp-y=0.5&w=640&dpr=2 2x"/><img alt="Porsche boost share in Rimac Automobili to 15.5 percent" style="--add7t30:16/9" loading="eager" class="add7t31" width="2200" src="https://assets.rimac-newsroom.com/1671030131-materimac-1024x683.jpeg?auto=format&fit=crop&ar=16%3A9&sharp=10&fp-x=0.5&fp-y=0.5&w=2200" srcSet="https://assets.rimac-newsroom.com/1671030131-materimac-1024x683.jpeg?auto=format&fit=crop&ar=16%3A9&sharp=10&fp-x=0.5&fp-y=0.5&w=2200&dpr=1 1x, https://assets.rimac-newsroom.com/1671030131-materimac-1024x683.jpeg?auto=format&fit=crop&ar=16%3A9&sharp=10&fp-x=0.5&fp-y=0.5&w=2200&dpr=2 2x"/></picture></div></div></div></div><div class="uwm3770 uwm3771"><div class="uwm3774"><p class="_192609eb _1gx3nwd73">As Porsche increases the scale of its electrified model range, the partnership will call on Rimac’s expertise in vehicle electrification, including powertrains, batteries and other components related to electrification and autonomous driving.</p></div></div><div class="uwm3770 uwm3771"><div class="uwm3774"><div class="_192609ec"><div class="_192609ed"><p class="agkpucd _1gx3nwd73 _1rg8tjs8 _1gx3nwd79"><strong>Investment strengthens high-performance EV technology development partnership Rimac profile boosted further as high-performance Tier-1 supplier.</strong></p><figure class="puupjs0"><blockquote class="puupjs2 _1gx3nwd75 _1gx3nwd7a"><p>“It quickly became clear to us that Porsche and Rimac could learn a lot from each other.”</p></blockquote><figcaption class="puupjs3"><div><h4 class="_1gx3nwd74 _1x4a5ax2 _1gx3nwd7c">Lutz Meschke</h4><cite class="puupjs5 _1gx3nwd74 _19xzjx2 _1gx3nwd7b">Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche</cite></div></figcaption></figure><p class="agkpucd _1gx3nwd73 _1rg8tjs8 _1gx3nwd79"><strong>ZAGREB, 6 September 2019</strong> – Porsche has increased its stake in hypercar creator and technology powerhouse, Rimac Automobili to 15.5 percent.</p><p class="agkpucd _1gx3nwd73 _1rg8tjs8 _1gx3nwd79"> As Porsche increases the scale of its electrified model range, the partnership will call on Rimac’s expertise in vehicle electrification, including powertrains, batteries and other components related to electrification and autonomous driving.</p><p class="agkpucd _1gx3nwd73 _1rg8tjs8 _1gx3nwd79">“Porsche has accompanied Rimac in its positive development for a year,” says Lutz Meschke, Deputy Chairman of the Executive Board and Chief Financial Officer of Porsche AG. “It quickly became clear to us that Porsche and Rimac could learn a lot from each other. We are convinced of Mate Rimac and his company, so now we have increased our stake and are expanding our cooperation in battery technology.”</p><p class="agkpucd _1gx3nwd73 _1rg8tjs8 _1gx3nwd79">Mate Rimac grew up loving engineering and testing the limits of what was possible. These characteristics remain at the core of the business today. Mate’s journey from garage to global has seen him build a success story in less than a decade. Today, alongside partnering a spectrum of high-performance car brands, his 600-strong team work with him to create some of the world’s fastest and most exciting electric road cars.</p><p class="agkpucd _1gx3nwd73 _1rg8tjs8 _1gx3nwd79">“It was one of the most important milestones in our history to win Porsche as a partner. The fact that Porsche is now increasing its stake is the best confirmation of our cooperation and the basis for an even closer relationship,” said Rimac Founder and CEO, Mate Rimac. “We are just at the beginning of our partnership – and yet our high expectations have already been met. We have many ideas that we want to action together in the future. The key is to create a win-win situation for both partners and to add value to our end customers by developing exciting electrified models.”