- Rimac Group
- Greyp Bike
Rimac Announces New Strategic Partner: Porsche AG Rounds-up Series B Financing
Stuttgart/Zagreb, 20 June – Porsche AG has bought a minority stake in Electric Vehicle technology company Rimac Automobili and its subsidiary Greyp Bikes.
The partnership aims to support Rimac’s and Greyp’s advanced technologies and their positioning as the leading niche EV technology suppliers and high-performance electric vehicle manufacturers.
Rimac is a technology powerhouse providing EV solutions to global automotive manufacturers and developing and manufacturing high-performance electric vehicles. Mate Rimac’s vision began as a garage project in 2009 and has grown into a 400-people company on the outskirts of Zagreb, Croatia. Its subsidiary Greyp Bikes aims to deliver the most advanced electric bicycle on the market. Both companies are growing exponentially to meet the challenges of market dynamics.
The new funding round should boost the business and support the global expansion of Rimac and Greyp. As a co-investor in Rimac’s series B round led by Camel Group Co. Ltd., Porsche AG concludes the company’s second capital raising round. As of June 2018, the founder and CEO Mate Rimac remains the majority shareholder.
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About Rimac Group
The Rimac Group, led by CEO Mate Rimac, is majority shareholder of Bugatti Rimac and the sole stakeholder of Rimac Technology. The Group brings together the most advanced hypercars in the world with a globally renowned team developing high performance electrification, autonomous and software solutions for the world’s largest OEMs. Rimac is based on the outskirts of Zagreb, Croatia, with locations around Europe, and currently employs more than 2,000 people. From 2023, the Rimac Group will be headquartered at a new state-of-the-art 200,000 m2 Rimac Campus, large enough to accommodate over 2,500 people.