The Bugatti-Rimac alliance was announced by Mate Rimac and Porsche CEO Oliver Blume (Porsche controls Bugatti within the Volkswagen Group). The headquarters will soon open in Croatia.
According to the agreement, 55% of the joint venture shares will belong to Rimac, and 45% to Porsche. This is despite the fact that the German brand previously bought 24% of Rimac shares. Also, Oliver Blume will join the supervisory board of Bugatti-Rimac.
At first, Bugatti will continue production of the Chiron, and Rimac will launch the electric hypercar Nevera into production. However, in a few years, the companies will join forces in creating ultra-fast electric vehicles.
Mate Rimac emphasized that Bugatti and Rimac are a perfect fit for each other, as the young Croatian company has established itself as a pioneer in electric technologies, and Bugatti has more than a century of experience in creating expensive top-class sports cars. Now the two brands will combine their knowledge and technologies to implement interesting and special projects.
