Porsche has announced that it is acquiring a 10 percent stake in Croatian supercar company Rimac, kicking off what the companies say will be a close collaboration.

Rimac may have became well-known on the heels of The Grand Tour’s Richard Hammond had a serious, life-threatening crash in the company’s Concept One Supercar, but the company has some seriously impressive electric ambitions.

Its C Two, unveiled in Geneva this year, produces around 2,000 horsepower and comes with 250 kilowatt fast charging to boot. Porsche, for its part, has been working towards becoming a leader in performance electric vehicles since it announced the Mission E years ago.

Now, we’re seeing a production version called the Taycan, a crossover-style concept called the Mission E Cross Turismo and of course this investment in Rimac. That, in addition to Porsche already making a range of plug-in hybrid performance cars, sets the company up well for an electrified future.

Advertisement

Rimac CEO Mate Rimac, for his part, said in the release that he sees this not just as a partnership with Porsche but as a segue towards a bigger business as a component supplier to OEMs:

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.”

While supercars are fun, being a core supplier to the entire industry is certainly a more compelling business proposition.