Porsche increases its stake in Rimac by more than 50%

Porsche has increased its stake in electric supercar maker Rimac from 10 per cent to 15.5 per cent as it reveals the Taycan and looks to its electric future.

The Porsche Taycan arrived this week as Porsche’s first electric car, and it looks very impressive and appealing as an electric four-door, four-seat 911.

But the Tyacan is just the first electric car from Porsche, and although we already know we’re going to see a Cross Turismo take on the Taycan surface before too long, we have no certainty about how far Porsche will go with new electric models, or if they plan to turn the 911 and 918 in to electric models in the future.

But what is certain is that Porsche is serious about EVs, and the news that they’ve increased their stake in EV specialist Rimac underlines that.

Last year Porsche took a 10 per cent stake in Rimac, but they’ve now upped that to 15.5 per cent with the aim of intensifying collaboration, particularly in the field of battery technology as they look to deliver more powerful and more dense batteries.

Rimac founder Mate Rimac said:

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.

And Porsche’s Lutz Meschke said:

Porsche has been supporting Rimac and its positive development for a year now. 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.

But it’s not just Porsche who want a bit of Rimac’s magic dust; Hyundai has thrown a chunk of money Rimac’s way, and Pininfarina are using Rimac underpinnings for the Battista.

Is there enough ‘Rimac’ to go round?