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Porsche to Fundraise on Rimac

Porsche to Fundraise on Rimac

Volkswagen (VW) unit Porsche will join the funding session of Rimac Automobili Car Manufacturer to collect 157 million to $181 million, as stated by Mate Rimac. Scheduled to finish within 2 to 3 months, a new fundraising session will be held at the end of 2021, he said.

Porsche’s stake in Rimac Automobili, 15.5%, could increase the stake to a bit less than 50%.

Rimac also continued supercars market is not big despite components’ market; so, we want to develop Rimac Automobili. According to him, the company plans to increase its workers to 2,500 by 2023 (over double the current number).

Oliver Blume, Porsche’s CEO, said earlier in February deep negotiations were progressing over what would happen to Bugatti and the results would come out over the first half of the current year. Rimac, developing a platform for e-supercar, would be important in this regard, he emphasized.

Samira H.

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