Porsche Sells Bugatti Rimac Stake and Exits Partnership

Porsche AG has agreed to sell its equity stakes in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, a New York-based investment firm, with the transaction agreements signed on April 24, 2026.

The deal includes Porsche’s 45% minority stake in the Bugatti Rimac joint venture and its 20.6% ownership in Rimac Group, marking a full divestment from both entities. BlueFire Capital is identified as the largest investor within the HOF Capital-led consortium, alongside institutional investors from the United States and the European Union.

Following regulatory clearances, which are expected before the end of 2026, Rimac Group will assume full control of Bugatti Rimac and form a strategic partnership with HOF Capital and BlueFire Capital to support ongoing growth. HOF Capital will also become the largest shareholder in Rimac Group, alongside Mate Rimac, the founder of Rimac and CEO of Bugatti Rimac.

Dr. Michael Leiters, CEO of Porsche AG, stated that the original joint venture established in 2021 successfully laid the foundation for Bugatti’s future and acknowledged Porsche’s role as an early investor in helping develop Rimac Technology into a Tier-1 automotive technology partner.

He added that the sale reflects Porsche’s strategic focus on its core business, expressing gratitude for the constructive cooperation with Mate Rimac and his team over the past years.

Mate Rimac responded by acknowledging Porsche as a crucial partner in establishing Bugatti Rimac, noting that the foundation provided allows for accelerated execution of the company’s long-term vision.

The financial terms of the transaction remain confidential, as agreed by the parties, except where disclosure is required under applicable financial reporting obligations.

Completion of the sale is contingent upon customary conditions precedent, including regulatory approvals from relevant authorities, with closure anticipated before the conclusion of 2026.