AUTO INDUSTRY NEWS

Porsche has taken 10-percent stake in Rimac

Porsche has taken 10-percent stake in Rimac image

Anton Andres / | June 22, 2018 12:05

Porsche invests in EV hypercar company Rimac

It looks like Porsche is becoming more serious with the idea of all-electric performance cars. The company has been rolling out Mission-E concepts for quite some time now, and they have also rolled out their first mass-market EV, the Taycan.

In a bid to make more electric sports cars, the German automaker has just bought a ten-percent stake in Rimac, a manufacturer of EV supercars. As part of their electrification efforts, Porsche is seeking a development partnership with the young company. If the Rimac name sounds familiar, the company's Concept One model was featured on The Grand Tour, which host Richard Hammond later totaled.

“By developing the purely electric two-seaters super sports cars, like the ‘Concept One’ or ‘C Two’, as well as core vehicle systems, Rimac has impressively demonstrated its credentials in the field of electromobility. We feel that Rimac’s ideas and approaches are extremely promising, which is why we hope to enter into close collaboration with the company in the form of a development partnership.”, said Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche.

For now, it's too early to tell what car, or cars, the partnership will produce. Given that Rimac's focus is on high-performance EVs, and Porsche taking steps towards electrification, it is possible that the two might come up with an all-electric hypercar in the future. It is also likely that Rimac will assist in making more powerful hybrid systems for Porsche.