{"id":6920,"date":"2022-06-01T15:15:09","date_gmt":"2022-06-01T15:15:09","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/06\/01\/porsche-strengthens-ties-with-electric-supercar-startup-rimac-in-new-funding-round\/"},"modified":"2022-06-01T15:15:10","modified_gmt":"2022-06-01T15:15:10","slug":"porsche-strengthens-ties-with-electric-supercar-startup-rimac-in-new-funding-round","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/06\/01\/porsche-strengthens-ties-with-electric-supercar-startup-rimac-in-new-funding-round\/","title":{"rendered":"Porsche strengthens ties with electric supercar startup Rimac in new funding round"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/6\/1\/23148698\/porsche-rimac-investment-electric-supercar-500-million<\/a>
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Porsche is strengthening its ties with Rimac, an electric supercar company, by participating in a $500 million investment round for the Croatia-based startup. Porsche didn\u2019t disclose the exact amount it invested in Rimac, except to say it was \u201ceight figures.\u201d And Porsche won\u2019t have a controlling interest in Rimac, retaining its previously disclosed 20 percent equity stake in the company. <\/p>\n

Over the years, Porsche has grown closer to Rimac, buying shares in the company and setting up a joint venture<\/a> to run Bugatti after Volkswagen transferred ownership to the startup<\/a>. Today\u2019s investment news is the latest indication that Porsche has a positive perception of Rimac\u2019s future. Porsche also owns a controlling stake in Greyp<\/a>, an electric mountain bike company also founded by Rimac\u2019s CEO, Mate Rimac. <\/p>\n

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