Porsche has officially ended its five-year partnership with the hypercar brand Bugatti Rimac, selling its entire stake in both Bugatti Rimac and the Rimac Group to the American investment firm HOF Capital. While the financial terms of the deal remain undisclosed, the move marks a major structural shift for one of the automotive industry’s most prestigious brands.
A Shift in Control and Ownership
Under the new agreement, the Rimac Group will assume full operational control of Bugatti Rimac. The incoming investors, HOF Capital and its primary investor Blue Five, will shift their focus toward driving strategic growth for the company.
This divestment concludes a significant era for the Volkswagen Group, which has held a stake in Bugatti since 1998. The lineage of ownership follows a complex path:
– 2021: Volkswagen Group sold its stake in Bugatti.
– The Joint Venture: Rimac acquired a 55% share, while Porsche held the remaining 45%, creating the Bugatti Rimac entity.
– 2024/2025: Porsche exits the venture, leaving Rimac as the primary driving force behind the brand.
Why Porsche is Moving On
The decision to exit appears to be a strategic pivot driven by financial necessity and a desire to streamline operations. Porsche has recently faced significant economic headwinds; in 2025, the company’s operating profits saw a staggering decline, dropping to €413 million from a previous year’s high of €5.64 billion.
Dr. Michael Leiters, CEO of Porsche, framed the exit as a way to prioritize the company’s primary objectives.
“Now, with the sale of our stake, we demonstrate that we will focus Porsche on the core business,” Leiters stated, noting that Porsche’s early involvement helped transform Rimac Technology into a leading Tier-1 automotive supplier.
The Future of Bugatti
Despite the change in ownership, the technical roadmap for Bugatti remains ambitious. The brand is preparing to launch the Tourbillon, a high-performance successor to the legendary Chiron and Veyron models. The new model will feature a massive V16 engine capable of producing 1,774bhp, signaling that while the corporate structure is changing, the brand’s pursuit of extreme performance continues.
Mate Rimac, CEO of Bugatti Rimac, expressed gratitude for Porsche’s foundational support, noting that the new structure will allow the company to execute its long-term vision with greater speed.
Conclusion
Porsche’s exit marks the end of a 30-year era of Volkswagen Group involvement with Bugatti, signaling a strategic retreat to core operations amidst declining profits. For Bugatti Rimac, the transition provides a leaner, Rimac-led structure designed to accelerate its high-performance technological evolution.
