Porsche is selling its stakes in Bugatti Rimac and Rimac Group, stepping back from one of its highest-profile investments outside the Porsche brand as it deals with weaker earnings and a more cautious EV market.
The German sports-car maker said it has agreed to sell its 45% stake in Bugatti Rimac and its 20.6% stake in Rimac Group to a consortium led by New York investment firm HOF Capital.
BlueFive Capital is the largest investor in the group, joined by institutional investors from the United States and Europe.
The deal was signed today. It still needs regulatory approval and is expected to close before the end of 2026. Porsche did not disclose the price.
Porsche and Rimac created Bugatti Rimac in 2021, with Rimac Group holding 55% and Porsche taking the other 45%.
Once the sale is completed, Rimac Group will take full control of Bugatti Rimac. HOF Capital will become the largest shareholder in Rimac Group, alongside founder and Bugatti Rimac CEO Mate Rimac.
Porsche CEO Dr Michael Leiters said the sale would let Porsche focus on its core business. That comes as Porsche tries to recover from a rough 2025, when its operating return on sales fell to 1.1%. The company has also had to contend with US tariffs, weaker demand in China and slower demand for high-end EVs.
Porsche has already reworked parts of its electric-car plan. In September 2025, it said some all-electric models would arrive later, while work on a future EV platform for the 2030s would be rescheduled.
Bugatti, meanwhile, has not yet launched a full EV. Its latest car, the Tourbillon, is a hybrid hypercar with an 8.3-litre naturally aspirated V16, electric motors and a 25kWh battery. Bugatti said it can cover more than 60km on electric power alone.
The sale gives Mate Rimac a clearer hold over Bugatti Rimac. For Porsche, it removes one investment from the side of the business while the company works through its own profit and product problems.
