Hyundai invests $90M in Croatian startup Rimac to construct an electrical super-hatch

Hyundai RM16 N

As soon as a tiny startup that specialised in electrifying 1980s BMWs, Croatia-based Rimac Automobili has attracted the eye and the cash of a number of huge names within the automotive business. After teaming up with Porsche in 2018, the agency has obtained a major funding from sister corporations Hyundai and Kia that marks the start of a partnership solid to ship zero-emissions efficiency.

Hyundai and Kia will collectively inject 80 million euros (about $90 million) into Rimac. In change, Rimac will assist Hyundai’s performance-oriented N division make an electrical model of the mid-engined prototype (pictured) we’ve seen testing quite a few instances over the previous few years. At first, it appeared like a hot-rodded variant of the Veloster with a turbocharged, four-cylinder engine put in within the house usually occupied by the rear seats. The announcement suggests it’s morphed into one thing fully completely different.

The yet-unnamed sports activities automobile might be positioned on the prime of the Hyundai lineup as a halo mannequin. Earlier in 2019, British journal Autocar reported the mannequin would arrive with all-wheel drive and a gasoline-electric hybrid powertrain. It’s unclear whether or not we’ll finally see each variants of the automobile, or if the engineers in control of the challenge have chosen to navigate in a special path. Equally, technical particulars and the date of the automobile’s launch stay guarded. We’ve reached out to Hyundai for extra particulars, and we’ll replace this story if we hear again.

Curiously, Hyundai and Rimac additionally introduced plans to co-develop a high-performance automobile powered by a hydrogen gasoline cell. Hyundai is a pioneer within the subject of hydrogen expertise, nevertheless it has solely used its experience to make humble, family-friendly crossovers just like the Nexo. Once more, particulars in regards to the mannequin had been few and much between as a result of it’s on the embryonic stage of growth. When it arrives, it should most certainly stand out as the one hydrogen-powered sports activities automobile available on the market. Time will inform whether or not it begins a development, and whether or not it’s offered as a Hyundai; we wouldn’t be shocked to see it be part of the burgeoning Genesis lineup.

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Each initiatives will start earlier than the top of 2020. Rimac isn’t letting the rising variety of partnerships distract it from its primary mission. It stays dedicated to turning the 1,900-horsepower C_Two displayed through the 2018 Geneva Auto Present right into a manufacturing mannequin. Already offered out regardless of a $2 million price ticket, the electrical hypercar will submit jaw-dropping efficiency figures that can ship shivers down Bugatti’s backbone when it reaches manufacturing in 2020.

“Our function as a expertise provider to the business enhances our function as a hypercar producer, and the opposite manner round,” a Rimac spokesperson instructed Digital Traits.