April 27 (SeeNews) - Investindustrial, a European group of independently managed investment, holding and advisory companies, said it has committed 120 million euro ($127 million) of investment in Croatian technology company Rimac Group through various instruments, providing the resources needed to pursue the next phase of growth.
"Since investing initially in 2021, Investindustrial has been supporting the company by leveraging its deep automotive experience, developed with current and prior investments in Ducati, Aston Martin, and Morgan Motors, in order to accelerate the transition to electrification by backing the best available technological solutions for high-performance electric vehicles developed by Rimac Technology," the two companies said in joint press release last week.
Rimac Group develops and manufactures electric hypercars and high-performance components and technological solutions for electric vehicles on behalf of leading car manufacturers such as Porsche, Hyundai, Aston Martin, Koenigsegg, Automobili Pininfarina and others. Alongside these manufacturers, Investindustrial is supporting the transition to sustainable mobility.
“We want to be a solid, long-term partner in the implementation of the Group’s cutting-edge technologies, which are fundamental for pursuing the objective of further strengthening its leadership in the electric mobility sector,” said Andrea C. Bonomi, chairman of Investindustrial’s industrial advisory board.
Rimac Group is 100% shareholder in Rimac Technology, a leader in high-performance electric vehicle technology, and majority shareholder in Bugatti Rimac, manufacturer of the world-record-breaking hypercars Rimac Nevera and the Bugatti Chiron.
Investindustrial has more than 30-year history of providing mid-market companies capital, industrial expertise, operational focus and global platforms to accelerate sustainable value creation and international expansion.
($= 0.943 euro)