Croatia’s Rimac to go public in 2022, Bugatti takeover imminent – report
The Porsche-backed electric vehicle specialist is planning a multi-billion dollar float next year.
Croatian electric hypercar specialist Rimac Automobili will be publicly listed within the next 12 months, according to a new report from German outlet Manager Magazin.
The company is said to be aiming for an initial market capitalisation of approximately €5 billion (AU$8 billion), however the the distribution of stock – and the percentage of equity floated – is yet to be confirmed.
If such a valuation is achieved, the low-volume start-up would be worth roughly the same as mainstream Japanese brand Mazda.
Citing “sources close to the matter,” the magazine also claims Rimac – which already has direct financial ties to Porsche – is imminently preparing to take over Volkswagen subsidiary Bugatti. The alleged details of that arrangement have previously been reported by CarAdvice.
When previously approached for further information, a spokesperson for for Bugatti told CarAdvice: "We do not comment on rumours about our brand." A spokesperson for Rimac said: "There's no comment from our side on this topic."
Last month Rimac revealed its $3.2 million all-electric Nevera hypercar, largely based on the 2018 C_Two prototype. With a claimed 0-100km/h time of 1.97 seconds (and a top speed of 412km/h), it is claimed to be the quickest production car ever sold.
This basic platform will also underpin the upcoming Pininfarina Battista, and likely the next generation of Bugattis.
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