Porsche will take part in a financing spherical of Rimac Automobili that can see the electrical supercar maker elevate 130 million to 150 million euros ($157 million to $181 million), Mate Rimac advised Automotive Information Europe sister publication Automobilwoche.

The strategic funding needs to be accomplished in two to a few months, Rimac, who based the electrical supercar maker in 2009, told Automobilwoche in an interview.

Porsche has a 15.5 p.c stake in Rimac Automobili and will elevate its stake to virtually half in a deal that would come with the switch of Porsche’s Volkswagen Group sibiling, Bugatti, to the Croatian automaker, Automobilwoche mentioned.

Porsche CEO Oliver Blume said earlier this month that intense discussions on Bugatti’s future have been ongoing and that Rimac Automobili might play a task because the manufacturers have been a very good technological match, including {that a} resolution was anticipated within the first half of 2021.

When requested in regards to the deal, Rimac mentioned that he couldn’t present extra particulars.

As a part of the deepening ties with Porsche, Rimac is anticipated to additional broaden its function as a provider {of electrical} elements to the corporate, which is mulling whether or not so as to add an electrical tremendous sports activities automobile within the second half of the last decade.

Rimac Automobili provides its electrical supercar platform to different automakers, together with Automobili Pininfarina. It additionally works with Aston Martin, Koenigsegg , Renault and Hyundai, which has a 14 p.c stake within the firm.

“The supercars have a restricted market, the part market is far bigger. That’s the reason we’re planning to broaden our firm,” Rimac mentioned.

Rimac Automobili is constructing a brand new campus close to Zagreb that can embody an R&D middle, testing grounds, administration and manufacturing and be prepared by 2023. At the moment Rimac Automobili plans to have elevated its workforce to 2,500 from 1,000.