It has been speculation on the internet for some time now, and finally the Bugatti Rimac merger has been announced. Rimac Automobili issued a press release today of the news that it will combine forces with Bugatti Automobiles to create a new automotive and technological powerhouse. The new company will be called Bugatti Rimac. As part of the deal, the newly formed Rimac Group will be the major shareholder with a 55 per cent stake.
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Rimac has become a leader in the development, production and supply of battery systems, drivetrains and other EV components for many automotive manufacturers. The division responsible for these business activities will be separated into a new entity – Rimac Technology, which will be 100 per cent owned by the Rimac Group. As CEO of Rimac Group, Mate Rimac will run both Bugatti Rimac and the new division, Rimac Technology. See ownership structure at the bottom of this post.
Croatia’s only premium auto manufacturer recently made headlines all over the automotive world with the debut of the production version of its Nevera hypercar (see video at the bottom of this post). The battery powered machine (which you can see in action against a Ferrari SF90 here) has four electric motors that produce just over 1 400 kW and a whopping 2 360 N.m of torque. These outputs allow it to sprint from rest to 100 km/h in under 2,0 seconds; it has a top speed in excess of 400 km/h.
In their own words
Commenting on the Bugatti Rimac merger, founder and CEO of Rimac Automobili, Mate Rimac said, “This is a truly exciting moment in the short, yet rapidly expanding history of Rimac Automobili. We have gone through so much in such a short space of time, but this new venture takes things to a completely new level.
“Rimac and Bugatti are a perfect match in terms of what we each bring to the table. As a young, agile and fast-paced automotive and technology company, we have established ourselves as an industry pioneer in electric technologies. With the Nevera, we have also proven that we can develop and manufacture outstanding hypercars that are not only fast, but also exciting and high-quality. Bugatti, with over a century of experience in engineering excellence, also possesses one of the most exceptional heritage of any car company in history.”
Oliver Blume, chairman of the executive board at Porsche AG: “We are combining Bugatti’s strong expertise in the hypercar business with Rimac’s tremendous innovative strength in the highly promising field of electromobility. Bugatti is contributing a tradition-rich brand, iconic products, a loyal customer base and a global dealer network to the joint venture. In addition to technology, Rimac is contributing new development and organisational approaches.”
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