Porsche has completed the sale of its Bugatti Rimac stake, ending its direct ownership involvement in the joint venture that brings together Bugatti and Rimac. The transaction closed on 9 September 2026 after regulatory approval, with Porsche receiving approximately €1 billion from the sale of its interests in Bugatti Rimac and Rimac Group. Abu Dhabi-based BlueFive Capital has acquired a 30% stake in Bugatti Rimac and becomes its second-largest shareholder behind Rimac Group.
The ownership change arrives as Bugatti moves towards series production of the Tourbillon, its new 1,800-horsepower hybrid hypercar, while Rimac continues expanding its role in high-performance electrification and automotive technology.
What Happened to Porsche’s Bugatti Rimac Stake?
Porsche has fully exited Bugatti Rimac and Rimac Group after selling its holdings to an investment consortium led by HOF Capital. BlueFive Capital, the consortium’s largest investor, directly acquired 30% of Bugatti Rimac, while Rimac Group retains its 55% controlling interest. The transaction also changes the shareholder structure around Rimac Group itself.
Porsche and Rimac Group created Bugatti Rimac in 2021. Porsche originally held 45% of the joint venture, with Rimac Group holding the remaining 55%. Porsche also held a 20.6% stake in Rimac Group. The April 2026 agreement covered the sale of both Porsche positions, and the deal was completed after the required regulatory approvals.
The completed structure leaves Rimac Group as the majority owner of Bugatti Rimac, while BlueFive holds 30%. HOF Capital also becomes the largest shareholder in Rimac Group alongside founder Mate Rimac, according to the companies involved in the transaction.
Who Is BlueFive Capital?
BlueFive Capital is an investment manager headquartered in Abu Dhabi that launched in November 2024. The firm says it manages more than $15 billion in assets and focuses on investments across areas including private equity and other private-market strategies. Its Bugatti Rimac investment gives it a direct ownership position in one of the world's most exclusive automotive brands.
BlueFive purchased the 30% Bugatti Rimac stake directly from Porsche and will have one seat on the Bugatti Rimac board, along with two observer seats. That gives the Abu Dhabi-based investor formal representation within the company rather than simply providing capital through the wider consortium.
The transaction also gives Abu Dhabi a more direct connection to Bugatti's corporate ownership at a time when the marque is preparing for its next product generation. However, BlueFive does not control Bugatti Rimac: Rimac Group remains the 55% majority shareholder.
Why Did Porsche Sell Its Bugatti Rimac Shares?
Porsche has described the divestment as part of its focus on its core business. The completed transaction provides approximately €1 billion in proceeds, of which Porsche plans to use €250 million to further fund its pension obligations. The company also updated its 2026 Automotive Net Cash Flow Margin expectation following the transaction.
Porsche's wider strategic realignment provides context for the decision. In the first half of 2026, the company delivered 122,306 vehicles, down 16.5% from 146,391 in the same period of 2025. Revenue reached €17.23 billion, while operating profit increased to €1.35 billion. Porsche has been restructuring its business and preparing a longer-term strategy focused on its core automotive operations.
The Bugatti Rimac transaction therefore represents a portfolio decision rather than a change to Porsche's product portfolio. Porsche no longer holds the previously disclosed stakes in either Bugatti Rimac or Rimac Group following the 9 September completion.
What Changes for Bugatti Rimac?
The ownership transition gives Rimac Group full control of Bugatti Rimac as majority shareholder while introducing BlueFive Capital and other institutional investors into the shareholder structure. The change also comes with a revised leadership setup that places Mate Rimac in a more direct role at Bugatti Automobiles.
Mate Rimac remains CEO of Bugatti Rimac and will also become President of Bugatti Automobiles. Christophe Piochon is stepping down as President of Bugatti Automobiles and Chief Operating Officer of Bugatti Rimac. Marko Brkljačić, previously Chief Operating Officer at Rimac Technology, is planned to join the Bugatti Rimac leadership team as COO.
Bugatti Automobiles Managing Director Hendrik Malinowski is also expected to move into the brand's Chief Commercial Officer role. Bugatti says the leadership changes come as the company opens its new La Manufacture production facility in Molsheim and completes the testing phase of the Tourbillon.
How Does the Bugatti Tourbillon Fit Into the New Ownership Era?
The Bugatti Tourbillon represents the first major production chapter of the Bugatti Rimac era without Porsche as a shareholder. It combines a naturally aspirated 8.3-litre V16 with three electric motors, creating a 1,800-horsepower hybrid system designed to carry Bugatti beyond its W16 generation.
