It appears Mate Rimac’s company has done enough to impress Porsche, as the German automaker has acquired a minority stake of 10% in Rimac Automobili. According to Lutz Meschke, deputy chairman of the executive board and member of the executive board for finance and IT at Porsche, the company is hoping to enter a close collaboration with Rimac in the form of a development partnership moving forward.

Meschke also added that Rimac had impressively demonstrated its credentials in the field of electromobility with the Concept_One and C_Two. The latter is an electric hypercar that boasts 1,914 hp and 2,300 Nm of torque, with a top speed of 412 km/h and 650 km of operating range being on the NEDC cycle.

The Croatian company (with around 400 employees) also engineers and manufactures its own electric vehicle powertrain and battery systems, as well as digital interfaces (HMI), which can be beneficial in Porsche’s ambitions to develop more electric cars. Recently, Porsche announced that the Taycan will be its first all-electric sports car which was first previewed by the Mission E concept from 2015.

“This partnership now is an important step for Rimac on our way to become a component and system supplier of choice for the industry in electrification, connectivity and the exciting field of advanced driver assistance systems,” explains Mate Rimac, CEO of Rimac.