PORSCHE Betting big on EV? [ Increases stake in Rimac to 24%]
The Supervisory Board of Porsche AG agreed to elevate its stake in Rimac Automobile from 15 to 24 %.
The Croatian Company advances and produces high-tech components for electromobility, including high-performance drives and battery systems. It also manufactures electrically powered super sports cars.
“Rimac is excellently positioned in prototype solutions and small series,” says Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche AG. “Mate Rimac and his team are important partners, especially when it comes to supporting us in the development of components. Rimac is well on its way to becoming a Tier 1 supplier for Porsche and other manufacturers in the high-tech segment. Porsche has already placed its first orders with Rimac for the development of highly innovative series components,” exclaims Meschke.
Increase in investment in young companies, great potential
For a long time, Porsche has been stepping up investment in young companies striving with potential. At the moment, it has stakes in more than 20 start-ups and eight capital funds. “Our investment in Rimac has turned out to be right,” Meschke says. “The value has increased many times over since our initial investment. The company has developed very well technologically. We are expanding our cooperation step by step and are also benefiting from Rimac’s strength in innovation.”
Mate Rimac, the founder of the company, named it after him in 2009 at the age of 21. Based in Sveta Nadelja near Zagreb, his company has a workforce of almost 1,000.