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Porsche Now Owns an Even Bigger Stake in Rimac

Porsche announced Monday it will increase its stake in Croatian EV supplier and niche supercar builder Rimac from 15.5 percent to 24 percent through a 70 million Euro (roughly $83 million) investment into the company. Porsche has had a vested interest in Rimac since 2018, when it obtained a 10-percent stake in the EV startup. In 2019, it increased that stake to 15.5 percent. Now, Porsche owns 24 percent of the brand, leaving founder Mate Rimac with just 43 percent ownership (19 percent belongs to Camel Group, Asia’s largest battery manufacturer, while the remaining 14 percent is owned by Hyundai). For the full story, check out this article from Road & Track.

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