Bugatti Has Merged With Rimac, Could EVs Be In Its Future?
Bugatti, the legendary hypercar company has joined forces with a promising startup to race towards an electric future. Are electric Bugatti’s on the cards?
- The new company will be known as Bugatti Rimac LLC, led by Mate Rimac.
- Rimac Automobili is splitting into two seperate companies in Rimac Automobili and Rimac Technology.
Speculation on the future of Bugatti has led to some interesting theories. Only now we have a definitive answer. It’s confirmed, Bugatti is to merge with promising electric hypercar startup Rimac in a deal that has EV heads everywhere excited.
The new company, now known as Bugatti Rimac LLC, will be run by Rimac founder Mate Rimac.
Don’t get it twisted. Both companies will continue to operate as separate entities for the time being, which means they’ll continue to work out of their French/Croatian production facilities.
“As a young, agile and fast-paced automotive and technology company, we have established ourselves as an industry pioneer in electric technologies. With the Nevera, we have also proven that we can develop and manufacture outstanding hypercars, that are not only fast but also exciting and high-quality. Bugatti, with over a century of experience in engineering excellence, also possesses one of the most exceptional heritage of any car company in history.”
— Mate Rimac, Founder and CEO of Rimac Automobili
However, from 2023, the company will be based at the new Rimac Campus located on the outskirts of Zagreb.
As part of the deal, the newly-formed Rimac Group will be the major shareholder with a 55% stake.
Mate Rimac will retain his original shareholding in Rimac Group at 37%, with Porsche at 24%, Hyundai Motor Group doing the same at 12% and other investors at 27%.
© Credit to Rimac
Rimac is known throughout the EV world as the name behind the Concept_One electric hypercar — the first of its kind.
In other words, Rimac are more than qualified in taking on a company the size of Bugatti.
Rimac is splitting itself in two with this deal. The development/production/supply of battery systems and drivetrains will be handled by Rimac Technology, an independent company owned by Rimac Group that allows them to continue working alongside global car manufacturers.
Which company benefits more from this deal? Having access to Rimac’s electric drivetrain tells us Bugatti gains more. But what do you think?