9/6/2019 | 1 MINUTE READ

The Remarkable Rimac

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Both the car and the man are astonishing

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Mate Rimac

Mate Rimac (Image: Ronald Gorsic)

Although there is significant attention being paid to the launch of the Porsche Taycan all-electric vehicle, what is perhaps as interesting is the announcement today that Porsche has increased its stake in Rimac Automobili to 15.5 percent.

Yes, Porsche, which has just launched its flagship electric vehicle, is increasing its stake in another electric vehicle company.

Who? Rimac Automobili was founded in 2009 in Sveta Nedelja, near Croatia, Zagreb, by Mate Rimac, who wanted to create advanced, compelling vehicles. Electric vehicles.

Like What? For example, there is the C Two, which produces 1,973 hp and is reported to go from 0 to 60 in 1.85 seconds. Specs that are beyond the Taycan. There are plans to build 150 of this exotic.

Rimac C 2

Rimac C Two, an EV that goes from 0 to 60 in about the same amount of time that it takes you to read this—1.85 seconds. (Image: Rimac)

Who Else? This past May Hyundai Motor Group announced an 80-million Euro investment in Rimac, and the two companies said they have established a strategic partnership for the development of high-performance electric vehicles.

What’s More. And while on the subject of 80-million Euro, just under a year ago Automobili Pininfarina, which is owned by Mahindra, announced that Rimac will be providing it with battery and drivetrain expertise, software, and hardware, in a contract worth up to that figure. Pininfarina will be deploying this in its supercar, the PF0.

The Takeaway. When it comes to advanced tech, it isn’t all happening in Santa Clara County. What’s more, given that Porsche, Hyundai and Mahindra are all working with Rimac, it is clear that there is some deep knowledge in Croatia. . .which just happens to be where Nikola Tesla was born (although it was the Austrian Empire back then).

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