Rimac Group has raised another 500 million euros ($536.6 million) to help it build future Porsches, Bugattis, and Koenigseggs.
SoftBank Vision Fund 2 and Goldman Sachs Asset Management led the latest round of funding, which also included Rimac shareholders Investindustrial and Porsche.
Mate Rimac, who founded his eponymous company in a garage in 2009, remains the largest shareholder.
“It’s great to have Porsche on board, but also, you know, we do not want to be fully dependent on them,” Rimac said during a call with reporters on May 31. Porsche holds a 45 percent stake in Bugatti Rimac, the company formed in 2021 between Bugatti, Porsche, and Rimac.