Porsche wants to invest further in e-mobility. According to a report, the Volkswagens subsidiary plans to increase its stake in electric car start-up Rimac from 15 percent to 50 percent.
E-mobility is also becoming increasingly important at Porsche. The Volkswagen subsidiary already owns a 15 percent stake in the Croatian start-up Rimac. The Croatians specialize in electric powered cars.
Now the Stuttgart-based company wants to increase its stake – to a good 50 percent. As reported by Automotive News Europe, Porsche is participating in a financing round through which Rimac plans to raise 130 to 150 million euros.
Company founder Mate Rimac confirmed such a deal in an interview with German magazine “Automobilwoche”. According to him, the investment will be signed and sealed in two to three months. He only left it open whether Porsche would be involved: “We are currently in the next round of financing with a major strategic investment, which should be completed in two to three months and bring in another 130 to 150 million euros,” said Rimac.
According to the report, should the new investment raise the stake to 50 percent, this could also have an impact on VW’s Bugatti brand. In this case, it could also switch to the Croatian company. Porsche CEO Oliver Blume has already announced that a decision on the future of Bugatti is to be made and that Rimac is in the running. A decision is expected in the first half of 2021, Blume announced.