Rimac Technology, the Rimac Group's engineering division, will become a standalone entity dedicated to developing EV technology for the Croatian hypercar maker and third-party manufacturers.
The Rimac Group now consists of two companies: Bugatti Rimac – created when Rimac and French hypercar firm Bugatti merged last year – and Rimac Technology.
The Rimac Group owns 100% of Rimac Technology and a majority stake of 55% in Bugatti Rimac, with the remaining 45% owned by Porsche.
Rimac Technology will expand its operations in engineering, development and production of high-performance battery systems. It will also develop electronic systems, electric drive units and user-interface components.
It will have the capability to produce “tens of thousands of high-performance systems” annually by 2024 and beyond that will eventually scale up to the hundreds of thousands.
Its output, Rimac said, will range from small hybrid battery systems to full rolling chassis, hinting at the potential for simultaneous involvement with large global manufacturers and low-volume firms.
As its own entity, Rimac Technology will be free from any potentially restrictive oversight from other manufacturers, Rimac says, and could technically collaborate with any other firm.
So far, Rimac Technology is known to have worked with Aston Martin, Automobili Pininfarina, Hyundai, Kia, Koenigsegg and Porsche, but the firm said “there are many additional projects which are still unknown to the public”.
“Separating the technology business into its own entity is a natural step, as the focus of the two markets – hypercars and components – are completely different,” said Rimac founder and CEO Mate Rimac.
“The products of Rimac Technology, while being on the cutting edge of performance, also need to be extremely cost-competitive and producible at huge scales, while those issues are secondary for the hypercar business.
“This new structure will enable each company of the Rimac Group to flourish to their full potential while still sharing the synergies between them – for example using our own hypercars as testbeds for new technology before we offer it to other OEMs."
Headquartered in Zagreb, Croatia, the Rimac Group currently has around 1000 employees, but it will move to a larger campus in 2023 with enough space to support 2500 workers.