Signs Of More Electric Porsches Coming As It Invests In Rimac Automobili

In its push to accelerate its venture in the industry segment of battery-powered vehicles, the German sports car brand Porsche acquired a 10 per cent share in Rimac Automobili which is a Croatian manufacturer of electric supercars and components.

“Rimac has impressively demonstrated its credentials in the field of electromobility,” Lutz Meschke, finance chief for the unit of Volkswagen AG, said in a statement. “We feel that Rimac’s ideas and approaches are extremely promising, which is why we hope to enter into close collaboration with the company.”

The investment made by the company is an indication of the extensions of the plans for Porsche for its electric cars beyond that of Taycan.  Starting next year, production for its first all-electric model — based on the Mission E concept car would be started by the Stuttgart-based maker of the 911 sports. It is being understood that the partnership between Porsche and Rimac would also include other future models in the future because the first car is car is already currently being tested.

In terms of performance, elite cars of the likes of Ferrari’s top-of-the-line La Ferrari is rivaled by Rimac’s C Two model. With a very impressive top speed of 258 miles per hour and with the capacity to accelerate to 60 miles per hour in as little as 1.85 seconds, the Croatian supercar is a match for many supercars. With a battery recharge capacity of up to 80 per cent capacity in 30 minutes, the electric powertrain pf the car offers a range of 650 kilometers (400 miles) in one charge.

Mate Rimac had founded the Zagreb-based company in 2009. 30 million euros ($35 million) was invested in Rimac by Chinese battery maker Camel Group Ltd. in an investment round in September. China Dynamics Holdings Ltd, Hong Kong businessman Tek Cheung Yam and Colombian entrepreneur Frank Kanayet Yepes are among the others investors of the company.

IN November 2014, the company put its valuation at 70 million euros and it has claimed that it has been making profits since 2012.

Financial details of its investment in Rimac were not provided to the media by Porsche.

(Adapted from

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