FRANKFURT — Volkswagen device Porsche is collaborating in a funding spherical of Rimac Automobili that will see the electric supercar maker raise 130 million-150 million euros ($157 million-$181 million), its owner Mate Rimac explained to weekly Automobilwoche.

The fundraising must be finished in two to three months and one more spherical is prepared at the stop of the year, Rimac informed the trade journal.

Porsche owns a 15.5% stake in Rimac Automobili and could raise its stake to just underneath 50% in a offer that would also consist of the transfer of Volkswagen’s supercar brand Bugatti to Rimac, Automobilwoche mentioned.

Volkswagen and Rimac have been not straight away readily available for remark on Sunday.

Porsche Chief Govt Oliver Blume claimed before this thirty day period that rigorous conversations on Bugatti’s potential have been ongoing and that Rimac could play a purpose as the manufacturers had been a great technological fit, adding that a final decision was expected in the to start with fifty percent of 2021.

Rimac has formulated an electrical supercar platform, which it materials to other carmakers, which include Automobili Pininfarina.

“Supercars have a restricted sector, the industry for elements is considerably bigger. That is why we are planning to increase our business,” Rimac instructed Automobilwoche.

That incorporates designs to extra than double Rimac Automobili’s workforce by early 2023 to 2,500 from 1,000 at present, he reported.

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