Porsche just bought a 10 percent stake in Rimac Automobili, per a Porsche press release. Most didn’t see it coming, but in hindsight it makes sense. After all, Porsche is known for making performance vehicles and it’s looking to expand into the electrified space. Rimac, on the other hand, has built a reputation for constructing crazy electric supercars.
The Croatian automaker doesn’t just make cars. It also creates components for EV powertrains and battery systems. Those are two red-hot areas in the industry at the moment. By investing in the company, Porsche could work up an agreement where it gets its hands on the best of what Rimac makes.
This couldn’t come at a better time. Porsche is about to go full-bore on electrics. It will launch the Taycan soon and is in the process of setting up fast chargers in Europe. The Volkswagen brand also is preparing to launch several new electric models, plus is building a network of chargers in Europe and North America.
Not too long ago, nobody knew who Rimac was. When it first showed up on the radar, people didn’t take a Croatian electric supercar seriously. Now it looks like the company is about to balloon in size.