Wednesday, 11 December 2019

Mate Rimac Opening Centre in Slovenia - 3.4 Million Euros in Support?

Beloved Croatian entrepreneur Mate Rimac is expanding Rimac Automobili's business to neighbouring Slovenia, where he will open a test centre code-named Hyper E-Car Lab in Novo Mesto.

As Bernard Ivezic/Poslovni Dnevnik writes on the 11th of December, 2019, Mate Rimac entered into this business in cooperation with the Slovenian company Lastinski Inzenjering from the former Slovenian Minister of Infrastructure, Energy, Transport and Spatial Planning Samo Omerzel.

"Lastinski engineering has offered for us to expand our testing capacities with a facility in Slovenia, which, given the cooperation we have, makes sense not only for us, but also allows many other manufacturers to test their drive systems in the laboratory in Slovenia," says Mate Rimac.

The Hyper E-Car Lab in Slovenia will serve Rimac to test battery and propulsion systems for its own cars, but will also offer such services to other automakers.

"The testing of electric powertrains and battery systems is a relatively new area and all manufacturers are struggling for testing capacities, and although we have certain capacities for that in the company in Croatia, which we're also upgrading, we still need more capacity," Mate Rimac says.

He added that as the industry moves more and more towards electric cars, he believes this is a great opportunity to build such highly sought after competencies and capacities in Slovenia.

The Slovenian media have stated that former Minister Samo Omerzel and Croatian entrepreneur Mate Rimac received 3.4 million euros in support from the Ministry of the Economy for the test centre project in Novo Mesto.

They state that they have explained to them that the project will be "a high-tech laboratory, which will allow for the testing of batteries, propulsion motors and electronics for the batteries of high-capacity electric vehicles."

Make sure to follow our dedicated business page for much more on Mate Rimac and other Croatian entrepreneurs.

Wednesday, 4 December 2019

Rimac's Greyp Bikes Aims for Billion Kuna Revenue Goal by 2024

More than 1000 investors have invested in this Croatian company, raising its market value to a massive 45 million euros. As Poslovni Dnevnik/Bernard Ivezic writes on the 3rd of December, 2019, Greyp Bikes, whose founder and director is the incredible Croatian entrepreneur from Livno, Mate Rimac, has raised 1.44 million euros in capital, 79 percent more than the target, through the popular German platform Neufund.

This concludes, and very successfully so, the first regulated blockchain and cryptocurrency group investment campaign in a company located here in Europe. In the USA, such investment campaigns have been underway since May 2016, the crowdsourcing platforms and campaigns are overseen there by the SEC regulator and FINRA.

Here at home in Europe, however, the move by the Croatian electric car manufacturer and Greyp Bikes owner sets a real precedent on the financial markets here. Greyp Bikes has launched the first legal Equity Token Offering (ETO) in the whole of Europe.

Its compliance with the law was monitored by the Liechtenstein Financial Market Authority (FMA) regulator. ETO is a combination of the controversial and unregulated Initial Coin Offering (ICO) and the more traditional and preregulated Initial Public Offering (IPO). In recent years, many entrepreneurs have opted to raise capital through ICOs because of the low costs involved, which has created pressure on the offer of expensive investment mechanisms, such as IPOs, upon which the world stock exchanges from the NYSE and LSE to the ZSE are based.

Mario Vojvoda, ETO project manager at Greyp Bikes and co-founder and technical director of Croatian startup Tolar, says they have opened a new opportunity for EU companies and investors: "ETO investing will increase financing opportunities for all companies and democratise the availability of money, which is something crucial in markets like the Croatian one, which isn't so much in the focus of big investors,'' stated Vojboboda, noting that Greyp Bikes' ETO still didn't go all that smoothly despite the excellent results we now see in the end.

Potentially the biggest problem was created by the German regulator BaFina, which, as soon as it found out what was going on, issued a statement accusing the Croatian company of potentially issuing a public offering without a prospectus through the aforementioned German platform.

