[NEWS] Porsche increases stake in electric car maker Rimac Automobili to 15.5% – Loganspace

Porsche AG is rising its stake in Croatian electric vehicle parts and hypercar company Rimac Automobili. The increased stake is the most up-to-date effort by Porsche to invest more into electric mobility, in particular in battery technology.

It became as soon as fair 14 months ago that Porsche took a10% stake in Rimac. Now, the German automaker is pushing that to 15.5%, in step with an announcement Friday.

Porsche intends to intensify its collaboration in the enviornment of battery technology, Lutz Meschke, deputy chairman of Porsche’s executive board. Porsche, which fair equipped itsall-electric Taycan sports vehicle, has talked about it goes to invest more than $6 billion into electric mobility through 2025. The automaker spent more than $1 billion rising the Taycan, a charge that included expanding its manufacturing facility.

For the odd, Rimac became as soon as based by Mate Rimac in 2009 and is perhaps handiest identified for its electric hypercarsreminiscent of thetwo-seater C Two that it debuted in 2018 at the Geneva International Motor Screen.

The vehicle produces an unheard of1,914 horsepower, has a top tempo of 256 miles per hour and can tempo up from 0 to 60 mph in 1.85 seconds. That’s quicker than Tesla’s subsequent-technology Roadster prototype that CEO Elon Musk unveiled in November 2017. The Rimac’s battery is no longer any journey both and gets 404 miles to a single charge below the more generous NEDC estimates. Restful, that blows away assorted EVs on the market. 

However Rimac, which is essentially based in Zagreb and employs spherical 550 other folks, does more than produce hypercars. The companyspecializes in battery technology interior the high-voltage segment, engineers and manufactures electric powertrains and develops digital interfaces between humans and machines. The company also develops and produces electric bikes. This strand of the enterprise became as soon as established in 2013 in the safe of the sister company Greyp Bikes.

“Gaining Porsche as a stakeholder became as soon as one in all the greatest milestones in our history. The truth that Porsche is now rising its stake is the handiest safe of affirmation for our collaboration and represents the foundation for an very excellent nearer relationship,” Mate Rimac, the corporate’s founder talked about in a commentary. “We’re handiest before every part up of our partnership – but we now dangle already met our high expectations. We’ve many collaborative tips that we perform to raise to existence in the slay. The primary heart of attention is constructing a steal-steal tell for both partners and offering our end clients added worth by rising thrilling, electrified objects.”

Porsche isn’t the handiest automaker tantalizing about Rimac.The company has already worked with Renault, Jaguar, and Aston Martin. And in Also can 2019, Hyundai Motor Firm and Kia Motors jointly invested €80 million, or spherical $90 million, into Rimac. Underneath that deal, the three parties agreed  to collaborate on the development of high-performance electric vehicles.