Dueling $2.5 million hypercar EVs arrive this summer

It’s shaping up to be the summer of dueling seven-figure electrified hypercars. But perhaps it’s more of a sibling rivalry, as the Rimac Nevera and Pininfarina Battista share common DNA. Rimac said Tuesday that its $2.5 million 1,914-horsepower Nevera has begun...

Rimac begins production of its $2.5 million Nevera hypercar EV

The $2.5 million Rimac Nevera all-electric hypercar has begun rolling off the assembly line, launching on the world stage as the fastest production car and an emblem of the Croatian EV maker’s advanced battery technology. The sleek, low-slung 1,914-horsepower...

What’s the ‘secret sauce’ behind Croatian EV maker Rimac?

Rimac Group made headlines in June after it raised €500 million ($537 million) in a Series D round led by Goldman Sachs and SoftBank Vision Fund 2. The deal valued the Croatian startup at $2.2 billion, prompting the question: How has this company succeeded where so...

Batteries have become VC and PE’s most electric investment opportunity

For the better part of a decade, VC firms and growth equity funds have plowed nearly $42 billion into battery technology startups across almost 1,700 deals, according to an analysis by PitchBook and TechCrunch. What’s more, about 75% of the investments in that period...