electric hypercar business Rimac as well as Bugatti have revealed the development of a new company, called Bugatti Rimac d.o.o. which will be led by 33-year-old Croatian inventor as well as entrepreneur Mate Rimac as chief executive Officer.
Ten-year-old Rimac as well as 110-year-old Bugatti will both continue as separate brands, utilizing their own production facilities as well as supply chains in Croatia as well as France respectively.
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The new Bugatti Rimac business is a joint venture that will see the two manufacturers pool advancement resources, to “develop the future” of both brands, pointing to shared innovation for all-electric hypercar designs going forward. It will be based in Zagreb, Croatia, as well as will open in Q3 2021.
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The joint venture sees a restructuring of Rimac into an automotive group that now has 55 per cent of the new Bugatti Rimac company. Porsche will own the other 45 per cent of shares; it took manage of Bugatti within the VW group umbrella earlier in 2021.
A level higher, Porsche will retain its existing 24 per cent share in Rimac Group. Hyundai will likewise keep its level of investment in Rimac group at 12 per cent, with Mate Rimac having 37 per cent of the Group.
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With Bugatti Rimac operating as a standalone entity, the Rimac group will split into two business units: the hypercar business, as well as a new operation called Rimac Technology, had wholly by Rimac. This business will continue with the firm’s work in the field of battery as well as electric drivetrain advancement for worldwide vehicle manufacturers.
Bugatti Rimac will ultimately be based at Rimac’s new £170m school opening in 2023 in Kerestinec, Croatia. The firm states this will be the base for all research study as well as advancement for future Rimac as well as Bugatti models.
Mate Rimac, creator as well as CEO of Rimac Automobili said: “We have just introduced our latest hypercar – the Nevera – to universal worldwide acclaim. So I can’t begin to tell you exactly how excited I am by the prospective of these two incredible brands integrating knowledge, technologies as well as values to produce some truly special jobs in the future.”
Click right here to checked out more about the new Rimac Nevera electric hypercar…