Hyundai and Kia make investments $ 90 million in Rimac Automobili

Rimac receives tons of cash and a focus from main automakers. The newest ones are Hyundai and Kia.

They launched into worldwide fame and had been hailed by the totally electrical Concept_One hypercar. Richard Hammond crushed one in every of these in the course of the filming of The Grand Tour, which made the builder extra well-known and that for causes that solely made their picture of electrical automobile producers stronger. high-performance and ultra-high efficiency. Rimac is transferring now and has additionally acquired large investments from the most important gamers within the sector. The newest is a joint financing from Hyundai and Kia.

After Porsche AG purchased 10% stake in Rimac and Automobili Pininfarina disbursed $ 91 million for the expertise wanted to realize the Battista hypercar, the Croatian producer of hypercars, Transmissions and electrical battery techniques has now discovered a brand new investor – Hyundai and its subsidiary Kia.

Collectively, Korean carmakers invested $ 90 million in Rimac. In return, the Croats will assist Koreans construct the Hyundai N mid-size sports activities automobile and a high-performance gasoline cell electrical car. Provided that Hyundai and Rimac have already got shut relations with the Croatian firm that provides the Hyundai Motor Group, issues will probably be simpler as soon as the extra elaborate collaboration has begun.

This additionally results in the conclusion that Mate Rimac is now not the bulk shareholder of the corporate. The visionary founder held 52% of the shares final yr and, as the brand new funding is available in, his holdings within the firm have been lowered to a a lot smaller quantity.

Supply: Hyundai

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