</p><p class="agkpucd _1gx3nwd73 _1rg8tjs8 _1gx3nwd79">The company’s new hypercar, the Rimac C_Two is the most technologically-advanced hypercar ever built. It demonstrates the full range of capabilities of Rimac Technologies – the car and most of its major components are designed, engineered and manufactured in-house.</p><p class="agkpucd _1gx3nwd73 _1rg8tjs8 _1gx3nwd79">The latest investment will contribute to the rapid pace of development at Rimac, which includes the significant scaling-up of its high-performance component production. This move will enable the business to support a greater range and volume of partners with production ranging from advanced powertrains and drivetrains, to industry-leading infotainment and connectivity systems.</p><p class="agkpucd _1gx3nwd73 _1rg8tjs8 _1gx3nwd79">As well as designing, developing, and manufacturing advanced technologies for various high-performance car brands, Rimac is currently finalising development of the C_Two ahead of customer deliveries in 2020. The car will undergo an extensive program of crash-testing as part of its homologation for distribution in all global markets.</p><p class="agkpucd _1gx3nwd73 _1rg8tjs8 _1gx3nwd79"><strong>About Rimac Automobili:</strong></p><p class="agkpucd _1gx3nwd73 _1rg8tjs8 _1gx3nwd79">Rimac Automobili was founded in 2009 by Mate Rimac (then 21 y/o), converting his first Guinness-World-Record breaking electric car in a garage. Today, Rimac develops and manufactures key electrification systems for many global automotive companies, and at the same time, raises the bar for performance EVs with their own electric hypercars. This technology powerhouse with headquarters on the outskirts of Zagreb, Croatia, employs around 600 people, with plans for strong future growth. The company is vertically integrated with many of the components produced in-house. The next challenge is to grow from a low volume manufacturer of complex high-end electrification components to an established Tier-1 supplier for the industry. Rimac plans to open new high-volume production lines for battery packs, powertrain systems, and the C_Two hypercar for production starting in 2021 at new facilities currently being established.</p><div class="_192609ej" aria-hidden="true"></div><div class="svmfhl1 _1gx3nwdv _1gx3nwd1x"><div><h2 class="svmfhl2 ahoh268 _1gx3nwd75 _1gx3nwd7c ahoh266">About Rimac Group</h2><p class="_1gx3nwd73 _1rg8tjs8 _1gx3nwd79 _1qzma8q3">The Rimac Group, led by CEO Antony Sheriff and President Mate Rimac, owns 100% of Rimac Technology, is majority shareholder of Bugatti Rimac and is invested in Verne. The Rimac Group manages the ecosystem of Rimac companies that provide premium & luxury technology solutions in the mobility and energy sector. The headquarters is based on the outskirts of Zagreb, Croatia, with locations around Europe. Mate Rimac remains single largest shareholder of the Rimac Group, with other investors including Softbank, Goldman Sachs Asset Management, Porsche, Hyundai Motor Group and more.</p></div><div><h2 class="svmfhl2 ahoh268 _1gx3nwd75 _1gx3nwd7c ahoh266">Media Enquiries</h2><div class="svmfhl4"><a href="mailto:press@rimac-automobili.com" class="svmfhl5 _1gx3nwd74 _19xzjx4 _1gx3nwd7b">press@rimac-automobili.com</a></div></div></div></div><aside class="_1g5vynd0"><div><h3 class="_1g5vynd1 _1gx3nwd74 _1x4a5ax2 _1gx3nwd7c">Share & Download</h3><div class="_1g5vynd2"><div class="_1g5vynd9 _1g5vynd6 _1gx3nwd2j _1gx3nwd41"><button class="_1g5vynd4 _1g5vynd3 _1gx3nwd74 _19xzjx4 _1gx3nwd7b" style="position:relative;z-index:1"><svg width="24" height="24" viewBox="0 0 24 24" fill="currentColor" xmlns="http://www.w3.org/2000/svg" class="_1g5vyndf"><path d="M19.731 16.506C19.4363 15.797 18.9057 15.2087 18.2272 14.8385C17.5394 14.4818 16.7474 14.3735 15.9876 14.5324C15.2747 14.673 14.6293 15.0443 14.1532 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percent","createdAt":"2019-09-06T16:03:23+02:00","metaDescription":"As Porsche increases the scale of its electrified model range, the partnership will call on Rimac’s expertise in vehicle electrification, including powertrains, batteries and other components related to electrification and autonomous driving.","article":{"value":{"schema":"dast","document":{"type":"root","children":[{"type":"paragraph","children":[{"type":"span","marks":["strong"],"value":"Investment strengthens high-performance EV technology development partnership Rimac profile boosted further as high-performance Tier-1 supplier."