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.
A pioneering electric car firm that is developing a 258mph battery-powered supercar is setting up a UK research and development base right next door to Jaguar Land Rover. The firm, Rimac, is also linked to Porsche amid speculation that the pair will soon take control of luxury hypercar firm Bugatti and turn it into an electric-only brand. It also comes as Jaguar Land Rover – currently seeking a new electric drive-train partner - and Crewe-based Bentley have announced ambitious plans to electrify their ranges with new fully-electric models in the pipeline. Rimac's UK R&D hub: The Croatian EV builder - which is being linked to both Porsche and Bugatti - will have new operations out of University of Warwick's Enterprise Park campus It is seen as another step in the road to making the UK a centre for electric vehicle production following the Government's controversial decision to ban sales of petrol and diesel cars from 2030, and longer range hybrids from 2035. Croatian-based Rimac Automobili is seen as one of the world's hottest electric drive-train specialists.
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).
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.
Boosted has launched a new electric scooter with a top speed of 24mph and three brakes. Commuters in New York City tried it out. Scooters used to be toys only for children. Their motorized descendants, however, are now popular among adults. Last year, Americans took 38.5 million trips on shared scooters in more than 100 cities, according to the National Association of City Transportation Officials (NACTO), a nonprofit organization.