Rimac in London

Of course you’re going to find a super car in London

By Gary S. Vasilash

There will be 150 Rimac Automobili Neveras produced. The car is all electric. The car is rated at 1,914 hp.

The Rimac Nevera in London. (Where are the other cars?) Because it is an electric vehicle, it can travel through the Ultra Low Emissions Zone without a problem. (Image: Master Krishan)

In this photo, the Nevera is in London. This outing is the first time the car has been outside of where it was designed, engineered and built, Croatia. It will be going to the Goodwood Festival of Speed later this week. Which is reasonable. It will be part of the hillclimb in the Supercar Run.

Given that its four electric motors power it to 60 mph in 1.85 seconds and up to 100 mph in 4.3 seconds and will hit 186 mph after 9.3 seconds, odds are it will do well.

The Nevera was in London because its official retailer in the country, H.R. Owen, is there.

The vehicle has a sticker of two-million Euro, which is 1,712,730.00 British pounds.

The Nevera will go on something of a world tour, making some 20 stops in Europe, Asia and the U.S.

Odds are the vehicle will be sold out before it gets much further.

A Garage in Croatia

Millions of Euros for an up-and-coming EV OEM. . .

Although the classic Silicon Valley origin story has it that someone comes up with something in a garage and the rest is history, that story occurs in other parts of the world, as in Croatia.

There, a 21-year-old Mate Rimac in 2009 thought about the prospect of developing an electric supercar.

In 2011 he started Rimac Automobili.

And today Porsche announced that it was investing an additional 70-million Euro in the company so that it now owns 24% of Rimac Autmobili.

In 2019 Hyundai Group invested 80-million Euro in the company, so it, too, owns a chunk.

It is somewhat surprising to think that a small company could become important to larger OEMs.

Perhaps more surprising are comments from Lutz Meschke, deputy chairman of the executive board and member of the executive board for Finance and IT at Porsche: “Mate Rimac inspires us with his innovative ideas.”

Yes, a finance guy talking inspiration.

Meschke went on to note, however, “Our investment in the company has turned out to be absolutely right. Rimac’s value has increased many times since our initial investment.”

Porsche bought 10% in 2018.