Rimac Group, the Croatian company best known for its 1,900 horsepower Nevera electric sports car, said it has raised 500 million euros from investors including Goldman Sachs and a technology fund advised by SoftBank.
The new funding round values Rimac at over 2 billion euros.
Rimac made headlines last year when it agreed to take a controlling interest in a French car company that had been part of the Volkswagen Group. Rimac and VW formed a joint venture to combine their sports-car businesses, with Rimac holding a 45% stake.
Rimac will pivot away from its roots as a small-scale manufacturer of high-end electric sports cars due to the new investment. The Nevera will continue to be manufactured via the joint venture with Porsche, as well as a series of new models. Rimac Technology, its subsidiary that develops and manufactures components for high- performance electric and hybrid vehicles, will be the focus of much of its effort.
Rimac Technology has attracted several big-name automaker clients, including Ferrari, Mercedes-Benz, Jaguar, and Mercedes-Benz.
Rimac will use the new capital to hire 700 new employees, open a series of new offices in Europe, and build a new headquarters in Croatia.
The largest building in Croatia will be the new headquarters facility, which will include manufacturing and warehouse space as well as offices and laboratories, according to the CEO.
All Rights Reserved © 2024
