VW offloads Bugatti to Rimac to form new EV company Bugatti-Rimac – TechCrunch

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Croatian electric supercar startup Rimac Automobili is taking over Bugatti. Rimac will own a controlling 55% share in the new company, Bugatti-Rimac, with VW’s Porsche owning the remaining 45%, according to reports by the Financial Times.

“Rimac and Bugatti are a perfect match in terms of what we each bring to the table,” said founder and CEO of Rimac, Mate Rimac, in a statement. “As a young, agile and fast-paced automotive and technology company, we have established ourselves as an industry pioneer in electric technologies. With the Nevera, we have also proven that we can develop and manufacture outstanding hypercars, that are not only fast but also exciting and high-quality. Bugatti, with over a century of experience in engineering excellence, also possesses one of the most exceptional heritage of any car company in history.”

The company recently unveiled the Nevera, a hypercar powered by a 120kWh battery pack and…

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