CroatiaPorsche has sold its stakes in Rimac Group and the Bugatti Rimac joint venture, closing a deal on 9 September 2026 that removes Volkswagen’s last ownership thread to Bugatti. A consortium led by New York’s HOF Capital, with BlueFive Capital as its largest investor, bought Porsche’s 20.6% stake in Rimac Group and its 45% stake in Bugatti Rimac. The agreement was signed in April 2026 and closed once regulatory clearances came through.
The two stakes sat at different levels of the company. Rimac Group, the Croatian company behind the Nevera hypercar, is the parent; Bugatti Rimac is the joint venture below it that has owned Bugatti since 2021. Before the sale, Rimac Group held 55% of Bugatti Rimac and Porsche the other 45%. After it, Rimac Group keeps its 55%, and the consortium now holds the 45% stake Porsche used to hold. Separately, at the Rimac Group level, HOF Capital becomes the largest shareholder alongside founder Mate Rimac, replacing Porsche’s 20.6%.
Porsche’s total proceeds from both stakes were about EUR 1 billion, of which EUR 250 million is tied to pension obligations. Neither Porsche nor Rimac disclosed a further breakdown.
What changes at Bugatti
Mate Rimac becomes Bugatti’s president. Christophe Piochen, whose tenure as Bugatti Rimac’s COO dated back to the Veyron era under Volkswagen ownership, steps down; Marko Brkljacic, previously COO of Rimac Technology, replaces him.
Bugatti had been part-owned by Volkswagen, through Porsche, since 1998. The 2021 creation of Bugatti Rimac already ended Volkswagen’s direct ownership, handing day-to-day control to Rimac while Porsche kept a minority stake and a board seat. This sale removes that remaining stake, so no Volkswagen Group entity, directly or through Porsche, holds any share of Bugatti today.
Bugatti’s own lineup is unaffected by the ownership change: the Tourbillon and the Mistral continue as before, built at the Molsheim atelier in France. Rimac’s own car, the Nevera, is a separate hypercar built at Rimac’s own campus in Croatia.
The Nevera is Rimac's electric hypercar, the car that built the Croatian company Bugatti now runs. Four motors send 1,914 hp to all four wheels for a 1.81-second 0-100 km/h and a 412 km/h top speed, with a 120 kWh battery good for 489 km WLTP. A track-focused Nevera R adds more power and a higher top speed within the same 150-car production run.