BaFina argued that there was no exemption from the obligation to publish a prospectus for all campaigns advertised in Germany under their Securities Act. It also demanded clarification from Greyp Bikes. Neither Neufund, Greyp Bikes or even crypto experts saw the issue as ETO approval was issued by the Liechtenstein FMA. This turned the debate into a weighing-in of the forces of the two EU regulators. The direction in which that all went is best described by the fact that BaFina did not seek a ban on Greyp Bikes' campaign, that is, it was more than successfully concluded.

Mario Vojvoda politely declined to comment on BaFina's move, but stressed that the most important thing for them from the beginning of campaign planning was that the process was regulatory-compliant and fully legal.

"We've made great efforts to have a serious, transparent, clear and legally clean process and we consider our process to be completely regular," stated Vojboda. He added that it is absolutely crucial for them to have a dialogue with regulators and to make sure all the details are clear. All of this fuss failed affect the ETO campaign. Greyp Bikes had planned to raise 805,617 euros, and in the end, a total of 1017 investors bought stakes in the Croatian company in the amount of 1.44 million euros.

As a result, Greyp Bikes now has a market value of 45 million euro or more than 330 million kuna. Here in Croatia, Funderbeam SEE offers a similar investment opportunity, but for example without cryptocurrency payments. However, as with stock exchanges, it seems crucial to choose a specific target group of investors. Namely, some of the biggest investors and biggest business partners in Mate Rimac's businesses so far come from Germany.

"The campaign has aroused a lot of investor interest and has thus enabled us to create a technology-loving community that is ready for bold steps in technology development, in which it will actively participate with Greyp, Bikes" explained Vojvoda.

Mate Rimac, founder and CEO of Greyp Bikes, sees the company with revenues of one billion kuna by 2024. Last year, according to Fina, the company reduced revenue from 3.6 kuna down to 3.2 million kuna, while the company's losses increased from 2.7 kuna to 7.7 million kuna. On the other hand, it sees growth in the use of blockchain in smart traffic. Neufund itself is already preparing three new ETO campaigns for two startups from Germany and one from India.

Make sure to follow our dedicated Made in Croatia and business pages for much more.

Monday, 25 November 2019

Mate Rimac Opening Research & Development Centre in UK

As Novac/Ilija Matanovic writes on the 24th of November, 2019, lately it has become somewhat difficult for a week to pass without a story popping up somewhere about the truly amazing Mate Rimac and his company: the latest, published in the British automotive magazine Autocar, says that Mate Rimac is set to open an R&D (research and development) centre in the UK.

This information was confirmed today by Rimac Automobili for Jutarnji list, with emphasis being place on the fact that the whole story is still in its very early planning stages, which means that no specific details are yet known, including the size of the office itself or the number of employees. According to the author of the text at Autocar, Mate Rimac told him that he "loves working with the British" and that he considers the "United Kingdom home to the best and most pragmatic European engineers".

''We're looking for engineers for positions that are very difficult to fill, and the United Kingdom is a country with such staff,'' read a statement from Mate Rimac's company.

Autocar spoke with Rimac about the deal between Rimac Automobili and the London-based HR Owen, a group that represents some of the world's most luxury car brands in the UK and is the world's largest dealer of Rolls-Royce, Bentley, Lamborghini and Bugatti.

After Rimac unveils a production version of its C_Two model at the Geneva Motor Show in March, it looks like HR Owen will be the place to sell the car and provide after-sales support to customers when production begins at the end of 2020. It will become available to British customers in 2021 for around £2m, orders are being received now and deliveries will be dealt with exclusively by the HR Owen Experience Center in Hatfield, England.

Mate Rimac told Autocar that the production model would not be called C_Two, but would be given a new name.

''I can't reveal it to you yet. We haven't decided yet,'' Rimac told the English car magazine. He added that between 40 and 50 copies of that hypercar will be produced, plus an equal number of Pininfarina Battista, a car that uses Rimac's carbon chassis and mechanics. Mate Rimac explained that he would carefully limit the production of his cars because "if we stay below 100 copies a year, the big players won't care about that."

In addition, at the recently-opened Los Angeles auto show, Hyundai sports chief N Albert Biermann confirmed that they were already far behind in the development and testing of high-performance electric prototypes, in collaboration with Rimac (it's worth recalling that Hyundai has entered into the ownership structure of the Croatian company with an investment of 80 million euros). Biermann said Hyundai's plan is to come out with as many as 44 eco-friendly vehicles by 2025.

