Hyundai and Kia make investments $ 90 million in Rimac Automobili

Rimac receives tons of cash and a spotlight from main automakers. The most recent ones are Hyundai and Kia.

They launched into worldwide fame and have been hailed by the absolutely electrical Concept_One hypercar. Richard Hammond crushed certainly one of these throughout the filming of The Grand Tour, which made the builder extra well-known and that for causes that solely made their picture of electrical automotive producers stronger. high-performance and ultra-high efficiency. Rimac is shifting now and has additionally obtained large investments from the largest gamers within the sector. The latest is a joint financing from Hyundai and Kia.

After Porsche AG purchased 10% stake in Rimac and Automobili Pininfarina disbursed $ 91 million for the expertise wanted to realize the Battista hypercar, the Croatian producer of hypercars, Transmissions and electrical battery programs has now discovered a brand new investor – Hyundai and its subsidiary Kia.

Collectively, Korean carmakers invested $ 90 million in Rimac. In return, the Croats will assist Koreans construct the Hyundai N mid-size sports activities automotive and a high-performance gas cell electrical car. Provided that Hyundai and Rimac have already got shut relations with the Croatian firm that provides the Hyundai Motor Group, issues will probably be simpler as soon as the extra elaborate collaboration has begun.

This additionally results in the conclusion that Mate Rimac is now not the bulk shareholder of the corporate. The visionary founder held 52% of the shares final yr and, as the brand new funding is available in, his holdings within the firm have been diminished to a a lot smaller quantity.

Supply: Hyundai

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