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Porsche has increased its stake in technology and sports car company Rimac Automobili to 15.5 percent. Last year, it purchased a 10 percent stake in the Croatian company.

Rimac develops and produces electromobility components and also produces electrically powered super sports cars in-house.

Rimac’s Managing Director, Mate Rimac, says: “Gaining Porsche as a stakeholder was one of the most important milestones in our history. The fact that Porsche is now increasing its stake is the best form of confirmation for our collaboration and represents the foundation for an even closer relationship.”

He adds: “We are only at the start of our partnership – yet we have already met our high expectations. We have many collaborative ideas that we aim to bring to life in the future. The fundamental focus is creating a win-win situation for both partners and offering our end customers added value by developing exciting, electrified models.”

Lutz Meschke, Deputy Chairman of the Executive Board at Porsche AG and Member of the Executive Board responsible for Finance and IT, says: “We quickly realised that Porsche and Rimac can learn a lot from each other. We believe in what Mate Rimac and his company have to offer, which is why we have now increased our stake and intend to intensify our collaboration in the field of battery technology.” 

Rimac is based in Zagreb, Croatia and employs a workforce of around 550. 

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