The new company, Bugatti Rimac LLC, is 45% owned by Porsche and 55% owned by the new Rimac group, in which Rimac founder Mate Rimac – who will be CEO – retains a 37% stake, with Porsche holding a stake of 24%. , Hyundai Motor Group 12% and other investors making up the remaining 27%. Porsche Chairman Oliver Blume and Vice Chairman Lutz Meschke will both be members of the new joint venture’s supervisory board.
Rimac’s powertrain, battery and components development arm will be separated into a new division dedicated to Rimac Technology, which is part of the Rimac group but remains independent and will continue to work with other manufacturers.
Bugatti and Rimac will remain separate brands, retaining their respective current French and Croatian production facilities. However, from 2023 the new company will be based at the new Rimac campus on the outskirts of Zagreb, which will employ 2,500 people. From the outset, the company employed around 430 people: around 300 in Zagreb and 130 in Molsheim.
The move has important implications for future models from both companies, particularly Bugatti, which will have access to Rimac’s high-efficiency electric transmission technology as a potential replacement for its long-standing W16 petrol engine in the years to come.
Rimac will continue to build and develop its own models after the imminent launch of its flagship Nevera, while Bugatti will continue to build and market its Chiron hypercar as a first step.
Porsche President Oliver Blume explained the potential mutual benefits of the partnership: “We combine Bugatti’s strong expertise in hypercars with Rimac’s formidable innovative strength in the very promising field of electric mobility.
“Bugatti brings a brand rich in tradition, iconic products, a loyal customer base and a global dealer organization to the joint venture. In addition to technology, Rimac offers new approaches to development and organization.
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