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    Porsche Invests In Electric Carmaker Rimac Automobili For EV Technology

    by Swati Sanchayi on Thursday, Jun 28 2018

    Porsche Main

    By buying a 10 percent stake in Croatian electric hypercar maker Rimac, Porsche AG has invested in the technology and electric sports car company. Though, the official reason is still unknown but it is said that the German carmaker has made the investment to use Rimac’s electric powertrain technology in future models. Rimac develops and produces electric vehicle components and manufactures electric super sports cars and as part of its electrification plan, Porsche might be seeking a development partnership with the company.

    Commenting on the investment, Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT - Porsche said, "By developing the purely electric two-seaters super sports cars, like the 'Concept One' or 'C Two', as well as core vehicle systems, Rimac has impressively demonstrated its credentials in the field of electro-mobility. We feel that Rimac's ideas and approaches are extremely promising, which is why we hope to enter into close collaboration with the company in the form of a development partnership."

    Porsche Exterior
    Porsche Exterior
    Porsche Exterior

    Speaking about the partnership, Mate Rimac, CEO, Rimac said, “In less than a decade we have built up a comprehensive know-how in developing high-performance electric powertrain and battery technology, innovative infotainment and telemetry systems and many other core vehicle systems. Our hypercars are at the pinnacle of technology, redefining the idea of the super sports car. Still, building a serious automotive supplier and niche sports car manufacturer is a lifetime challenge and we still have a long way to go. Entering the collaborative partnership with Porsche AG is an important step in our strategy to become a leading EV technology supplier to the global OEMs. We are delighted to have gained a high level of trust from our investors, partners and customers and are looking forward to continue working on exciting projects with our clients across the automotive industry.”

    Though Rimac's main focus is on high-voltage battery technology, electric powertrains and the development of digital interfaces between man and machine but Rimac also develops and produces e-bikes under its subsidiary Greyp Bikes, which was founded in 2013. Recently, Rimac presented the latest version of its electric hypercar, the 'C Two', at the Geneva Motor Show in March 2018. The two-seater electric car produces around 2,000 HP and offers a top speed of 412 kmph. Also, through a 250 kW fast charging system, the car achieves an 80 per cent battery charge in 30 minutes and offers a range of 650 km in single charge.

    Porsche Exterior
    Porsche Exterior
    Porsche Exterior
    Porsche Exterior

    However, Rimac is still a relatively small company, with approximately 400 employees. Apartf rom developing electric car technology and electric motorcycles, the company is also developing digital interfaces and its own electric powertrains, and its recent concepts serve as technology demonstrators. Rimac's long-term goal, however, is not just to make money by selling small numbers of million-dollar hypercars but to become a developer and supplier of electric powertrains, battery technology and human-machine interfaces (HMI).

    Apart from these, Aston Martin announced that Rimac would supply the hybrid system for its Valkyrie hypercar in 2017, while Rimac is also responsible for engineering elements of the electric Jaguar E-Type driven by Prince Harry at his wedding with Meghan Markle.

    Stay tuned to for further updates on the Porsche-Rimac partnership.




    A diverse bilingual (English and Hindi) Copywriter and Content Creator based in New Delhi, India. With a degree in Journalism, I always had an inclination towards writing.

    As a writer, I have worked on content related to automobile, technology, travel, lifestyle, photography and many more.

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