Mobility

Investindustrial supports sustainable automotive Innovation with stake in Rimac

Investindustrial supports sustainable automotive Innovation with stake in Rimac

Photo: Rimac Group

Published

April 25, 2022

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Published:

April 25, 2022

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Investment group Investindustrial has committed a total of EUR 120 million of investment in Rimac Group, 100 percent shareholder in Rimac Technology, a producer of high-performance electric vehicle technology and majority shareholder in Bugatti Rimac, manufacturer of the world-record-breaking hypercars Rimac Nevera and the Bugatti Chiron.

Investindustrial is a group of independently managed investment, holding and advisory companies with EUR 11 billion of raised fund capital while Rimac Group develops and manufactures electric hypercars and high-performance components and technological solutions for electric vehicles on behalf of leading car manufacturers around the world such as Porsche, Hyundai, Aston Martin, Koenigsegg, Automobili Pininfarina.

Investindustrial has invested in Rimac Group through various instruments, providing the resources needed to pursue the next phase of growth, Rimac Group said.

Investindustrial helps Rimac to accelerate the transition to electrification

Since investing initially in 2021, Investindustrial has been supporting the company, which is developed with current and prior investments in Ducati, Aston Martin, and Morgan Motors, in order to accelerate the transition to electrification by backing the best available technological solutions for high-performance electric vehicles developed by Rimac Technology, according to Rimac Group.

The sector is at a pivotal point in its sustainable transformation, with sales of electric vehicles expected to make up a third of the market by 2025 and more than 50% by 2030.

Investindustrial’s investment and team has been supporting management as it continues to innovate, both developing world-leading electric and hybrid vehicles and providing leading original equipment manufacturers (OEMs) with best-in-class EV technology, Rimac Group said.

Investindustrial to put its skills and international network at Rimac’s service

Andrea C. Bonomi, Chairman of Investindustrial’s Industrial Advisory Board, said that Investindustrial will put its skills and international network at Rimac’s service.

“We want to be a solid, long-term partner in the implementation of the Group’s cutting-edge technologies, which are fundamental for pursuing the objective of further strengthening its leadership in the electric mobility sector,” he added.

According to Mate Rimac, founder of Rimac Group, that this latest collaboration with Investindustrial not only secures the company’s future ambitions but allows it to tap into decades of global experience.

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