Porsche AG has agreed to fully divest its stakes in Bugatti Rimac and Rimac Group, marking a significant realignment of its investment strategy. The buyer is an international consortium led by HOF Capital, with BlueFive Capital acting as the largest investor alongside other institutional backers from the United States and Europe.
The transaction agreements were signed on April 24, 2026, and remain subject to customary conditions, including regulatory approvals. Completion is expected before the end of the year.
End of a Strategic Partnership
Porsche and Rimac established Bugatti Rimac in 2021 as a joint venture combining the heritage of the Bugatti brand with Rimac’s electric vehicle technology. Porsche held a 45% stake in the venture, while Rimac Group controlled 55%. In parallel, Porsche also owned a 20.6% stake in Rimac Group itself.
With the announced transaction, Porsche will exit both holdings entirely. Following completion, Rimac Group is expected to assume full control of Bugatti Rimac while entering into a strategic partnership with the new investors to support future growth.
New Ownership Structure
The HOF Capital-led consortium will take a leading role in the ownership structure of Rimac Group, with the firm set to become the largest shareholder alongside Mate Rimac. This shift is designed to strengthen Rimac’s ability to scale its operations and accelerate its long-term vision in high-performance and electric mobility.
Strategic Refocus for Porsche
Michael Leiters described the move as part of Porsche’s effort to concentrate on its core automotive business. He noted that the partnership with Rimac had successfully positioned Bugatti for the future and helped establish Rimac as a leading Tier-1 automotive technology supplier.
The divestment reflects a broader industry trend of automakers reassessing partnerships and investments as they navigate the transition to electrification and evolving competitive dynamics.
Confidence in Future Growth
Mate Rimac emphasized the importance of Porsche’s role in building the joint venture, while expressing optimism about the company’s next phase under the new ownership structure. The incoming investors echoed this sentiment, highlighting Bugatti’s unique blend of heritage and innovation and their intention to support its continued development.
Financial terms of the deal have not been disclosed, except where required under reporting obligations.
Regulatory Approval Ahead
As with most cross-border transactions in the automotive and technology sectors, the deal will be subject to review by competition and regulatory authorities. While no major hurdles have been indicated, the approval process will be a key step before the transaction can be finalized.
The deal represents a notable reshaping of partnerships in the high-performance automotive segment, with Porsche stepping back and new financial investors positioning themselves alongside Rimac to guide the future of one of the industry’s most iconic brands.
