Porsche is strengthening its relationship with EV supercar company Rimac, investing"eight figures" for a total ownership stake of 20 percent,reported. Rimac scored $500 million in total, with additional funds coming in from investment giants Softbank and Goldman Sachs. All of that is a huge vote of confidence in the company, which has become a key supplier and collaborator on EVs built by Hyundai, Porsche and other mainstream automakers.
Despite the influx of cash from Porsche, Rimac said the overall investment will help it remain independent."It’s very good for us to have Porsche and Hyundai onboard as shareholders, but we don’t want to be fully dependent on them," the CEO explained. with Porsche to run Bugatti after Volkswagen ceded ownership. The new entity, called Bugatti Rimac, recently unveiled the 1,914-horsepower Rimac Nevera EV hypercar that will go from 0-60 MPH in 1.
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Why? If a Tesla can go as fast why would anyone buy a so called super electric car. Also porsche is going to implode itself if it’s planning to go electric. There’s no intrigue or cool factor buying an electric Porsche, no engine whine or cool upgrades