Bugatti and Rimac Automobili officially join forces, as Bugatti Rimac, in an incredible partnership to build the ultimate hypercars. The new company is headed by Mate Rimac, as CEO. The new entity, incorporated on the 1st of November 2021, will be headquartered in Zagreb, Croatia, the home of Rimac Automobili.
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The Bugatti Rimac shareholder structure
Rimac Automobili and Bugatti Automobiles have formally merged under the name Bugatti Rimac d.o.o. The new company brings together two automotive powerhouses to create an exciting new movement in the automotive and technology sectors, which was started and promoted by Porsche AG, the well-known German sports car manufacturer.
With a 55 percent interest in the company, the Rimac Group will be the majority stakeholder. Mate Rimac will keep a 35 percent stake in Rimac Group, while Porsche will have 22 percent, Hyundai Motor Group will own 11 percent, and other investors will hold 32 percent.
Rimac Technology, which will be 100 percent owned by the Rimac Group, will design, produce, and provide battery systems, drivetrains, and other EV components for which Rimac is renowned and trusted by numerous automakers.
A unique blend of tradition and innovation
The new enterprise is a one-of-a-kind blend of two technology and automotive pioneers. Rimac’s unique agility, technical experience, and unwavering innovation in the electric vehicle space, coupled with Bugatti’s 110-year history of designing and constructing some of the world’s most famous hypercars, have resulted in the world’s premier hypercar enterprise.
Oliver Blume, Chairman of the Board of Management at Porsche, said: “Together, we are creating a high-performance automotive company. We have succeeded in positioning the traditional Bugatti brand with its charisma for the future in a way that creates value. Bugatti embodies fascination and passion, and Rimac has great innovative strength and tech expertise.”
As a strategic partner, Porsche will play a significant role in the joint venture. Apart from two managers, Porsche AG will designate two Supervisory Board members: Oliver Blume, Chairman of Porsche AG, and Lutz Meschke, Deputy Chairman and CFO of Porsche AG.
Mate Rimac’s leadership and strategic vision have propelled him to the forefront of the business, making him uniquely qualified to manage the new company as Chief Executive Officer. He will lead both Bugatti Rimac and the new Rimac Technology subsidiary as CEO of Rimac Group.
Zagreb, the focal point for Bugatti Rimac operations
Bugatti Rimac’s worldwide offices are now located in the outskirts of Zagreb, Croatia, but will eventually relocate to the newly announced €200 million, 200.000 square meter Rimac Campus, which will also serve as the home of Rimac Technology.
The Rimac Campus will eventually house combined research and development of future Rimac Automobili and Bugatti hypercars, with construction set to begin in 2023. The state-of-the-art building, which can accommodate 2,500 curious visitors and is home to a swarm of revolutionary ideas, is built around high-tech innovation.
The new corporation will employ 435 people, 300 of whom will be based in Zagreb and 135 in Molsheim, France. In addition, 180 employees from Bugatti Engineering’s Wolfsburg facility will work for the new company. Rimac Technology will have a workforce of approximately 900 people. Across its activity sites, the Rimac Group employs around 1.300 people.
“I am honored to be leading this new fusion of automotive minds and begin what will no doubt be a successful, revolutionary and exciting new chapter for everyone involved. I am also extremely curious to oversee the profound impact Bugatti Rimac will have on the industry, and I look forward to developing innovative new hypercars and technologies.”, said Mate Rimac, CEO of Bugatti Rimac.
Bugatti and Rimac will continue as separate brands as well
Rimac Automobili and Bugatti Automobiles will continue to operate as distinct brands and manufacturers, with their own manufacturing facilities and distribution networks in Zagreb and Molsheim, respectively.