In addition, it should not be forgotten that through the Porsche investment in Rimac's company, the entire Volkswagen Group is in some way affiliated with this utterly remarkable Croatian company.

Make sure to follow our dedicated Made in Croatia and business pages for much more.

Tuesday, 12 November 2019

Hyundai Reaffirms Support for Rimac Automobili: We Believe in Mate

The past few weeks have showcased just how important Hyundai's investment in Rimac Automobili actually is, and not just in an economic sense. Can the Croatian Government manage to match his advanced level of thinking?

As Poslovni Dnevnik/Vecernji list writes on the 12th of November, 2019, Germany's Angela Merkel has set out to set up a million electric car refuelling stations across Germany by 2030, by 2022 there should be 50,000 of them, which will cost three and a half billion euros in total. This is already a serious increase given that there are now 21,000 such locations across Germany.

In addition, new subsidies from the German Government for electric cars were introduced, all after the German chancellor attended the presentation of Volkswagen's ID.3, a fully electric car with aspirations to replace even the likes of the Golf one day. The idea clearly left an impression on the most powerful woman in Europe, and she made sure the measures to get things moving were in place.

Mate Rimac, known for being far more forward thinking than the Croatian Government, was absolutely right in investing heavily in electric vehicles, and especially on a regular basis, pointing out that his company was primarily concerned with technology, and only then does concern for cars follow.

''The car industry is changing like never before. Now it has much more potential and it's a great opportunity for Croatia. We don't exist today because we know how to make lights or doors well, that's been being done for a hundred years now, but because we started something that was new even to them at the time,'' Rimac told Prime Minister Andrej Plenković during his visit to his company in Sveta Nedelja this summer. The visit was, quite shockingly, the very first Plenković had ever made to the factory.

"I remember very well the enthusiasm in Croatia last year caused by the success at the World Cup. The automotive industry needs to get just that kind of attention. We firmly believe in Mate Rimac, his ideas and his technology. We can provide our knowledge and experience in this regard, but it just isn't going to be enough without the Croatian Government's support. Much more is needed, especially when it comes to education, such as forming projects that will allow the educated to stay here,'' said Lutz Meschke, Porsche's high-ranking manager.

The meeting with Plenković came after big news which regarded the investment of an enormous 80 million euros, or 600 million kuna, from Hyundai into Rimac Automobili.

"Rimac Automobili is an innovative company with outstanding performance in high-performance electric vehicles," said Euisun Chung, executive vice president of the Hyundai Motor Group.

''Their startup roots and extensive experience in working with car makers combined with technological strength make Rimac Automobili an ideal partner for us. We're looking forward to working with Rimac on our path to clean mobility,'' Chung said.

The information provided alongside the investment stated that Hyundai Motors wants to accelerate its transition to clean mobility and position itself as a global leader in driving this change in the industry. One of the key measures to achieve this is electrification, and precisely along those lines - they plan to market 44 electrified car models by 2025.

Having partnered with a number of major global car companies, this was the final confirmation of the good direction Rimac Automobili is heading in. This process involves not only a Croatian company, however, but Croatia as a country, and many steps need to be taken.

''At the June meeting, we presented very specific measures that Croatia needs to take to make it attractive for such investments. The meeting was attended by the leading people of Porsche (a member of the VW Group) and Hyundai. I'm pleased that how much such an investment would mean for Croatia has been recognised, and I hope that the government will use the analyis and suggestions we've made and the contacts we've established to attract such investments. If there is any way we can help in this process, we're of course available. We have attracted more than 150 million euros in foreign investment and we're working with all the major players in this area,'' Rimac told Vecernji list.

Make sure to follow our dedicated Made in Croatia and business pages for much more.

Tuesday, 8 October 2019

Wall Street Journal Sings Rimac's Praises, Makes Comparison with Musk

As Telegram/Vedran Vrabec writes on the 7th of October, 2019, the highly respected American newspaper The Wall Street Journal published a conversation a few days ago with famed Croatian entrepreneur Mate Rimac, whom they refer to as "the next Elon Musk", claiming that ''Mate Rimac sells lightning in a bottle.''

