Porsche sells its Bugatti Rimac stake, marking a full exit and shift toward core operations amid global market challenges.
Porsche exits Bugatti Rimac joint venture in strategic stake sale — Porsche AG has agreed to sell its 45% stake in the Bugatti Rimac joint venture, marking a full withdrawal from the high-performance electric hypercar venture as it sharpens focus on its core automotive business.
The joint venture was established in 2021 between Porsche and Rimac Group, with Rimac holding a 55% stake. Under the new agreement, Porsche will sell its stake to a consortium led by HOF Capital, alongside BlueFive Capital as the largest investor. Financial terms were not disclosed.
As part of the transaction, Porsche will also divest its 20.6% holding in Rimac Group, completing its exit from the Croatian electric hypercar maker. Following the deal, Rimac Group will assume full operational control of Bugatti Rimac while forming a strategic partnership with the new investors to support future growth.
The move comes as global automakers face mounting pressure to streamline operations amid rising costs, trade tariffs, and weakening demand in key markets such as China. Industry deal activity has rebounded, with mobility and automotive transactions surpassing $35 billion by the third quarter of last year, reflecting ongoing restructuring across the sector.
Shares of Porsche declined 1.6% in early trading on Friday following the announcement. Company leadership indicated the decision aligns with a broader strategy to prioritize core operations and improve financial resilience.
Chief Executive Officer Michael Leiters said the company’s early investment helped establish Rimac as a leading automotive technology supplier but emphasized that the divestment allows Porsche to refocus on its primary business objectives. Meanwhile, Bugatti Rimac CEO Mate Rimac noted the new ownership structure would accelerate execution of long-term plans.
HOF Capital, co-founded by a member of Egypt’s Sawiris family, and BlueFive Capital, led by former Investcorp executive Hazem Ben-Gacem, said the investment represents a long-term commitment to preserving and expanding the Bugatti brand’s legacy.
