Porsche buys stake in electric powertrain maker Rimac

Porsche buys stake in electric powertrain maker Rimac

The Croatian manufacturer has already built two all-electric hypercars, but Porsche now looks to improve its standing in the EV segment.

Porsche has bought a 10 per cent stake in the Croatian technology and electric vehicle company Rimac to help advance its own electrified developments.

Founded in 2009 by Mate Rimac, the brand has since made two all-electric hypercars – the Concept One and the C_Two.

2018 Rimac C_Two

The C_Two, which was revealed at the 2018 Geneva Motor Show, is quoted to be one of the fastest accelerating cars built, as it can sprint to 60mph in just 1.85 seconds and reach 258mph. It also has technology to allow for level 4 autonomous driverless capabilities and has a range of over 400 miles.

With these credentials, it was clear why Porsche decided to take interest in the Croatian manufacturer, particularly with its upcoming Taycan all-electric model on the way in 2019.

Lutz Meschke, deputy chairman of the executive board at 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 electromobility.

2019 Porsche Taycan

“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.”

Mate Rimac said: “This partnership now is an important step for Rimac on our way to become a component and system supplier of choice for the industry in electrification, connectivity and the exciting field of Advanced Driver Assistance Systems.”