We'll get a preview of the company's next new model at next year's Geneva show.
Croatian startup Rimac wants to play in the big kids' court. The brand is raising money to fund the development and production of a second model that will take it one step closer to the mainstream.
Rimac is close to raising 50 million euros, a sum which converts to approximately $60 million. Industry trade journal Automotive News Europe reports a little over half of that sum comes from a China-based company named Camel Group. It manufactures batteries, not cigarettes as its name suggests.
Part of the money will be used to develop a follow-up to the Concept_One (pictured), which gained notoriety a few months ago after former Top Gear host Richard Hammond crashed one while competing in a hill climb in Switzerland. Little is known about the second model; it will presumably be electric, too, and it will put Rimac on the path to autonomy.
Company founder Mate Rimac has ruled out selling his company, which is valued at approximately $237 million. However, he's open to the idea of holding an initial public offering (IPO) in the not-too-distant future in order to raise money.
We'll get our first glimpse of Rimac's second model during next year's Geneva Auto Show. Production will be limited to 200 examples, a figure which promises to make the upcoming car rarer than a Bugatti Chiron.