}]},{"item":"72114530","type":"block"},{"type":"paragraph","children":[{"type":"span","marks":["strong"],"value":"ZAGREB, 6 September 2019"},{"type":"span","value":" – Porsche has increased its stake in hypercar creator and technology powerhouse, Rimac Automobili to 15.5 percent."}]},{"type":"paragraph","children":[{"type":"span","value":" As Porsche increases the scale of its electrified model range, the partnership will call on Rimac’s expertise in vehicle electrification, including powertrains, batteries and other components related to electrification and autonomous driving."}]},{"type":"paragraph","children":[{"type":"span","value":"“Porsche has accompanied Rimac in its positive development for a year,” says Lutz Meschke, Deputy Chairman of the Executive Board and Chief Financial Officer of Porsche AG. “It quickly became clear to us that Porsche and Rimac could learn a lot from each other. We are convinced of Mate Rimac and his company, so now we have increased our stake and are expanding our cooperation in battery technology.”"}]},{"type":"paragraph","children":[{"type":"span","value":"Mate Rimac grew up loving engineering and testing the limits of what was possible. These characteristics remain at the core of the business today. Mate’s journey from garage to global has seen him build a success story in less than a decade. Today, alongside partnering a spectrum of high-performance car brands, his 600-strong team work with him to create some of the world’s fastest and most exciting electric road cars."}]},{"type":"paragraph","children":[{"type":"span","value":"“It was one of the most important milestones in our history to win Porsche as a partner. The fact that Porsche is now increasing its stake is the best confirmation of our cooperation and the basis for an even closer relationship,” said Rimac Founder and CEO, Mate Rimac. “We are just at the beginning of our partnership – and yet our high expectations have already been met. We have many ideas that we want to action together in the future. The key is to create a win-win situation for both partners and to add value to our end customers by developing exciting electrified models.”"}]},{"type":"paragraph","children":[{"type":"span","value":"The company’s new hypercar, the Rimac C_Two is the most technologically-advanced hypercar ever built. It demonstrates the full range of capabilities of Rimac Technologies – the car and most of its major components are designed, engineered and manufactured in-house."}]},{"type":"paragraph","children":[{"type":"span","value":"The latest investment will contribute to the rapid pace of development at Rimac, which includes the significant scaling-up of its high-performance component production. This move will enable the business to support a greater range and volume of partners with production ranging from advanced powertrains and drivetrains, to industry-leading infotainment and connectivity systems."}]},{"type":"paragraph","children":[{"type":"span","value":"As well as designing, developing, and manufacturing advanced technologies for various high-performance car brands, Rimac is currently finalising development of the C_Two ahead of customer deliveries in 2020. The car will undergo an extensive program of crash-testing as part of its homologation for distribution in all global markets."