Croatian EV Maker Rimac Reaches $2.2 Billion Valuation With Unique Dual Strategy
Rimac Group raises €500 million in a Series D round by combining high-end hypercar manufacturing with a lucrative B2B technology supply business. This complementary approach attracts major automakers like Porsche and sets the company apart from struggling EV startups.
Rimac Group raises €500 million in a Series D round led by Goldman Sachs and SoftBank Vision Fund 2, bringing the Croatian company's valuation to $2.2 billion. The startup succeeds where many other EV makers struggle by utilizing a unique two-pronged business model. It continues to build extreme hypercars through its Bugatti Rimac division while simultaneously supplying advanced technology to other automakers via its Rimac Technology subsidiary.
This complementary strategy allows the two sides of the business to feed off each other without competing. The hypercar division acts as a high-performance test bed for new innovations, which Rimac then packages and sells as a B2B supplier. The company provides battery technology, software optimization, and advanced driver assistance systems to major clients like Porsche, Aston Martin, Koenigsegg, and Automobili Pininfarina.
The flagship result of this engineering prowess is the $2.5 million Rimac Nevera hypercar, which boasts 1,914 horsepower and accelerates from zero to 60 mph in just 1.85 seconds. Expanding beyond this niche hypercar market is a deliberate move to secure multiple long-term revenue streams that justify its ten-figure valuation. As the company prepares to become a publicly traded entity, its role as a crucial component supplier proves to be the true foundation of its financial strength.