Croatian electric supercar-maker, Rimac, has announced that it will be taking “a controlling stake” in Bugatti. The joint venture will be called Bugatti-Rimac and will see the development of the next Bugatti Chiron.
Rimac’s stake will extend to 55%, while Porsche will, according to reports, take a 45% ownership stake in the boutique hypercar-maker. Although Rimac will have a bigger share, it’s probably worth noting that Porsche already owns 24% of Rimac.
The owner of the Croatian marque, Mate Rimac, will retain his original shareholding in Rimac Group at 37% while the Hyundai Motor Group will retain its 12%.
Rimac’s Technology centre will develop, produce and supply battery systems, drivetrains and other EV components.
At the helm of the new company sits Mate Rimac who will oversee the new division, however, the two giants, Bugatti and Rimac will continue as separate entities, retaining existing production facilities and distribution channels – for now at least.
Also on the side of the Rimac Group, the company will continue to build its own hypercars as well as developing systems and technologies for OEMs across the world.
According to Mate Rimac, “the joint venture is a truly exciting moment in the short, yet rapidly expanding history of Rimac Automobili”.
Rimac has recently revealed its latest hypercar, the Nevera and according to Mate, he is excited about the potential of the two giants coming together to create some truly special projects.