The wildly popular New York daily begins its story by listing Rimac's numerous business successes.

This Croatian entrepreneur's incredible technology is embedded in the cars of famous manufacturers such as Aston Martin, Renault and Koenigsegg, his company attracted investment from Hyundai and Porsche, and VW acquired a 5.5 percent stake in Rimac's company last month, according to the aforementioned text.

"I think he's a genius," Heiko Mayer, who works on the Porsche electric model project, Taycana, said of Rimac. "I think he's going to become a legend."

Last month, Koenigsegg's Reger, a supercar powered by Mate Rimac's battery system, broke one of its most extreme speed records, when it reached 0 to 400 km/h in just 31.49 seconds, WSJ reports.

"Why do all these big companies come to strange, remote Zagreb, when they themselves have far greater resources? What is it that Rimac is doing differently?'' asked a New York journalist who spoke to the Croatian businessman.

"There's no 'silver bullet' that will solve all your problems," said the entrepreneur from Livno, Bosnia and Herzegovina, who impressed the journalist with his excellent command of English, among other things. "There's a lot of optimisation, trying new things, experimenting; it's important to be quick, to test out ideas, concepts, simulations and detailed prototypes over and over again,'' explained Rimac.

The same is done in Porsche, the journalist notes, to which he explains that big manufacturers must be "technologically conservative." Rimac himself is certainly not conservative, as evidenced by the fact that his company's technology has not been patented. "If someone is so good to be able to copy us, go ahead, copy us, you deserve it. We're so quick that we move forward two generations before that technology can be protected,'' he said.

Mate Rimac built his business entirely from scratch, as the text states. The Republic of Croatia is one of only a handful of EU member states where there is no production of cars or auto parts other than his company, it is noted.

Rimac says his lack of investment from abroad was a big problem in the early stages of starting a business, as was the fact that there was nobody in Croatia to learn from about that type of business. "There was no market, there were no companies from which we could pull workers with some experience. Nobody knew how to make a chassis or a suspension, develop a crash test, develop headlights...'' Rimac tells WSJ of his rough beginnings.

His first product, the Concept One, turned out to be a real electric beast. It gained worldwide fame in 2017, when Richard Hammond, the host of the popular British show Top Gear, crashed it. To date, the company has recruited up to 600 employees, and has outgrown its existing facilities. Last year, Rimac introduced a successor to the Unit, named the C_Two.

In addition to the new car, Rimac Automobili is also planning a new complex, which reminded the respected American publication of something otherworldly, almost as if out of Star Trek. Rimac's new campus is set to be built on land covering 22 acres, near a 15th-century mansion. Among other things, it will have a green roof, and will also be home to animals, and Rimac (who is a vegetarian) hopes that their presence will make people think twice about eating meat.

In addition to all of the above, the complex will also feature a large outdoor meeting space, restaurants, a nursery, a hotel in the woods and more.

In addition to the production of parts for large automotive companies, a smaller number of Rimac supercars will be produced there, no more than three or four per month. "Costing two million dollars per car, this is no small business," said Rimac, whom the Wall Street Journal describes at the end of the text as a man obsessed with cars, speed, technology and, more recently, the launch of the Croatian automotive industry.

"Is all this good for me? Certainly not,'' Mate says with a laugh. "To do something like this means sacrificing everything else. I've accepted that. I have no time for myself or my friends.''

When asked about how he feels about Elon Musk, Rimac replies that he has never spoken to him. "But I'd like to talk about some things," he says.

Make sure to follow our dedicated business and Made in Croatia pages for much more.

Sunday, 29 September 2019

Mate Rimac Expects Quick Growth of Rimac Automobili

As Bernard Ivezic/Poslovni Dnevnik writes on the 29th of September, 2019, the 2018 annual report states that Mate Rimac's company has increased its investments to an enormous 106.7 million kuna, four times more than the year before. The level of investment offers some of the answers as to why Mate Rimac continues to do so well.

