FRANKFURT (Reuters) – The Volkswagen Porsche unit is taking part in a round of financing from Rimac Automobili, which will see how the super electric car maker will raise between 130 and 150 million euros (between 157 and 181 million dollars), he said weekly its owner Mate Rimac in Automobilwoche.
Fundraising is expected to be completed in two to three months and another round is expected by the end of the year, Rimac told the trade newspaper.
Porsche owns a 15.5% stake in Rimac Automobili and could increase its stake to less than 50% in an agreement that would also include the transfer of Volkswagen’s supercar brand to Rimac, Automobilwoche said.
Volkswagen and Rimac were not immediately available for comment on Sunday.
Porsche CEO Oliver Blume said earlier this month that there were intense discussions about the future of Bugatti and that Rimac could play a role, as the brands were a good technological fit, and added that ‘expected a decision during the first half of 2021.
Rimac has developed a super electric car platform, which it supplies to other vehicle manufacturers, including Automobili Pininfarina.
“Supercars have a limited market, the component market is much larger. That’s why we plan to expand our company, ”Rimac told Automobilwoche.
This includes plans to double Rimac Automobili’s workforce in early 2023 to 2,500 of the current 1,000, he said.
($ 1 = 0.8282 euros)
Reports by Arno Schuetze; Edited by Susan Fenton