Mate Rimac splits group into 4 companies and sets sights beyond the auto industry

Mate Rimac splits business into 4 companies and moves beyond the auto industry

Mate Rimac has reorganized the group he founded in Croatia, splitting the business that grew out of a startup into 4 companies as he looks to expand beyond the auto industry.

In 1998, Volkswagen bought Bugatti, which was then on the brink of bankruptcy. As RBC reported, Bugatti later came under the control of Croatian company Rimac. At the time that background report was published, the entrepreneur headed the combined company, Bugatti Rimac.

The business is built on hypercar production and battery technology. Its customers include BMW and Porsche. According to Rimac, the company's order book has reached €5 billion.