Italian private equiy firm Investindustrial has invested €120 million (£99.7m) in the Rimac Group, joining Porsche, Hyundai and other high-profile firms as large-scale investors in the fast-expanding Croatian outfit.
Investindustrial, which in 2019 became the controlling shareholder of British sports car firm Morgan, first invested in Rimac last year, and says it has been supporting Rimac “by leveraging its deep automotive experience, developed with current and prior investments in Ducati, Aston Martin and Morgan Motors”.
