Electrified technology firm Rimac Group has raised €500 million (£425m) in funding which, it says, will be used to accelerate large-volume series production for global car makers.
The funds were provided by several international businesses, including Japanese investment firm SoftBank as well as other current Rimac shareholders such as Porsche and Morgan owner Investindustrial.
Despite the investment, company founder Mate Rimac remains the firm’s largest shareholder. The Croatian said the investment will help to support the company’s “ambitious growth plans”.
“As we look to rapidly scale the group, establish new manufacturing processes to meet global automotive demand, recruit 700 talented team members in 2022, open new offices in several locations across Europe and expand our new production facilities at the campus and beyond, the backing of our expert investors will be an invaluable guide through this uncharted territory,” said Mate Rimac.
