Rimac Set to Gain Full Control of Bugatti as Porsche Sells 45% Stake
Rimac gains full control of Bugatti after Porsche sells its 45% stake in the joint venture and 20.6% in Rimac Group to a New York-led consortium, closing by year-end. Th…
Rimac has taken full ownership of Bugatti after Porsche sold its 45% stake in the 2021 Bugatti Rimac joint venture. This shift enables faster decision-making on customer-favored combustion-engine hypercars, including the upcoming V16-powered Tourbillon.
Porsche also offloaded its 20.6% holding in Rimac Group to a New York-led consortium comprising Abu Dhabi's BlueFive Capital, US and EU institutional investors, and Hyundai (now at 11% ownership). The transaction is set to close before the end of the year.
Rimac Group, which started with a 55% stake in the joint venture, pursued complete control to pursue long-term investments without requiring approvals from partner groups.
Porsche's involvement began with a 2018 investment in Rimac Group, followed by transferring Bugatti from Volkswagen Group to establish the Bugatti Rimac joint venture.
Tensions arose from differing visions: Porsche advocated for a fully electric Bugatti to align with its electrification strategy across its lineup by the end of the decade (excluding the iconic 911). Rimac, however, prioritized market demand for high-performance combustion powertrains, launching its second all-electric hypercar while simultaneously developing the Tourbillon's naturally aspirated V16 engine.