The carmaker has acquired a 10% stake in electric vehicle developer Rimac Automobili, adding to a $35m investment by Camel Group in September.

Automotive manufacturer Porsche agreed yesterday to pay an undisclosed sum for a 10% stake in Croatia-based supercar and electric bicycle developer Rimac Automobili as part of the latter’s series B round.

Rimac has not revealed the size of the round but it was led by Camel Group, the battery producer that provided the first $35.3m in September 2017.

Founded in 2009, Rimac has designed and built two all-electric concept supercars, and sells electric bikes under the Greyp Bikes brand.…