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Showing posts with the label #electric supercars

Porsche Creates Electric Supercar Maker

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  Bugatti-Rimac Joint Venture                                                  Source:  Bugatti Chiron                                                  Source:  Rimac Nemera Source: Rimac Nemera Future of Electric Supercars Seismic moves in the global supercar world.  VW has handed over control of its storied supercar brand Bugatti to Porsche, which VW owns.  Porsche, in turn, is creating a new supercar joint venture - Bugatti-Rimac.  Rimac is a Croatian based company that specializes in state of the art, electric supercars that some automotive experts consider magnificent.  The financial structure of the JV is interesting.  Rimac will have a 55% stake in the JV.  Porsche will own 24% of Rimac and own a 45% stake in the JV.  And, the new entity will be headquartered in Croatia with 430 employees.  Also, both Rimac and Bigatti will continue to exist as separate entities. Porsche's Automotive Strategy Porsche's strategy is to combine Rimac's innovation in electric mobility wi

Porsche & Electric Supercars

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  Rimac Concept 2                                                  Source:  Rimac All Electric, Semi-Autonomous Hypercars Germany based luxury car maker Porsche is betting big money on and has big plans for Croatian supercar manufacturer Rimac Automobili.  Rimac is known for its Concept 2, a fully electric, semi-autonomous supercar sportscar that can hit speeds of 258 mph.  The EV runs on four electric engines and according to Rimac "is alive with technology". Financing Round Porsche is participating in a funding round in which Rimac will raise between $157 million and $181 million.  Porsche already owns a 15.5% stake in Rimac.  Porsche is considering raising its stake in the electric supercar maker to just under 50%.  Intense negotiations are currently underway between Rimac and Porsche.  The deal would include the transfer of Porsche's supercar line Bugatti to Rimac.  Porsche CEO Oliver Blume feels the two are a great technological and automotive innovation fit. Rimac I