What’s Happening?
Porsche is pulling out of its joint venture with Rimac Group. The German sports‑car maker will sell its 45 % share in Bugatti Rimac and also its 20.6 % stake in Rimac Group to a group of investors led by HOF Capital, with BlueFive Capital as the biggest backer.
How the Joint Venture Started
- 2021: Porsche and Rimac Group teamed up to create Bugatti Rimac, a new company that looks after the legendary Bugatti brand.
- Ownership split: Porsche held 45 % of Bugatti Rimac, Rimac Group owned the remaining 55 %.
- Porsche’s extra stake: Besides the joint venture, Porsche also owned 20.6 % of Rimac Group itself.
Why Porsche Is Selling
Porsche says the move lets the company concentrate on its core business—building high‑performance sports cars. Dr. Michael Leiters, CEO of Porsche AG, noted that the partnership helped launch Bugatti Rimac and turned Rimac Technology into a respected supplier in the auto industry. By selling its shares, Porsche can focus resources on its own vehicle development while thanking Mate Rimac and his team for years of trustworthy cooperation.
Who’s Buying?
The buyer consortium is led by:
- HOF Capital – the main investment firm orchestrating the deal.
- BlueFive Capital – the largest individual investor in the group.
- Various institutional investors from the United States and Europe.
After the sale closes, Rimac Group will take full control of Bugatti Rimac and form a strategic partnership with BlueFive Capital and HOF Capital to support future growth.
Reactions from the Leaders
Hazem Ben‑Gacem, Founder and Managing Director of BlueFive Capital, called Bugatti a “monument to automotive obsession” and said he sees the deal as more than just a financial transaction—he wants to protect the brand’s legacy for generations.
Mate Rimac, CEO of Bugatti Rimac, thanked Porsche for being a crucial partner in creating the joint venture. He added that the strong foundation Porsche helped build now lets Bugatti Rimac move faster toward its long‑term vision, and he’s excited to work with the new investors.
What This Means for Bugatti Fans
- Continuity: The Bugatti name and its hyper‑cars will keep being developed under Rimac Group’s leadership.
- New backing: With fresh capital from BlueFive and HOF, Bugatti Rimac may accelerate projects, explore new technologies, and possibly expand its model lineup.
- Porsche’s focus: Porsche can pour more effort into its own lineup, such as the upcoming electric sports cars and continued improvements to its iconic 911 and Cayenne models.
Conclusion
Porsche’s exit from Bugatti Rimac marks a shift from shared ownership to a solo drive for Rimac Group, supported by new investors. While Porsche steps back to concentrate on its core automotive business, the Bugatti brand gains fresh financial muscle and a clear path forward. Fans can expect the legendary Bugatti spirit to keep roaring, now powered by a different set of partners behind the scenes.