}]},{"type":"paragraph","children":[{"type":"span","marks":["strong"],"value":"About Rimac Automobili:"}]},{"type":"paragraph","children":[{"type":"span","value":"Rimac Automobili was founded in 2009 by Mate Rimac (then 21 y/o), converting his first Guinness-World-Record breaking electric car in a garage. Today, Rimac develops and manufactures key electrification systems for many global automotive companies, and at the same time, raises the bar for performance EVs with their own electric hypercars. This technology powerhouse with headquarters on the outskirts of Zagreb, Croatia, employs around 600 people, with plans for strong future growth. The company is vertically integrated with many of the components produced in-house. The next challenge is to grow from a low volume manufacturer of complex high-end electrification components to an established Tier-1 supplier for the industry. Rimac plans to open new high-volume production lines for battery packs, powertrain systems, and the C_Two hypercar for production starting in 2021 at new facilities currently being established."}]}]}},"blocks":[{"__typename":"QuoteRecord","id":"72114530","quote":"“It quickly became clear to us that Porsche and Rimac could learn a lot from each other.”","author":{"id":"71070382","name":"Lutz Meschke","jobPosition":"Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche","eMail":"","phoneNumber":"","avatar":null,"socialNetworks":[],"__typename":"ContactPersonRecord"}}],"links":[],"__typename":"PressReleaseModelArticleField"},"headerImage":{"id":"26961663","url":"https://assets.rimac-newsroom.com/1671030131-materimac-1024x683.jpeg","filename":"materimac-1024x683.jpeg","title":null,"focalPoint":{"x":0.5,"y":0.5,"__typename":"focalPoint"},"__typename":"FileField"},"sidebar":[{"id":"133083979","contactPerson":{"id":"78043105","name":"Press contact","jobPosition":"","eMail":"press@rimac-automobili.com","phoneNumber":"","avatar":null,"socialNetworks":[],"__typename":"ContactPersonRecord"},"__typename":"ContactPersonReferenceRecord"}],"topics":[{"title":"Rimac Group"}],"tags":[{"title":"Company"},{"title":"Partner"}]},"related":{"header":{"title":"Related News","link":{"label":"Show all Press Releases","href":"/search?t=press-releases"}},"gridSettings":{"columns":3},"cards":[{"id":"Yr12j9GqTXewSHvHtdxtFQ","type":"article","title":"Rimac Group Strengthens Leadership to Prepare for Further Growth","date":"2024-11-15T14:42:21+01:00","href":"/press-releases/rimac-group/rimac-group-strengthens-leadership-to-prepare-for-further-growth","thumbnailUrl":"https://assets.rimac-newsroom.com/1731677504-rimac_sheriff_2024_3.jpg","focalPoints":{"x":0.52,"y":0.24},"tags":[{"title":"Rimac Group"}],"actions":{"downloadUrl":"/api/press-releases/download/docx/rimac-group-strengthens-leadership-to-prepare-for-further-growth?lang=en"},"previewText":"The Rimac Group and its founder, Mate Rimac, have appointed Antony Sheriff to the role of CEO of the Rimac Group. Mate Rimac will become President of the Rimac Group Management Board, while also continuing in his roles as the CEO of both Bugatti Rimac and Rimac Technology. The Rimac Group is majority shareholder of Bugatti Rimac and the sole shareholder of Rimac Technology."},{"id":"VtgMASw_T9aBbWYRzS7w7Q","type":"article","title":"Rimac Campus Phase One is Complete, with Production Already Underway ","date":"2024-10-18T09:35:09+02:00","href":"/press-releases/rimac-group/rimac-campus-phase-one-is-complete-with-production-already-underway","thumbnailUrl":"https://assets.rimac-newsroom.com/1729233824-rimac_campus_ext_9.jpg","focalPoints":{"x":0.5,"y":0.5},"tags":[{"title":"Rimac Group"}],"actions":{"downloadUrl":"/api/press-releases/download/docx/rimac-campus-phase-one-is-complete-with-production-already-underway?lang=en"},"previewText":"Phase one of the Rimac Campus – new home of the Rimac Group in Croatia – has now completed construction, representing around 70% of the total Campus site."