It’s official: Croatian hypercar specialist Rimac has become Bugatti’s majority shareholder, in a deal that will see the formation of two companies: Bugatti Rimac and Rimac Technologies.
But that doesn’t mean that the Volkswagen Group is out of the picture as Porsche will still have a 45% stake in Bugatti Rimac, while retaining its 24% shareholding in the Rimac Group, which comprises the two aforementioned companies. Interestingly, Hyundai has a 12% stake in the Rimac Group, while company founder Mate Rimac will retain a 37% slice.
Rimac is a relative newcomer to the hypercar game, having created the world’s first battery-powered hypercar exactly 10 years ago. It’s latest creation is the 1 408 kW Nevera, for which Rimac claims a record-breaking 8,6-second quarter mile.
But does this mean that Bugatti’s future will be purely electric? That certainly appears to be the case. Rimac says the two companies will continue to operate independently as separate brands, while retaining their existing production facilities and distribution channels. However, the Rimac Group will develop systems and technologies for both brands, as well as other global carmakers, and in time Bugatti Rimac will share a headquarters at the new Rimac Campus, which the company says will accommodate 2 500 like-minded people “driven by curiosity and a desire to push things to the absolute limit.”
“Rimac and Bugatti are a perfect match in terms of what we each bring to the table,” Rimac CEO Mate Rimac enthused. “As a young, agile and fast-paced automotive and technology company, we have established ourselves as an industry pioneer in electric technologies.
“Bugatti, with over a century of experience in engineering excellence, also possesses one of the most exceptional heritage of any car company in history.”
Porsche board chairman Oliver Blume said the deal would combine Bugatti’s strong expertise in the hypercar business with Rimac’s “tremendous” innovative strength in the field of electromobility.
“Bugatti is contributing a tradition-rich brand, iconic products, a loyal customer base and a global dealer network to the joint venture. In addition to technology, Rimac is contributing new development and organisational approaches.”