Over $537 million of funding in its Series D adds new investors to the Rimac Group’s roster.
With cutting-edge innovation and technology in the world of electric hypercars and electric mobility as a whole, Rimac may be young in the automotive industry, but it has certainly proven that it’s not to be underestimated. After completing a merger with Bugatti this past November, Bugatti Rimac has laid out ambitious plans to continue changing the hypercar world in an even greater way than they have done already.
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This Series D investment provides over half a billion dollars to go towards Rimac Technology with the goal of continuing to innovate and expand the product line, as well as acquiring talent. The investment also brings new firms into Rimac’s portfolio of investors, like SoftBank and Goldman Sachs, alongside existing investors and partners to the company like Porsche, Hyundai, Pininfarina, Koenigsegg, and Aston Martin.
As work continues on increasing production capacity and completing the Zagreb, Croatia Rimac Campus, Rimac aims to be able to produce tens of thousands of components each year, ranging from hybrid and battery electric systems to complete chassis, that will advance both the Bugatti Rimac brands and the entire automotive world with the advanced levels of innovation and engineering that will be hitting the road. The news of this investment isn’t just exciting for Rimac fans, it’s exciting for the entire industry.
Source: Rimac