Car manufacturer Rimac takes over Bugatti and starts making electric Bugatti
Together with Porsche, Rimac takes over Bugatti from the Volkswagen Group. Bugatti is best known for extremely fast hypercars with combustion engines, but under Rimac the company wants to make a fully electric model this decade.
The Croatian car manufacturer writes with the acquisition to combine Rimac’s technological expertise and lean operations with Bugatti’s 110-year heritage of design and engineering prowess. The two car brands will share business units and resources, such as research, development and production. The brands will continue to work independently of each other, Rimac promises, and will keep their current factories in Zagreb in Croatia and Molsheim in France.
To the Financial Times says Rimacs CEO Mate Rimac that Bugatti will make another fully electric car this decade. Bugatti will also make hybrid cars. Porsche CEO Oliver Blume says that no money is involved in the acquisition of Bugatti, but that the sale was made with shares.
For the acquisition of Bugatti, Rimac has set up a new joint venture, which includes the two brands Bugatti and Rimac. Rimac Group will own 55 percent of the Bugatti-Rimac joint venture, Porsche will get the other 45 percent. In addition to shares in the joint venture, Porsche owns 24 percent of the umbrella Rimac Group. Porsche is once again part of the Volkswagen Group.
Rimac is a car manufacturer founded in 2009, focused on making electric hypercars and developing technology for fast electric cars. Get started June, the company unveiled the Nevera. The four engines of this electric hypercar together deliver a power of 1.4 MW, or 1914 hp, and a torque of 2360 Nm. The car has a top speed of 412 km/h and can accelerate from zero to 100 km/h in 1.97 seconds. The Rimac Technology branch of Rimac Group previously supplied EV technology to Aston Martin, Jaguar and various Volkswagen brands, among others.
Left photo: from top to bottom: a Porsche Taycan Cross Turismo, Bugatti Chiron Pur Sport and Rimac Nevera. Right: Rimac and Bugatti’s new corporate structure