Bugatti Rimac merger completed, signalling a new era for hypercars

The merger between hypercar manufacturers Bugatti and Rimac has been completed, less than six months after it was first announced.

After operating under the control of Porsche, Bugatti has now relinquished 55 per cent of its shares to Rimac – the Croatian-based electric hypercar company responsible for the Nevera.

While Porsche still retains a 45 per cent share of its former subsidiary, it will also benefit from Rimac's experience with electric vehicles, taking a 24 per cent stake in the hypercar company after first investing in the brand back in 2018.

3

Mate Rimac, the 33-year-old founder of the company which bears his name, said he couldn't have envisaged owning the world's most notorious hypercar manufacturer when he started his own brand a decade ago.

"I feel very honoured to lead this new joint company as CEO and, no doubt, start a successful, revolutionary and exciting new chapter for everyone involved," said Rimac.

"I am very excited to see what impact Bugatti Rimac will have on the industry and how we will develop innovative new hyper sports cars and technologies. It’s hard to find a better combination for new and exciting projects."

3

A total of 435 employees will work across Bugatti Rimac, with 300 based in Zagreb, Croatia, and the remaining 135 at Bugatti's base in Molsheim, France, as the new partnership announced it would continue to treat the two brands as separate entities.

Bugatti is currently in the process of winding up production of its Chiron – the successor to the Veyron which debuted in 2016 – with just 40 build slots remaining, capping production to 500 units over the model's lifecycle.