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Croatian EV supercar maker Rimac raises 500 million euros

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Rimac Group, the Croatian company best known for its 1,900 horsepower Nevera electric sports car, said it has raised 500 million euros (about $537 million) from investors including Goldman Sachs, Porsche and a technology fund advised by Japan’s SoftBank.

The new funding round values Rimac at over 2 billion euros.

Rimac made headlines last year when it agreed to take a controlling interest in Bugatti, the ultra-exclusive French automaker that had long been part of the Volkswagen Group. As part of that deal, Bugatti and Rimac’s sports-car business were combined in a joint venture between Rimac and VW subsidiary Porsche, with Rimac holding a 55% stake.  

The new investment is expected to…



Source cnbc.com

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