Giant Porsche and investors Goldman Sachs and SoftBank have transferred 500 million euros (426 million pounds) to Croatian electric supercar maker Rimac as part of the D-Series financing round.
Company founder Mate Rymak said: “We have ambitious growth plans for the coming years and we are proud to support major new and existing investors who believe in our vision. The support of our expert investors will be an invaluable guide to this unexplored territory».
The company’s valuation after funding rose to 2 billion euros. Rimac said it plans to use additional support to expand production for large-scale projects in addition to hiring an additional 700 employees.
The company’s founder owns the largest stake in the business, while the group owns a 55% majority in a partnership deal with another Bugatti supercar maker called Bugatti Rimac.
Rimac is reportedly considering a future IPO, but is not expected to launch it in the short term.
We are glad that Rimac is there has attracted significant new investors, and we are optimistic about the further development of this exciting campaign, ”said Lutz Meschke, Deputy Chairman of the Board of Porsche..
Porsche made its first investment in Rimac four years ago and is constantly increasing its interest in the company.
Jimmy MacDonald, director SoftBank Investment Advisers, said: “We are seeing rapid demand for electrification in an industry that is facing significant challenges in adapting to this technological shift.”
Croatian firm of electric supercars Rimac is attracting more funding
Source link Croatian firm of electric supercars Rimac is attracting more funding