# Bugatti-Rimac joint venture starts operations

Porsche, Bugatti and Rimac form the Bugatti-Rimac joint venture, with Rimac Group owning 55% and Porsche AG 45%. The joint company is based in Sveta Nedelja, Croatia, and started operations on November 1, 2021.

- Type: Acquisition
- Announced: 2021-11-02
- Where: Sveta Nedelja, Croatia, Croatia
- Status: completed
- Products: electric hypercars, sports cars
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Porsche](https://endata.com/companies/16802.md) (investor)
- [Rimac Group](https://endata.com/companies/58606.md) (acquirer)
- [Bugatti](https://endata.com/companies/58607.md) (target)

## Sources

- [automotiveworld.com](https://www.automotiveworld.com/news/porsche-green-light-for-the-joint-company-bugatti-rimac/), 2021-11-02: "This merger is the perfect solution for everyone involved. Together, we are forming a powerful automotive company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.