Bugatti Rimac is a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

headquartered in Sveta Nedelja,

Croatia Croatia, officially the Republic of Croatia, is a country in Central Europe, Central and Southeast Europe, on the coast of the Adriatic Sea. It borders Slovenia to the northwest, Hungary to the northeast, Serbia to the east, Bosnia and Herze ...

, known for the car brands

Bugatti Automobiles Ettore Bugatti was a German then French automotive industry, manufacturer of high performance vehicle, high-performance automobiles. The company was founded in 1909 in the then-German Empire, German city of Molsheim, Alsace, by the ...

and

Rimac The Recreation, Intramural, and Athletic Complex (RIMAC /ˈriːmæk/ ''REE-mak'') is a sports complex in San Diego, California, located on the campus of the University of California, San Diego. Opened in 1995, the complex comprises various ath ...

. The two brands were united under the business decision of

Porsche Dr. Ing. h.c. F. Porsche AG, usually shortened to Porsche (; see below), is a German automobile manufacturer specializing in luxury, high-performance sports cars, SUVs and sedans, headquartered in Stuttgart, Baden-Württemberg, Germany. Th ...

, giving control of Bugatti to Mate Rimac and in return receive more share in

Rimac Group The Recreation, Intramural, and Athletic Complex (RIMAC /ˈriːmæk/ ''REE-mak'') is a sports complex in San Diego, California, located on the campus of the University of California, San Diego. Opened in 1995, the complex comprises various ath ...

, which includes Rimac Technology, a company that develops batteries and powertrains. Through this Rimac Group owns 55% and Porsche 45% in Bugatti Rimac. Rimac Group in turn is owned by Mate Rimac, Porsche, Hyundai, and other minority shareholders. Rimac Automobili and Bugatti Automobiles operate as separate brands and manufacturers, having production facilities in

Zagreb Zagreb ( ) is the capital (political), capital and List of cities and towns in Croatia#List of cities and towns, largest city of Croatia. It is in the Northern Croatia, north of the country, along the Sava river, at the southern slopes of the ...

, Croatia and

Molsheim Molsheim (; ) is a Communes of France, commune and a Subprefectures in France, subprefecture in the Bas-Rhin Departments of France, department in Grand Est in north-eastern France.France France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlan ...

. On 20 August 2022, Bugatti Rimac presented its first joint car, the Bugatti W16 Mistral.

References

{{Authority control Battery electric vehicle manufacturers Sports car manufacturers Luxury motor vehicle manufacturers Vehicle manufacturing companies established in 2021 Car brands Croatian brands 2021 establishments in Croatia Zagreb County Car manufacturers of Croatia