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Rimac Group, the Croatian company very best known for its 1,900 horsepower Nevera electric powered sports car, said it has raised 500 million euros (about $537 million) from investors including Goldman Sachs, Porsche and a know-how fund suggested by Japan’s SoftBank.
The new funding spherical values Rimac at above 2 billion euros.
Rimac built headlines final yr when it agreed to acquire a controlling desire in Bugatti, the ultra-exceptional French automaker that had extensive been part of the Volkswagen Group. As component of that offer, Bugatti and Rimac’s athletics-car or truck enterprise had been put together in a joint undertaking involving Rimac and VW subsidiary Porsche, with Rimac keeping a 55% stake.
The new investment decision is predicted to speed up Rimac’s pivot absent from its roots as a small-scale manufacturer of significant-stop electric sports activities cars. It will keep on to manufacture the $2.4 million Nevera via the joint undertaking with Porsche, as well as a sequence of new versions for Bugatti. But now it programs to emphasis much of its effort and hard work, and most of its refreshing funds, on its Rimac Technologies subsidiary, which develops and manufactures elements for significant-effectiveness electric and hybrid autos made by other automakers.
Rimac Technology has presently attracted several major-identify automaker clients — together with Ferrari, Hyundai, Jaguar, Mercedes-Benz, Porsche and Renault — and past investments from the two Hyundai and Porsche.
Rimac stated it will use this new capital infusion to use 700 new workers, to open up a collection of new places of work in Europe, and to make out a new headquarters currently underneath design in the vicinity of Zagreb, Croatia’s money.
That new headquarters facility — which will involve production and warehouse area as effectively as offices and laboratories — will be the premier developing in Croatia when it is done subsequent calendar year, CEO Mate Rimac advised reporters in a briefing Tuesday.
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