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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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William Davis

William Davis has written for Drive since July 2020, covering news and current affairs in the automotive industry. He has maintained a primary focus on industry trends, autonomous technology, electric vehicle regulations, and local environmental policy. As the newest addition to the Drive team, William was brought onboard for his attention to detail, writing skills, and strong work ethic. Despite writing for a diverse range of outlets – including the Australian Financial Review, Robb Report, and Property Observer – since completing his media degree at Macquarie University, William has always had a passion for cars.

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