Rimac Receives a 500 million EUR investment Hoping To Bolster Its Technology Business

Hoping To Bolster Its Technology Business

Rimac Receives a 500 million EUR investment

/ June 3, 2022 / 205 Views

Rimac Group Raises 500 Million Euro in Series D Investment Round Led by Softbank Vision Fund 2 and Goldman Sachs Asset Management

Rimac Group just raised another investment, this time 500 million euros through a Series D investment round, led by Softbank Vision Fund 2 and Goldman Sachs Asset Management, joining existing Rimac shareholders, including Porsche and InvestIndustrial. Mate Rimac remains the largest shareholder of the Company. The bulk of this recent investment will go directly to the Rimac Technology part of the business. The company is already looking to hire some 700 new employees, in the midst of completing their spanking brand new Zagreb HQ as well.

“Rimac has ambitious growth plans in the next few years, and we are humbled by the support of significant new investors like SoftBank Vision Fund 2 and Goldman Sachs Asset Management believing in our vision. Our gratitude also goes to Porsche and InvestIndustrial who have played an important part in our success so far and reinforced their support with new investment. As we look to rapidly scale the Group, establish new manufacturing processes to meet global automotive demand, recruit 700 talented team members in 2022, open new offices in several locations across Europe and expand our new production facilities at the Campus and beyond, the backing of our expert investors will be an invaluable guide through this uncharted territory. I would also like to personally thank all of our employees as without their hard work, loyalty and enthusiasm for the Rimac vision, we wouldn’t be here today.” – Mate Rimac, CEO of Rimac

As reported by CNBC, Rimac Technology already has quite a high-profile list of clientele. This includes companies like Ferrari, Jaguar, Mercedes-Benz, and Renault. As a result, to keep the current pace of growth, the company sought additional capital. A smart move, especially considering we might be headed into a global recession with an unknown duration.

Rimac, through its subsidiary Rimac Technology, has fast become a Tier 1 technology partner to global automotive Original Equipment Manufacturers (OEMs) through designing, engineering, and manufacturing high-performance electrified vehicle components such as batteries and e-axles. With the influx of new capital, the lost of products, technological solutions and the client list will undoubtedly grow.

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Been in the automotive industry ever since he got out of high school. Loves 911s, and everything BMW makes, even the new cars. He also enjoys racing events, even as a spectator, hanging on the side of the pit wall and taking pictures and drinking espresso that makes want to write more. Too tall to drive almost any supercar, but that doesn't stop him from bashing out people that do. Follows the aftermarket tuning industry in depth. Loves to spend time at BMW Welt. Enjoys too much coffee.
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