},{"id":"dldDb9HfT-iGCoL8CQz5EA","type":"article","title":"Former Continental Exec Nurdin Pitarević to Lead Operations at Rimac Technology ","date":"2024-01-15T15:29:40+01:00","href":"/press-releases/rimac-technology/former-continental-exec-nurdin-pitarevic-to-lead-operations-at-rimac-technology","thumbnailUrl":"https://assets.rimac-newsroom.com/1705328961-a-leaddsc01258-enhanced-nr.jpg","focalPoints":{"x":0.5,"y":0.5},"tags":[{"title":"Rimac Technology"}],"actions":{"downloadUrl":"/api/press-releases/download/docx/former-continental-exec-nurdin-pitarevic-to-lead-operations-at-rimac-technology?lang=en"},"previewText":"Rimac Technology, a leading global provider of high-performance automotive technology solutions, has announced the appointment of Nurdin Pitarević as its new Chief Operating Officer. 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Mate Rimac remains single largest shareholder of the Rimac Group, with other investors including Softbank, Goldman Sachs Asset Management, Porsche, Hyundai Motor Group and more."}],"linksTitle":"Media Enquiries","links":[{"id":"78043105","value":"press@rimac-automobili.com"}]}},"global":{"navbar":{"navbarLinks":[{"label":"Rimac Group ","href":"/topics/rimac-group"},{"label":"Rimac Technology","href":"/topics/rimac-technology"},{"label":"Rimac Automobili","href":"/topics/rimac-automobili"},{"label":"Rimac Energy","href":"/topics/rimac-energy"}],"menuLinks":[{"title":"Topics","links":[{"id":"Nz8POc5lS_GT6fJemm7lBw","label":"Rimac Nevera R","href":"/topics/rimac-nevera-r","asset":{"type":"image","src":"https://assets.rimac-newsroom.com/1723540603-nevera_r_exterior_concrete_scene_13.jpg","focalPoint":{"x":0.79,"y":0.61}}},{"id":"153469602","label":"Rimac Group ","href":"/topics/rimac-group","asset":{"type":"video","src":"https://stream.mux.com/Sb2pG01GvrrHBDZp801BCwOniiFaSMNUrm.m3u8"}},{"id":"153790192","label":"Rimac Automobili","href":"/topics/rimac-automobili","asset":{"type":"video","src":"https://stream.mux.com/vWc3pU2d6u2UwNlPFQ26vLRrP0002q01KOW.m3u8"}},{"id":"153469603","label":"Rimac Technology","href":"/topics/rimac-technology","asset":{"type":"video","src":"https://stream.mux.com/ujWu1KOrZ39qhVUyGY5IAz01wd9lTFHFE.m3u8"}},{"id":"153790193","label":"Rimac Energy","href":"/topics/rimac-energy","asset":{"type":"image","src":"https://assets.rimac-newsroom.com/1683187916-rimac-campus.jpg","focalPoint":{"x":0.5,"y":0.5}}},{"id":"153841322","label":"Rimac Nevera","href":"/search?q=nevera"},{"id":"153841323","label":"Rimac Campus","href":"/search?q=campus"}]},{"title":"Content","links":[{"id":"153472352","label":"Press Releases","href":"/search?t=press-releases"},{"id":"153790194","label":"Galleries","href":"/search?t=galleries"},{"id":"153836827","label":"Videos","href":"/search?t=videos"},{"id":"153836828","label":"Press Kits","href":"/search?t=press-kits"}]},{"title":"Media Enquiries","links":[{"id":"153836434","label":"Contact","href":"/contact/contact"}]}]},"footer":{"address":"Rimac Group Ltd.\n\nLjubljanska 7\n10431 Sveta Nedelja\nCroatia","contactLinks":["press@rimac-automobili.com","press@rimac-technology.com","+385 1 563 45 92"],"links":[{"label":"Contact","href":"/contact/contact"},{"label":" Terms \u0026 Conditions","href":"/legal/terms-conditions"},{"label":"Cookie Policy","href":"/legal/cookie-policy"},{"label":"Privacy Policy","href":"/legal/privacy-policy"}],"socialNetworkLinks":["https://www.facebook.com/RimacAutomobili/","https://www.instagram.com/rimac_automobili/","https://www.youtube.com/user/RimacAutomobili","https://twitter.com/automobilirimac","https://www.linkedin.com/company/rimacautomobili/"]},"tokens":{"fathomSiteId":"TXQUDGXG","usercentricsSettingsId":"-QCrVreYjFfd3X","gtmId":"GTM-W5BX4NJ"}}},"__N_SSG":true},"page":"/press-releases/[topicSlug]/[slug]","query":{"topicSlug":"rimac-group","slug":"porsche-boost-share-in-rimac-automobili-to-15-5-percent"},"buildId":"YBtq5_6mAida3CuiUcSY-","isFallback":false,"gsp":true,"locale":"en","locales":["en"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>