After first appearing in the news almost a year ago, the sale of Bugatti from Volkswagen Group has been executed. Sort of. The new joint venture company will see Bugatti pairing with Rimac under a 45-55 ownership ratio.
However, the Bugatti portion of the joint company will be held by Porsche, where the current owner Volkswagen will transfer its shares to. Bugatti Rimac will have its headquarters in Zagreb, Croatia and is scheduled to be established in the fourth quarter of 2021.
Bugatti will remain at its historic headquarters in Molsheim, France, where it was founded in 1909. The new joint company hopes to leverage on both parties expertise, with Bugatti a world-renowned small volume manufacturer of the highest craftsmanship, carbon fibre construction and other lightweight materials as well as unique and experienced worldwide dealership partners.
Rimac, based in Croatia, on the other hand, has established itself as an industry pioneer in electric technologies, both as a technology supplier (Tier 1) to Porsche and others automakers, as well as designing and manufacturing their own hypercar called the Rimac Nevera.
Porsche first invested in the Croatian technology firm back in 2018 with a 10% minority stake. That increased to 15% a year later and with an investment of 70 million Euro (RM345 million) back in March 2021, Porsche holds 24% of the Rimac shares without exercising a controlling influence.
Mate Rimac, founder and CEO of Rimac said Bugatti and Rimac are a perfect match for each other with pioneering electric technology and hypercar manufacturing business.
For the short term, both companies will continue to produce their own models- the Bugatti Chiron range and the all-electric Rimac Nevera. Jointly developed Bugatti models are planned for the longer term.
The fully-electric Rimac Nevera (formerly known as C-Two) is certainly a match for the Bugatti Chiron, with four motors (each wheel driven by an individual motor) and a 120 kWh battery pack developing 1,914 hp and 2,360 Nm of torque.
0 to 100 km/h is dispatched in just 1.97 seconds, the quarter-mile in 8.6 seconds and a top speed of 412 km/h. Only limited to 150 examples, the Rimac Nevera will cost USD2.44 million (RM10.1 million).
2021 Rimac Nevera