Croatia's Rimac raises EUR 500 mln finance

by   CIJ News iDesk V
2022-06-07   11:06

Croatian electrified vehicle technology company Rimac Group raised EUR 500 million) in Series D financing, valuing the company at over EUR 2 billion.

“Proceeds will support the company’s continued innovation in manufacturing, production expansion and ongoing talent acquisition,” it is mentioned in the company press release.

The fundraising was led by SoftBank Vision Fund 2 and the Private Equity business within Goldman Sachs Asset Management, with participation from existing Rimac shareholders, including Porsche and InvestIndustrial.
Rimac Technology is ramping up its production capacity and completing works on its new campus, covering 200,000 sqm in Sveta Nedelja near Zagreb.