May 23, 2022

Rimac raises $537 million in new funding round, CEO talks potential IPO

Rimac

Investment raised

EUR 500M

Valuation

EUR 1.5B

Stage

Sector

Region

🏆 Deal of the Week · CW 22/2022

Rimac raised EUR 500 million in a Series D funding round, reaching a post-money valuation of EUR 1.5 billion. The round was closed in 2022 and was backed by a consortium of strategic and institutional investors including Goldman Sachs, Porsche, and SoftBank Vision Fund. The deal was recognised as Deal of the Week for KW 22/2022.

Rimac — key deal facts

Company Rimac
Founded 2009
Headquarters Sveta Nedelja, Croatia
Amount raised EUR 500M
Valuation EUR 1.5B
Round Series D
Investors Goldman Sachs (https://www.goldmansachs.com/) Porsche (https://www.porsche.at/) SoftBank Vision Fund (https://visionfund.com/)
Sectors Automotive

Who invested in Rimac?

The Series D was backed by Goldman Sachs, Porsche, and SoftBank Vision Fund. The investor mix is strategically notable: Porsche brings deep automotive industry alignment and an existing partnership with Rimac, while SoftBank Vision Fund adds large-scale technology growth capital and Goldman Sachs contributes institutional financial credibility. The combination of an OEM strategic, a global tech fund, and a major investment bank signals broad confidence in Rimac's dual role as both a hypercar manufacturer and a supplier of EV technology to third-party automakers.

What does Rimac do?

Rimac is a Croatian technology company that designs, engineers, and manufactures electric hypercars and high-performance EV components. Its flagship products include the Concept_One, launched in 2014, and the Nevera, an all-electric hypercar. Beyond its own vehicles, Rimac supplies battery systems, eAxles, and electronic control units to major OEM partners. The company was founded in 2009 by Mate Rimac and is headquartered in Sveta Nedelja, Croatia.

Rimac valuation & multiples

Explore the benchmarks: Series D.

Frequently asked questions

How much did Rimac raise in its Series D?

Rimac raised EUR 500 million in its Series D funding round, announced in 2022.

What is Rimac's valuation?

Rimac's post-money valuation following its Series D was EUR 1.5 billion.

Who invested in Rimac?

The Series D investors include Goldman Sachs, Porsche, and SoftBank Vision Fund.

When was Rimac founded and where is it based?

Rimac was founded in 2009 by Mate Rimac and is headquartered in Sveta Nedelja, Croatia.

Source: original announcement — read the full report.

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