Bugatti Automobiles

Porsche participates in further Rimac funding round

Retrieved on: 
Wednesday, June 1, 2022
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The Stuttgart-based sports car manufacturer is participating in a Series D funding round by the Croatian automotive technology group Rimac Group.

Key Points: 
  • The Stuttgart-based sports car manufacturer is participating in a Series D funding round by the Croatian automotive technology group Rimac Group.
  • The total volume of the round is 500 million euros ($536 million), with Porsche investing an eight-figure sum.
  • With new investors on board, Rimac is continuing to expand its position in electromobility, making it an even stronger partner for Porsche, says Lutz Meschke.
  • In November 2021, Porsche and Rimac successfully finalized the formation of a joint venture between Rimacs hypercar division Rimac Automobili and Bugatti Automobiles.