Porsche buys stake in Ri­mac

Business Day - Motor News - - MOTOR NEWS - Mark Smyth

While Porsche is busy with the fi­nal devel­op­ment stages on its Tay­can, the com­pany has also been look­ing at other op­por­tu­ni­ties to get in on the elec­tri­fied sports car fu­ture.

Far from keep­ing it all in the Volk­swa­gen Group though, the com­pany has in­vested out­side, tak­ing a 10% stake in the Croa­t­ian elec­tric su­per­car man­u­fac­turer Ri­mac.

Founded in 2009 by Mate Ri­mac, for a num­ber of years the com­pany was known mainly for its GreyP elec­tric bikes, which were de­signed by Chris­tian van Koenigsegg, he of the fa­mous Koenigsegg su­per­cars.

But Ri­mac was al­ways fo­cused on pro­duc­ing elec­tric ve­hi­cles and stunned ev­ery­one when the com­pany un­veiled the Con­cept One. In March this year he did it again, re­veal­ing the con­cept Con­cept Two at the Geneva mo­tor show, an elec­tric ve­hi­cle that gen­er­ates a mas­sive 1,427kW, is claimed to hit 100km/h in just un­der two sec­onds and reach a top speed of 415km/h. The com­pany is also claim­ing it can cover 647km on a charge and recharge up to 80% in 30 min­utes. Just 150 will be built and shipped to cus­tomers in 2019 at a cost of $2m each.

This is the point where we tell you that Ri­mac has a dis­trib­u­tor in SA and that the Con­cept Two will be here, although what the lo­cal cost will be, we are not sure. It does mean the Con­cept Two will ar­rive be­fore Porsche’s Tay­can though.

“By de­vel­op­ing the purely elec­tric two-seater su­per sports cars, like the Con­cept One or C Two, as well as core ve­hi­cle sys­tems, Ri­mac has im­pres­sively demon­strated its cre­den­tials in the field of elec­tro­mo­bil­ity,” says Lutz Meschke, deputy chair­man of the ex­ec­u­tive board and mem­ber of the ex­ec­u­tive board for fi­nance and IT at Porsche.

He adds: “We feel that Ri­mac’s ideas and ap­proaches are ex­tremely promis­ing, which is why we hope to en­ter into close col­lab­o­ra­tion with the com­pany in the form of a devel­op­ment part­ner­ship.”


Porsche has not been spe­cific about what it hopes to get from the deal but Mate Ri­mac says he is plan­ning to make his com­pany a strate­gic com­po­nent sup­plier for the in­dus­try.

“This part­ner­ship now is an im­por­tant step for Ri­mac on our way to be­com­ing a com­po­nent and sys­tem sup­plier of choice for the in­dus­try in elec­tri­fi­ca­tion, con­nec­tiv­ity and the ex­cit­ing field of ad­vanced driver as­sis­tance sys­tems,” he says.

The Ri­mac Con­cept Two which will be com­ing to SA in 2019.

Oliver Blume, CEO of Porsche (left), and Ri­mac CEO Mate Ri­mac.

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