Battery producer Camel Group has supplied $35.3m in funding for electric vehicle technology developer Rimac Automobili, which also counts China Dynamics as a backer.
Battery manufacturer Camel Group has agreed to invest €30m ($35.3m) in Croatia-based electric vehicle (EV) developer Rimac Automobili through a share subscription agreement.
Founded in 2009, Rimac develops and produces electric supercars as well as drivetrain and battery systems. The investment will involve €3m of the funds going to Rimac’s electric bicycle unit, Greyp Bikes.
The capital will also be used to fund the launch of new products and to build a new state-of-the-art production facility for Rimac’s EVs.
Rimac…
