FRANKFURT — Volkswagen unit Porsche is collaborating in a financing round of Rimac Automobili that will see the electrical supercar maker raise 130 million-150 million euros ($157 million-$181 million), its owner Mate Rimac told weekly Automobilwoche.

The fundraising should really be finished in two to three months and a different spherical is planned at the stop of the year, Rimac instructed the trade journal.

Porsche owns a 15.5% stake in Rimac Automobili and could increase its stake to just under 50% in a deal that would also involve the transfer of Volkswagen’s supercar model Bugatti to Rimac, Automobilwoche claimed.

Volkswagen and Rimac have been not instantly out there for remark on Sunday.

Porsche Chief Government Oliver Blume reported earlier this month that extreme discussions on Bugatti’s potential were ongoing and that Rimac could perform a role as the brand names were a excellent technological match, including that a selection was envisioned in the first fifty percent of 2021.

Rimac has designed an electrical supercar platform, which it materials to other carmakers, like Automobili Pininfarina.

“Supercars have a confined market place, the sector for elements is a lot bigger. That is why we are scheduling to broaden our company,” Rimac informed Automobilwoche.

That consists of options to a lot more than double Rimac Automobili’s workforce by early 2023 to 2,500 from 1,000 now, he said.

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