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Rimac Technology becomes own entity

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The Rimac Group is now fully operational as an umbrella company that incorporates Bugatti Rimac and the new standalone Rimac Technology business.

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The Rimac Group is the majority shareholder in Bugatti Rimac with a 55% stake and Porsche owning the remaining 45%. Rimac Technology – the sister company to the previously known Rimac Automobili – is set to become a completely independent company, 100% owned by Rimac Group. It will continue and expand its activities in the engineering, development, production and supply of battery systems, electric drive units, electronic systems, and user interface components, the company says.

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Rimac Technology says it is ramping up its production capacity and will be manufacturing tens of thousands of high-performance systems per year by 2024.

Today, Rimac Technology works with automotive manufacturers across Europe. Rimac Technology is publicly known to have worked with OEMs such as Porsche, Hyundai, Kia, Automobili Pininfarina, Koenigsegg and Aston Martin. Rimac Technology says it is ramping up its production capacity and will be manufacturing tens of thousands of high-performance systems per year by 2024 and further ramping up to volumes of hundreds of thousands with products ranging from small hybrid battery systems to full rolling chassis.

As CEO of Rimac Group, Mate Rimac will run both Bugatti Rimac and Rimac Technology. Bugatti and Rimac Automobili both continue as separate respective brands, both operating as part of Bugatti Rimac with shared R&D and other core functions while retaining existing production facilities and distribution channels. Bugatti Rimac represents the company that will develop the future of both Bugatti and Rimac vehicles, by joining resources and expertise in research and development, production, and other areas.

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