Porsche has finalized the sale of all its shares in the Rimac Group and the Bugatti Rimac hypercar joint venture, generating roughly €1 billion from the transaction.
The deal closed on 9 September 2026 after receiving regulatory clearance. Of the proceeds, €250 million will be earmarked to bolster the German automaker’s pension obligations.
New ownership and management changes
A consortium led by financial investor HOF Capital and supported by the Egyptian Sawiris family purchased Porsche’s stakes in both entities. The investors now hold the controlling interest that previously belonged to the Stuttgart-based group.
Founder Mate Rimac welcomed the new shareholders, stating the partnership “gives additional momentum to our continued growth.” He highlighted recent progress across the Group’s businesses.
The shift removes a long-standing German influence from the hypercar segment, potentially allowing the companies to pursue strategies aligned more closely with electric-performance goals. It also reflects a broader trend of specialty manufacturers seeking capital from diversified investors rather than legacy automakers.
Leadership reshuffle at Bugatti Rimac
Following the sale, Christophe Piochon will leave his roles as President of Bugatti Automobiles and Chief Operating Officer of Bugatti Rimac. Piochon had overseen the brand since the Volkswagen era under Ferdinand Piëch.
Read Also: Auto and Energy Giants Launch Hydrogen Truck Alliance
Mate Rimac will assume the presidency of Bugatti Automobiles, while former Rimac Technology COO Marko Brkljačić will step in as the new COO of the joint venture.
“With more than two decades with Bugatti, Christophe has strongly influenced the brand as it stands,” he said. “On behalf of the entire team at Bugatti Rimac, I want to thank Christophe and wish him every success and take the opportunity to welcome Marko.”
Background of the partnership
Porsche first invested in Rimac in 2018, gradually increasing its holding to a 21 percent stake. The collaboration deepened three years later when Porsche merged its hypercar brand Bugatti with Rimac to create Bugatti Rimac, granting the Rimac Group a 55 percent majority.
Today the Rimac Group operates four distinct divisions. The Bugatti Rimac division develops hypercars using both electric (Rimac Nevera) and conventional (Bugatti) powertrains. Rimac Technology supplies battery systems to OEMs such as the new BMW i7.
The founder, a Croatian who grew up in Germany, created the company in 2009 after converting an old BMW 3 Series into an electric car in his garage. Since 2022 the firm has produced the limited-run Rimac Nevera, capable of reaching 412 km/h.
The completion of the sale ends Porsche’s direct involvement in the joint venture, marking the first time Bugatti Rimac operates without ties to the VW/Porsche ecosystem.