Mate Rimac, founder and CEO of the most famous Croatian startup Rimac Automobili, told Poslovni Dnevnik that he expects that in three to five years, his company will start to grow rapidly in terms of revenue. According to Business Croatia (Poslovna Hrvatska), Mate Rimac's now famous company has increased its revenue a more than impressive 7.5 times in the last five years. Last year, it amounted to 79.8 million kuna.

In addition, this week, the Croatian electric car maker was named the third fastest growing technology company in Europe, the Middle East and Africa by Deloitte, which also noted that it had experienced an increase of an amazing 361 percent.

"It's relatively easy to get on this list once, but this is our fourth year of being on it, which we're proud of, because it shows that we're able to sustain an upward trend in the long run," Rimac stated. He clarified that he also has a long-term strategy.

"Every year, we have significant growth, but our goal is to reach much more significant figures in five years, which is much more important to us than our previous financial results or the results in the next two to three years," Rimac said, adding that this year, his company has seen significant and quick growth.

As previously mentioned, the company's 2018 annual report states that Rimac Automobili has increased its investments to 106.7 million kuna, four times more than the year before.

"The development of a car takes 4-5 years, and just as long ago we started developing components for small-scale manufacturers such as Koenigsegg and Aston Martin, which means that these projects are now in series production," noted Mate Rimac.

He stated that in the past year, they have been transitioning from prototyping and small-scale production to large-scale production and the development and production of large series components for companies like Porsche and Hyundai.

Rimac says there are also more partner companies, but he can't mention them. This is similar to the agreement on cooperation with Pininfarina Cars which was signed off last September. It involves the development of a platform, propulsion components, batteries and other systems, and the job is worth a huge 80 million euros in total.

Make sure to follow our dedicated business and Made in Croatia pages for more information on Mate Rimac and much more.

Friday, 27 September 2019

Mate Rimac's Company Collects Almost 1 Million Euros in 48 Hours

As Poslovni Dnevnik writes on the 26th of September, 2019, Croatian entrepreneur Mate Rimac's company, Greyp Bikes, has managed to raise nearly one million euros (7.4 million kuna) from interested investors through a public offering of a digital token they launched on Monday, which we reported on recently.

Naturally, the popular company was expecting good results, according to Philip Nendl, project manager at Greyp Bikes, but they didn't by any stretch of the imagination expect that in the first 48 hours of launching the campaign, which is still a novelty in Croatia and around the world, they'd already ''have'' 2000 investors, half of which are from here in Croatia.

The greatest level of interest lies in the fact that the new investment model, so-called crowdinvesting, anyone can become a shareholder in Mate Rimac's electric bike company, of which Porsche owns an 11 percent stake, for a minimum investment of 100 euros.

The investment is managed through the German Neufund token issuing platform, which uses this new model (Equity Token Offering - ETO), that is, shares in a particular company through blockchain technology.

Since the Berlin-based platform has recently been licensed by regulatory agencies in Liechtenstein and Germany, making it the first legally regulated blockchain platform to make investments for the "ordinary people", Mate Rimac's company is the first company in the Republic of Croatia and indeed worldwide to launch a campaign through them with public token offerings.

Platform investors, as Nendl explains, don't have to be accredited or have a broker to invest, they just have to leave their information. Once identified, the investor is credited with the purchase of a token, after which they are entitled to participate in a fourteen-day private sale in which all pre-registered investors receive a 10 percent discount.

For a minimum stake of 100 euros, the investor will receive about 16 tokens because the value of one token is 0.16187 euros, and one million tokens represents one share, according to a report from Jutarnji list.

Make sure to follow our dedicated business and Made in Croatia pages for more information on Mate Rimac and much more.

Saturday, 21 September 2019

Everyone Can Become Shareholder in Mate Rimac's Firm as of Monday

As Filip Pavic/Novac writes on the 20th of September, 2019, Greyp Bikes, an electric bike company owned by Croatian entrepreneur Mate Rimac, which is also the sister company to the famed Rimac Automobili, is launching a digital token public offering.

