Investindustrial invests €120M in Croatia’s Rimac

Investindustrial, owner of Morgan Motor Company, has invested €120M in the maker of performance electric vehicles, Rimac. The Italian investment firm is joining Porsche, Hyundai, and Kia on the cap table and will help fuel Rimac’s high-performance electric vehicle technology. While Tesla is the market leader in the electric vehicles space, legacy automakers and investors are looking for ways to jump on the electrification train as well. Having previously held stakes in Aston Martin and Ducati, Investindustrial is further expanding its investment in the Croatian EV company.