The V16 produces 1,000 horsepower and 900 Nm of torque, while the three electric motors contribute a further 800 horsepower. Bugatti quotes 0–100 km/h in 2.0 seconds and a top speed of 380 km/h in its standard configuration, rising to 445 km/h when equipped with the Speed Key.
The hybrid system uses a 24.8 kWh battery and provides more than 60 km of electric range under the stated WLTP measurement. Bugatti plans to limit production to 250 examples, with a starting price of €3.8 million before taxes.
What Technology Does Rimac Bring to Bugatti?
Rimac's role in Bugatti extends beyond the shareholder structure. Rimac Technology developed key electrification components for the Tourbillon, including its battery and electric powertrain technology. This allows Bugatti to retain a large combustion engine while using electric motors to supplement performance and vehicle dynamics.
The Tourbillon illustrates that approach clearly. Instead of replacing the combustion engine with a fully electric system, Bugatti combines its new V16 with three electric motors. The result preserves a high-revving naturally aspirated engine while adding the immediate response associated with electric propulsion.
Rimac's engineering involvement also extends to thermal management. The company has highlighted the importance of controlling temperatures across the battery and electric motors under the extreme loads created by a hypercar capable of 445 km/h.
How Is Bugatti Preparing the Tourbillon for High-Speed Performance?
Bugatti is using extensive simulation and physical testing to validate the Tourbillon before production. The development programme has included high-speed testing at Nardò, winter testing in Sweden and dedicated tyre development, with engineers evaluating stability, torque vectoring, steering and braking systems across different conditions.
Aerodynamics also play a central role. Bugatti designed the Tourbillon around a streamlined, teardrop-shaped profile with a reduced frontal area and lower overall height than the Chiron. The aerodynamic package aims to balance downforce and drag at speeds approaching 445 km/h.
The car uses a T800 carbon-composite chassis incorporating an integrated battery structure and a rear diffuser with a crash structure. Bugatti has also developed specific tyres for the Tourbillon as part of its final validation programme.
When Will the Bugatti Tourbillon Arrive?
Bugatti has been targeting customer deliveries of the Tourbillon in 2026, with the car now in the final stages of its testing programme. The company says production will take place by hand at the Bugatti Atelier in Molsheim, following the completion of the final W16-powered road cars.
The timing makes the ownership transition particularly relevant. The Tourbillon is the first production Bugatti developed within the Bugatti Rimac structure to combine the marque's next-generation combustion technology with Rimac's electrification expertise. Its development will therefore provide an early indication of how the partnership's technical philosophy translates into future Bugatti products.
Bugatti has also opened its new La Manufacture production facility in Molsheim. The company identifies the facility and the Tourbillon testing programme as two foundations of its longer-term product vision under Mate Rimac's leadership.
What Does the Porsche Exit Mean for Rimac Group?
Porsche's departure removes one of the original shareholders from the Bugatti Rimac structure and leaves Rimac Group with its existing 55% controlling position. The new arrangement brings HOF Capital and BlueFive Capital into the shareholder structure while giving Mate Rimac and his team a clearer ownership and leadership framework around Bugatti.
Rimac Group's businesses extend beyond Bugatti. Rimac Technology operates as an automotive technology supplier focused on electrification, battery systems, e-axles and electronic systems. The company's involvement with the Tourbillon therefore sits within a broader technology operation rather than a standalone Bugatti programme.
The new shareholder structure does not, however, change Bugatti's fundamental position within the joint venture overnight. Rimac Group remains the controlling shareholder, while BlueFive's 30% stake gives it a significant minority position and board representation.
Why Does the Abu Dhabi Investment Matter to the Hypercar Market?
BlueFive's acquisition places Abu Dhabi-based capital directly into the ownership structure behind Bugatti at a major transition point for the hypercar industry. The investment connects the Middle East's financial sector with a low-volume automotive business built around advanced engineering, limited production and high-value collector vehicles.
The UAE already has a visible market for high-performance and ultra-luxury vehicles, particularly in Dubai and Abu Dhabi. Bugatti's products are also part of the wider GCC hypercar landscape, where limited-production models regularly attract collector attention. The new ownership connection is therefore relevant to the region beyond the financial transaction itself.
For Bugatti, however, the immediate operational focus remains on its products, production facilities and technology. The Tourbillon's 1,800-horsepower hybrid system, 445 km/h potential top speed and limited 250-unit production run place the model firmly within the ultra-low-volume hypercar segment.
