Porsche Sells Bugatti Rimac Stake After Sharp Profit Drop

Porsche has agreed to sell its entire stake in Bugatti Rimac and Rimac Group, following a dramatic 93% decline in operating profits for 2025. The German sports car manufacturer is stepping back from one of its most high-profile strategic partnerships, passing ownership to a consortium led by HOF Capital and BlueFive Capital.

The deal involves Porsche’s 45% share in Bugatti Rimac and its 20.6% holding in the broader Rimac Group. While the exact financial terms remain undisclosed, the transaction will see Mate Rimac, founder and CEO, retain significant influence alongside the new investors. HOF Capital is set to become the largest shareholder in Rimac Group, with several major institutional investors from the US and Europe joining the consortium.

Shift in Strategy and Financial Pressures

Porsche’s decision to divest comes amid mounting financial pressures. The company’s profits plummeted by 93% in 2025, partly attributed to a strategic pivot away from a predominantly electric vehicle lineup toward a broader mix that includes combustion and hybrid models. This underperformance has also affected parent company Volkswagen Group, underscoring the urgency for Porsche to refocus on its core operations and profitability.

Implications for Bugatti, Rimac, and the Market

The change in ownership is not expected to disrupt daily operations at Bugatti. The marque has operated with substantial independence and its next-generation hypercar, the Bugatti Tourbillon, is already confirmed with a naturally aspirated V16 and a hybrid system. For Rimac, the move is a significant milestone, allowing the company and its founder to drive future growth with fresh investor backing and a greater degree of autonomy.

Background and Future Outlook

Porsche played a pivotal role in Rimac’s evolution, helping the Croatian firm establish itself as a key engineering partner in the high-performance EV sector. The 2021 joint venture between Porsche and Rimac provided Bugatti with a roadmap beyond the Chiron era and contributed to Porsche’s own electrification initiatives. Hyundai remains a minor stakeholder in Rimac.

Regulatory approvals are expected by late 2026, after which Rimac Group will assume full control of Bugatti Rimac. The new investor lineup is anticipated to accelerate Rimac’s expansion and technological innovation in the hypercar and EV space.

Editorial Comment

Porsche’s exit from Bugatti Rimac marks a notable shift in the landscape of ultra-high-performance automotive partnerships. While the German brand’s investment helped legitimize Rimac and shaped the current hypercar segment, financial realities are prompting a return to basics. For Rimac, the transition secures both capital and independence, setting the stage for further growth under Mate Rimac’s leadership. The Bugatti Tourbillon project is already secured, ensuring continuity for customers. As Porsche doubles down on its own product line amid fierce market competition and evolving regulatory demands, all eyes will be on how Rimac leverages its newfound autonomy to push technological boundaries in the years ahead.