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Bugatti Rimac is a joint venture headquartered in Sveta Nedelja, Croatia, known for the car brands Bugatti and Rimac. [2] The two brands were united under the business decision of Porsche, giving control of Bugatti to Mate Rimac and in return receive more share in Rimac Group, which includes Rimac Technology, a company that develops batteries and powertrains.
The company makes a variety of two-seater and track-only cars. The original Bugatti automobile brand was established by Ettore Bugatti (1881–1947) in 1909 at Molsheim and built sports, racing and luxury cars. In November 2021, the company became part of Bugatti Rimac, a joint venture between Rimac Group and Porsche AG. [3]
The company was founded in 2009 by Mate Rimac and now sits under the Bugatti Rimac joint company, which includes both Bugatti Automobiles and Rimac Automobili. Rimac Automobili's first model, the Concept One, was allegedly the world's fastest production [4] electric vehicle, [5] even though only 8 of them were ever produced. [6]
Porsche has invested an additional €70 million ($83.3 million) in Rimac, boosting its stake in the hypercar manufacturer and EV component supplier from 15 to 24 percent.
The joint venture between Croatian electric carmaker Rimac and Bugatti has been far more profitable than anticipated as the two brands work on developing vehicles together under one roof, Rimac's ...
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In 2021, Volkswagen sold their 55% stake in Bugatti to Rimac Group while transferring the remaining 45% to Porsche AG, forming a joint venture company called Bugatti Rimac. [ 54 ] In early 2024, Volkswagen Group began looking for partners among international technology corporations to create AI labs, new digital prototypes of products and ...
Rimac Group said Tuesday it has raised 500 million euro ($536 million), funds that will help the Croatian startup expand beyond its electric hypercar roots and grow into a global EV components ...