Rimac Group has raised €500m from investors, including SoftBank Vision Fund 2, the private equity business within Goldman Sachs Asset Management, as well as Porsche and InvestIndustrial, which are existing Rimac shareholders.
Rimac Group’s value is now estimated at over EUR 2 billion, the company said. The round includes an “eight-figure sum” from Porsche, which now owns 20% of the company, Techcrunch reported.
The company said that the funds would be primarily used to further develop Rimac Technology as it starts large-volume series production for global original equipment manufacturers (OEMs).
Read more: Balkan Green Energy News
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