How Does Bugatti Compare With Other Modern Hypercar Makers?
Bugatti Rimac operates in a segment that includes manufacturers and technology groups pursuing very different approaches to extreme performance. Bugatti combines combustion-engine heritage with hybridisation, while Rimac has built its reputation around high-performance electric powertrains. Other manufacturers continue to develop hybrid, combustion and electric hypercars using their own engineering philosophies.
The Tourbillon's specifications demonstrate Bugatti's particular direction. Its naturally aspirated V16 delivers 1,000 horsepower on its own, while electric motors raise total system output to 1,800 horsepower. Its 445 km/h potential top speed also keeps it focused on the extreme high-speed end of the hypercar market.
Rather than marking a move away from Bugatti's traditional character, the Tourbillon shows how the company is combining a new combustion engine with electrification. The ownership change now places that product strategy entirely within the Rimac-led structure.
What Does Porsche’s Bugatti Rimac Exit Mean for the Future?
Porsche's exit marks the end of its direct involvement in Bugatti Rimac, but it does not end the technical relationship between Bugatti's recent development and the expertise established during the joint venture. Rimac Group now controls 55% of Bugatti Rimac, while BlueFive Capital holds 30% and other consortium investors hold the remaining interest.
The next major milestones will come from Bugatti's product and production programmes rather than the ownership transaction itself. The Tourbillon is approaching series production, La Manufacture is now open in Molsheim, and the company has begun reshaping its leadership team around Mate Rimac's long-term vision.
For Porsche, the sale provides approximately €1 billion in proceeds as the company concentrates on its own strategic realignment. For Bugatti Rimac, the transaction introduces new investors while leaving Rimac Group in control. And for BlueFive Capital, the 30% acquisition creates a direct position in one of the world's most recognisable hypercar businesses.
FAQs
Porsche has fully exited Bugatti Rimac and Rimac Group, while BlueFive Capital has acquired a 30% stake in Bugatti Rimac. Rimac Group remains the controlling shareholder, and the ownership transition coincides with the Tourbillon's final testing phase and a new Bugatti leadership structure.
Did Porsche sell its entire stake in Bugatti Rimac?
Yes. Porsche completed the sale of its 45% stake in Bugatti Rimac on 9 September 2026. Porsche also sold its separate stake in Rimac Group as part of the same transaction.
Who bought Porsche's Bugatti Rimac stake?
A consortium led by HOF Capital acquired Porsche's holdings. BlueFive Capital, the consortium's largest investor, directly acquired a 30% stake in Bugatti Rimac and now ranks as its second-largest shareholder after Rimac Group.
How much of Bugatti Rimac does BlueFive Capital own?
BlueFive Capital owns 30% of Bugatti Rimac. The company also receives one board seat and two observer seats as part of the investment.
Who controls Bugatti Rimac now?
Rimac Group remains the controlling shareholder with a 55% stake in Bugatti Rimac. BlueFive Capital holds 30%, while the remaining interest belongs to other investors within the transaction structure.
What is the Bugatti Tourbillon's horsepower?
The Bugatti Tourbillon produces a combined 1,800 horsepower from its 8.3-litre naturally aspirated V16 and three electric motors. The V16 produces 1,000 horsepower, while the electric motors contribute another 800 horsepower.
What is the Bugatti Tourbillon's top speed?
The Tourbillon has a standard top speed of 380 km/h and can reach 445 km/h with the Speed Key, according to Bugatti's published technical specifications.
How many Bugatti Tourbillon cars will be built?
Bugatti plans to produce 250 Tourbillon examples. The model has a starting price of €3.8 million before taxes.
When will the Bugatti Tourbillon be delivered?
Bugatti has targeted customer deliveries during 2026. The Tourbillon is currently in the final stages of its testing programme before series production at the Bugatti Atelier in Molsheim.
Conclusion
Porsche's sale of its Bugatti Rimac stake completes a significant ownership transition for the hypercar joint venture. BlueFive Capital now holds 30% of Bugatti Rimac, Rimac Group retains control with 55%, and Porsche has exited both Bugatti Rimac and Rimac Group. The change comes just as the Tourbillon prepares to move into production with its 1,800-horsepower hybrid system and 445 km/h potential top speed.
For Porsche, the transaction supports its stated focus on its core business and brings approximately €1 billion in proceeds. For Bugatti Rimac, the immediate focus remains on the Tourbillon, its Molsheim production facilities and the next stage of the company's Rimac-led development strategy.
