Electrified technology firm Rimac Group has raised €500 million (£425m) in funding which, it says, will be used to accelerate large-volume series production for global car makers.
The funds were provided by several international businesses, including Japanese investment firm SoftBank as well as other current Rimac shareholders such as Porsche and Morgan owner Investindustrial.
Despite the investment, company founder Mate Rimac remains the firm’s largest shareholder. The Croatian said the investment will help to support the company’s “ambitious growth plans”.
