In a significant reshuffle within the ultra-luxury automotive ecosystem, Porsche AG has agreed to sell its entire stake in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital. The deal, signed on April 24, marks the end of Porsche’s strategic investment chapter in one of the most talked-about partnerships in the hypercar world.
The transaction, subject to regulatory approvals, is expected to be completed before the end of 2026. While financial details remain confidential, the move signals Porsche’s renewed focus on its core operations—essentially saying, “Danke schön, but we’ll take it from here.”
For context, Porsche held a 45% stake in Bugatti Rimac, the joint venture formed in 2021 with Rimac Group, which owned the remaining 55%. Additionally, Porsche held a 20.6% stake in Rimac Group itself. With this deal, the German marque will fully exit both entities, handing over the reins to a new investor lineup.
The incoming consortium is led by HOF Capital and includes BlueFive Capital as its largest investor, along with institutional players from the US and EU. Post-transaction, Rimac Group will take control of Bugatti Rimac and form a strategic partnership with the new investors, accelerating its ambitions in high-performance electric mobility and beyond.
Dr. Michael Leiters, CEO of Porsche AG, acknowledged the success of the collaboration, stating that the joint venture laid a strong foundation for Bugatti’s future while helping Rimac evolve into a credible Tier-1 automotive technology player. His message was clear—mission accomplished, time to move on.
On the other side, Mate Rimac expressed gratitude towards Porsche’s role in building the joint venture, adding that the new structure would allow the company to execute its long-term vision with greater speed and flexibility. In simpler terms, the training wheels are off, and Rimac is ready to sprint.
HOF Capital’s Hisham Elhaddad emphasized Bugatti’s unique positioning as a brand that blends heritage with cutting-edge innovation, while BlueFive Capital’s Hazem Ben-Gacem described Bugatti as more than a brand—calling it a “monument to automotive obsession.” That’s probably the most poetic way to describe a machine capable of melting tyres and breaking speed records in the same breath.
With Rimac Group set to gain full control of Bugatti Rimac and HOF Capital joining as a major shareholder alongside Mate Rimac, the stage is now set for a new era. One that promises to blend electrification, performance, and legacy—without losing the soul that made Bugatti, well… Bugatti.
For Porsche, it’s a strategic exit. For Rimac, it’s a power move. And for the world of hypercars, it’s another reminder that even at 400 km/h, change is the only constant.
