Mate Rimac Aims to Acquire Porsche’s Share and Lead Bugatti
Mate Rimac, the visionary founder of Rimac Automobili, is taking significant steps toward acquiring Porsche’s share in Bugatti. In a bold move, he aims to simplify operations and secure full ownership of the luxury hypercar brand.
Current Ownership Structure of Bugatti
As it stands, Rimac Automobili holds a 55 percent stake in Bugatti, while Porsche retains the remaining 45 percent. This partnership resulted from a joint venture established in 2021. Despite Rimac’s majority ownership, managing Bugatti has proven complex, prompting Rimac’s recent actions.
Valuation and Acquisition Attempt
Recently, Rimac Automobili proposed buying Porsche’s share in Bugatti, valuing the luxury car brand at approximately $1.1 billion. This potential acquisition signifies a critical expansion phase for Rimac, allowing for greater autonomy in decision-making.
Long-Term Vision
Mate Rimac emphasizes the need for long-term strategic planning without the complications of multiple stakeholders. He expressed his desire to make decisive investments and operational changes without extensive approvals.
Funding for the Acquisition
To facilitate this purchase, Rimac has reportedly secured interest from various investors and private equity firms. This financial backing positions Rimac Automobili strongly in their pursuit of complete control over Bugatti.
Rimac’s Journey and Accomplishments
At just 37 years old, Mate Rimac’s journey is remarkable. He founded Rimac Automobili in 2009 from his garage at the age of 21. The company has since evolved, producing the Nevera all-electric hypercar, which boasts over 2,000 horsepower.
Industry Landscape
Rimac operates in a competitive automotive landscape filled with formidable players. Unlike many, he has proven his capabilities through innovative products and strategic growth. Negotiating with industry giants, such as the Porsche-Piëch family, is a challenge he embraces.
Future Prospects
Discussions regarding the buyout are reportedly ongoing, with expectations that a deal could be finalized this year. A complete takeover of Bugatti would mark a significant milestone in Rimac’s career and the automotive sector.
As negotiations progress, the automotive world watches closely. The outcome could redefine Rimac Automobili’s role in the luxury hypercar market and further enhance its innovative edge.
