After a lot of rumors and speculation, the news was finally announced that Rimac Group has become the majority owner of Bugatti with 55% ownership.

This information was confirmed by Rimac Automobili on its Facebook profile.

The new companies Rimac Bugatt and Rimac Technology will become part of the Rimac Group as of today. The headquarters of Group will be in Croatia, while Bugatti and Rimac Automobili will continue to operate separately.

The Rimac Group will continue to develop innovative technologies for future Bugatti models, while the new company Rimac Technology will manufacture and supply powertrains, battery systems and other components.

Rimac stated that this is an exciting moment in the short but turbulent history of Rimac Automobiles. The company has gone through so much in 10 years of existence. Such a project has raised a young and agile automotive and technology company to a higher level, gaining the trust of partners and a strong position in the high-performance electrical technology industry. With the Nevera model, they have proven that they can develop and produce fast and high-quality hypercars.

Mate R. will retain its existing stake in the Group of 37%, Porsche remains at 24%, Hyundai Motor Group at 12% and other investors at 27%.

Source: Rimac Automobili