Rimac has one heck of a partner in Porsche, which took a . On Monday, Porsche upped its confidence in the company with a new $83 million investment to take a 24% stake in Rimac. That's not a controlling stake, so both companies remain independent of one another.
Porsche said the closer ties with Rimac will become an increasing positive as electrification continues to creep into high-performance cars. While Rimac is best known for its totally electric supercars, it's also a supplier for a number of automakers. Porsche said Rimac's on its way to becoming a Tier 1 supplier for the industry and the former's ready to support its growth in big ways.
"Mate Rimac and his team are important partners, especially when it comes to supporting us in the development of components," Lutz Meschke, deputy chairman of the executive board at Porsche, said. He added the German marque already placed its first order with Rimac for "highly innovative series components."
While Porsche and Rimac grow closer, the latter's busy putting the finishing touches on its. The EV monster was set to release last year, but like so many other projects, the . We last saw the team , and we know Rimac built a new production line to speed up production to homologate the C_Two. When it does land, it promises a 0-60 mph time of just 1.85 seconds -- a clear shot at , which will do the sprint in a promised 1.9 seconds.