Tag Archives: Rimac

Rimac Hands the Keys to a New CEO

If you were building a Mount Rushmore of modern European automotive disruptors, Mate Rimac would already be chiseling his own face into the granite. At 38, he has managed to do what most industry veterans need a lifetime to attempt: run not one, but two globally significant car companies. But even the most ambitious founder eventually runs into the same immovable object—time.

This week, the Croatian electric powerhouse confirmed a leadership reshuffle that feels less like corporate housekeeping and more like a strategic rebalancing of an empire. Former COO Nurdin Pitarević steps up as CEO of the Rimac brand, while Rimac himself transitions to president, freeing him to focus more intently on his role at Bugatti, where he remains CEO. Taking over the COO role is Marko Brkljačić, who has effectively been operating in that capacity already.

The Real Story Isn’t the Cars

On the surface, this might read as a changing of the guard at the company that built the 1,914-hp Rimac Nevera, the EV hypercar that rewrote the performance record books. But the truth is more industrial—and arguably more important.

Rimac today isn’t just a boutique hypercar manufacturer crafting carbon-fiber lightning bolts for the ultra-wealthy. It’s a Tier 1 technology supplier moving tens of thousands of battery systems and high-performance power units annually. The real growth engine is Rimac Technology—the division that quietly powers everything from limited-production exotics to major OEM electrification programs.

And that’s precisely where Pitarević comes in.

The Operator Takes the Wheel

Pitarević arrived from Continental with the kind of operational pedigree you don’t usually associate with hypercar dream factories. Over the past several years, he has served as Rimac’s right hand, translating vision into production lines, and ambition into contracts. If Mate Rimac is the visionary who imagines a 250-mph electric missile, Pitarević is the executive who ensures the battery modules arrive on time and under budget.

In Rimac’s own words, Pitarević blends “deep operational experience with clear strategic thinking and a strong sense of people and culture.” Translation: he’s the adult in the room when scaling from dozens of cars to tens of thousands of high-voltage systems.

His mandate runs through 2030 and beyond, and it’s anything but modest. The roadmap includes sweeping digitalization powered by artificial intelligence, plus development of next-generation solid-state batteries—likely in partnership with ProLogium Technology, following an agreement signed in September 2025. If solid-state tech reaches production viability under Rimac’s roof, the company won’t just be building the fastest EVs in the world—it could be supplying the chemistry that defines the next decade of electrification.

Beyond the Nevera

Yes, the Nevera still exists as a rolling proof-of-concept for what happens when engineers are given free rein and a carbon budget that rivals a space program. And yes, the newly revealed Bugatti Tourbillon signals that combustion—albeit heavily electrified—isn’t dead in Molsheim.

But the broader play stretches far beyond halo cars. Partnerships with BMW Group and Ceer Motors are already public. Additional joint programs remain under confidentiality, which in automaker-speak usually means “very real and very expensive.”

This is where the leadership shift makes sense. Rimac the founder thrives on moonshots. Rimac the supplier needs structure, scale, and relentless process optimization. You can’t personally oversee hypercar development in France while simultaneously managing exponential battery output in Croatia—not if you plan to sleep.

Founder as President, Builder as CEO

Importantly, Mate isn’t going anywhere. As president, he retains strategic oversight and the cultural stewardship that made Rimac what it is: fast, fearless, and engineering-obsessed. But day-to-day execution now belongs to Pitarević.

In Silicon Valley terms, this is the classic transition from founder-CEO to founder-chairman. In automotive terms, it’s more unusual—and more telling. Hypercar startups don’t typically evolve into global battery suppliers. Then again, most hypercar startups don’t end up controlling Bugatti.

If Pitarević successfully scales Rimac Technology through AI integration, solid-state breakthroughs, and deeper OEM entanglements, this move won’t be remembered as a simple executive reshuffle. It’ll be seen as the moment Rimac stopped being just the company that built the world’s wildest electric hypercar—and fully embraced its role as one of Europe’s most important EV technology architects.

For enthusiasts, nothing changes. The cars will still be outrageous. The numbers will still be absurd.

But behind the scenes, the company just shifted into a higher gear.

Source: Rimac Automobili

Porsche wants control of Bugatti Rimac

In July 2021, Rimac Group became the majority owner of Bugatti with 55%, and that could soon change. According to the German magazine Manager, Porsche is considering taking a majority stake in order to gain control. The information was confirmed by Mate Rimac, who announced that negotiations are underway.

Porsche currently owns 45% of Bugatti Rimac, and what they most resent about Rimac is the delay in the development of the Turbillon model, for which they hold the developers and their disorganization mostly responsible. They also believe that Rimac has poor organization, as shown by the bad sales results of the Rimac Nevera hypercar. In 2023, Rimac Automobili recorded a loss of 17 million euros, which Rimac explains by investments in new models, including the Tourbillon.

Whether an agreement will be reached on the acquisition of a majority stake in Bugatti Rimac depends not only on Mate Rimac, Porsche CEO Oliver Blume and CFO Lutz Meschke, but also on the remaining shareholders. In addition to these two companies, shares in Bugatti Rimac are also owned by Hyundai, Goldman Sachs, Softbank and Investindustrial.

In an interview with Manager, Mate Rimac said that talks about a possible transaction are underway, but that besides Porsche, there are other interested parties.

Source: Manager

Koenigsegg and Rimac are working together on a new hypercar

The news that Koenigsegg and Rimac Automobili will work together on a new electric hypercar surprised many. Earlier, Koenigsegg CEO Christian von Koenigsegg said the company did not want to produce an electric car. However, his opinion seems to have changed after the news that Koenigsegg will work with Rimac Automobili to develop “Project Spöke.”

For now, there are no photos of the still unnamed electric hypercar. Koenigsegg seems to want everyone to know that Project Spöke is coming. The car will be powered by Koenigsegg’s electric motors. Those who are better acquainted with the events in Koenigsegg are familiar with the company’s inverter David and the electric motor Quark from the Gemer model equipped with Rimac batteries.

With the new car, Koenigsegg wants to improve its current offering. The hypercar will be equipped with a Rimac battery, and it is the same technology used for the Rimac Nevera and Pininfarina Batista models. The combination is perfect, and the 800-volt technology provides an impressive charging speed. Unofficially, the hypercar could easily develop 2,000 hp.

More information about the car is expected by April next year, and potential confidential buyers have already received teasers.

Source: Koenigsegg