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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]
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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Mate Rimac (born 12 February 1988) [1] is a Croatian innovator and entrepreneur. [2] [3] [4] He is the founder and CEO of the Rimac Group, a business which includes Bugatti Rimac – composed of the Bugatti Automobiles and Rimac Automobili brands – as well as Rimac Technology, a supplier of technology to automotive brands.
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 company was founded in 1909 in the then-German city of Molsheim, Alsace, by the Italian-born industrial designer Ettore Bugatti. The cars were known for their design beauty and numerous race victories. Famous Bugatti automobiles include the Type 35 Grand Prix cars, the Type 41 "Royale", the Type 57 "Atlantic" and the Type 55 sports car.