Concept_One gets closer to production as Rimac receives an 8 million euro investment

Article by Christian Andrei, on April 30, 2014

Rimac unveiled the Concept_One at the 2011 Frankfurt Motor Show and the vehicle made quite a buzz, as it was a breathtaking electric supercar. Concept_One was powered by four electric motors built by Rimac, which delivered a total output of 1,088 hp. As a result, the Rimac Concept_One is capable to hit 100 km/h (62 mph) in 2.8 seconds, while top speed was 305 km/h or 189.5 mph.

Moreover, the range offered by the Concept_One was an impressive 600 km or almost 373 mph. According to Rimac, their electric supercar uses two 12,000 rpm motors with power electronics and reduction gearboxes. Rimac already draw attention with the Concept_One and it appears that important businessmen want to invest in the company.

One of these businessmen is Frank Kanayet Yepes, a wealthy South American entrepreneur that made its fortune in the oil and energy business.

Now, Frank Kanayet Yepes wants to invest in the clean energy and Rimac seems to be the perfect choice. As a result, he is investing almost one million dollars and now he is waiting the production and delivery of his own electric supercar.

Kanayet Yepes is also a sports car enthusiast and one of the lucky owners of a Ferrari 599XX, as the Italian manufacturer built only 33 units. Still, Rimac Automobili was lucky enough to get another investment, this time even bigger. Sinocop Resources is a well-known minerals and metals company listed on the Hong Kong stock exchange.

The company also announced a non-binding term sheet agreement to buy a 10 percent stake of Rimac Automobili for 5 million euros in cash and 2 million in stock.

Rimac also builds electric bicycles marketed under the Greyp brand. Dubbed G-12, the electric bicycle costs around 6,000 euros or $8,300. The company aims to deliver 100 G-12 bikes by the end of this year.

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