Business

Italy's Investindustrial Fund Investing €120m in Rimac Group

By 27 April 2022
Italy's Investindustrial Fund Investing €120m in Rimac Group
Image: Pixsell

ZAGREB, 27 April 2022 - The Italian investment fund Investindustrial is investing a total of €120 million in Rimac Group in several rounds of financing, the high-performance car manufacturer has told Hina.

The money will be used primarily for the further development of the Rimac Technology company and serial production of key components for the electrification of vehicles for global car manufacturers.

The main shareholders in Rimac Group are Mate Rimac (32.64%), Porsche AG (23.5%) and Hyundai Motor Group (10.35%), while all other shareholders hold together 33.76%.

"The shareholding structure is subject to change in the next round of investment," said the group's spokeswoman, Marta Longin.

Investindustrial predicts that every third new vehicle on the road will be powered by electricity by 2025 and every second by 2030.

Mate Rimac started the Rimac Automobili company in 2009 in his garage, and today he employs more than 1,300 people. The company manufactures some parts for Aston Martin, Pininfarina, Hyundai, Kia, Koenigsegg and Porsche, among others, and is well-known for its high-performance sports electric vehicles. It is developing an autonomous vehicle, also known as a robotaxi.

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