22 Articles
Electric hypercar maker Mate Rimac says SPAC funding could damage industry

'You can get so much money now for companies that do not have a product'

A surge in the use of special purpose acquisition companies (SPAC) for raising money for electric vehicle start-ups could harm the long-term prospects of the industry, Mate Rimac, founder of electric hypercar maker Rimac, said on Thursday. Managers of SPAC companies are not held to the same level of liability about potential growth prospects as managers who raise cash via an initial public offering (IPO) on equity markets, spurring concerns about an investor bubble. "When we go public, I want

Video
Mate Rimac's e-M3 launches itself into FIA record books

A few years back, Mate Rimac replaced the internal combustion drivetrain in his 1986 BMW E30 with an electric one and dubbed it the bi-moto EV – it was originally intended it to have two motors. Then, in a quest to build the fastest electric car ever, he reconfigured that original setup four more times.

Frankfurt
Rimac Automobili Concept One revealed [w/video]

The sheet has been lovingly lifted from the Rimac Automobili Concept One at the Frankfurt Motor Show and the first official images are now available. As the earlier teasers suggested, this electric supercar looks absolutely, well...super! It's hard to believe that a machine with performance that far outshines anything brought forward by established auto companies

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