Say hi to a new supercar powerhouse: Rimac Automobili has taken a controlling stake in Bugatti to form a new company, Bugatti Rimac. Rimac, which recently launched the incredibly fast, $2.44 million Rimac Nevera, is known not only for its electric hypercars, but also for its electric powertrain and battery tech, which is used in several well-known electric sports cars, such as those from Koenigsegg and Aston Martin. Bugatti is a household name among supercar lovers with a tradition going back more than a hundred years; its newest model, the Bugatti Chiron, is the world's fastest petrol car. Announced on Monday, the deal also involves some restructuring within Rimac. The newly formed Rimac Group, which is owned by founder Mate Rimac, Porsche, Hyundai, and other investors, will have a 55 percent stake in Bugatti Rimac -- the company arm that builds cars, consisting of Bugatti Automobiles and Rimac Automobili. The remaining 45 percent is owned directly by Porsche (Porsche is owned by Volkswagen, as was previously Bugatti).
Croatian electric supercar startup Rimac announced that it was taking over Bugatti from Volkswagen to form a new company called Bugatti Rimac. The news was first reported by the Financial Times. Bugatti Rimac will be led by Mate Rimac, who founded the company in 2009 in a garage as a one-man operation. Over that period, Rimac has become a highly desirable brand, with many legacy automakers calling upon the startup to help build their own electric supercars. It's not much of a question why that is.
Electric hypercar company Rimac is taking control of Volkswagen's supercar brand Bugatti as part of a joint venture with Porsche (which VW owns). Bugatti and Rimac will share resources and expertise but remain separate brands with their own production and distribution setups as part of the new company, which will be called Bugatti Rimac. Once the joint venture is up and running, which is expected to happen later this year, Bugatti will be able to harness Rimac's EV knowhow and perhaps carry on its legacy of making electric vehicles. Rimac, meanwhile, can tap into the knowledge of Bugatti, which makes the second-fastest street-legal car on the planet in the Bugatti Veyron. Rimac will own 55 percent of Bugatti Rimac and Porsche will hold the remainder.
The concept electric sports car boasted 1,914 horsepower and the ability to go from 0 to 60 mph in 1.85 seconds. Now, the production version of the car has been rebranded as the Rimac Nevera (which means "sudden storm" in Croatian). The stats are the same: 1,914 horsepower, 258 mph top speed, 0 to 60 mph in 1.85 seconds, and a quarter mile time of 8.6 seconds. And yes, those numbers are nuts, even in an era when super-fast electric cars are becoming commonplace. For example, Tesla's Plaid variant of the Model S sedan goes from 0 to 60 mph in 1.99 seconds.