More specifically, starting on Monday, September the 23rd, Greyp is launching a crowdfunding campaign in which any interested investor, with a minimum stake of 100 euros, can become a stakeholder in Mate Rimac's Greyp Bikes and stand by the side of giants such as Porsche, which holds an eleven percent stake there. Mate Rimac's company notes that the investor thus exercises the right to vote in the company's management decisions and has the right to the payment of dividends.

As Filip Nendl, project manager at Mate Rimac's Greyp, explained, their public offering of tokens, namely equity token offering (ETO), is among the first such of fundraising models in the whole world. It's not a classic listing on the stock market because it is done through blockhain technology, but neither is the ICO (initial coin offering) version of crowdfunding in the crypto-world, something that has been extremely popular in recent years.

Namely, unlike an ICO, in which the investor doesn't enter into any sort of legal relationship with the company, with the ETO model, the investor becomes a shareholder of the company and as such, exercises certain rights. Therefore, investors in Greyp cannot be as anonymous like investors in an ICO can.

The procedure works in several stages. The first step is to identify a potential investor on the German Neufund platform where said would-be investor will have to leave their information.

The platform is similar to the well known Kickstarter, where, after a white listing process in which investors will express their interest, or pre-register for the purchase of unbound tokens, a private sale will start in which only they will be able to participate. Those who participate in the private purchase of tokens earn a ten percent discount. If all the tokens are not sold for private purchase after two weeks, the public sale of the tokens begins.

In this way, Greyp, whose current valuation is an impressive 45 million euros, aims to raise five million euros in investments. Thus, in addition to euros, the investor will be able to pay in Ether cryptocurrency, and in the same cryptocurrency a dividend will be paid out. There are only 30 stocks available, with one share equivalent to one million tokens valued at 0.161870 euros. The minimum investment is, as previously mentioned, 100 euros.

Make sure to follow our dedicated business page for more information on Mate Rimac and his companies and much more.

Wednesday, 18 September 2019

Secret Project Between Hyundai and Mate Rimac to Go Ahead

Whatever car this top secret project between Croatian entrepreneur Mate Rimac and car giant Hyundai is set to produce in the end, the fruit of the cooperation between the two will only be produced in a very limited series.

As Poslovni Dnevnik/VLM writes on the 17th of September, 2019, Hyundai is working on a limited-edition sports car with Mate Rimac, the US-based CarBuzz reported after speaking with the head of research and development at the huge Korean company.

Back in May this year, Hyundai and Kia announced plans to invest an enormous 80 million euros in this Croatian company based in Sveta Nedelja near Zagreb, and in return, they should receive assistance in developing at least two electric vehicles.

Dr. Albert Biermann said it was still too early to talk about the details, but he noted one thingm and that was what has already been mentioned. This top secret project with Mate Rimac will see the end result produced in a very limited series.

He also mentioned that he had recently visited Rimac's headquarters in Croatia and that he was satisfied with their relationship, which he described as very fruitful.

''The level of technology with Rimac is very high. This is in line with our belief that nothing is impossible,'' said Biermann.

According to earlier rumours, the Hyundai and Rimac sports car will be a production version of last year's Genesis Essentia concept, but Biermann did not want to go into details when asked about the matter. He said they set a deadline for presenting the new car and were in no hurry because they wanted to do everything absolutely right.

"I can only tell everyone that they will be pleasantly surprised," Biermann said encouragingly.

CarBuzz also writes that Hyundai is currently working on an RM20 electric race car with Rimac.

Make sure to follow our dedicated business page for much more.

Sunday, 15 September 2019

Mate Rimac: ''We Have 600 Employees, We're Building a New Factory''

Although Croatia's shining star of business, Mate Rimac, has some incredible achievements under his belt, he says that despite all of his barely comprehensible success over the last decade, he still looks at everything as if it were just beginning.

As Poslovni Dnevnik writes on the 15th of September, 2019, more than 500 developers from around the world, as well as some of the most interesting topics from the programming community arrived in Tuhelj in continental Croatia for the Dev Days conference, RTL reports.

Croatian IT experts and innovators, including Croatian entrepreneur Mate Rimac, shared their respective success stories, as well as all of the numerous obstacles they came face to face with on their journey to their end goals.

"We went to work on a car in a country that had never made a car, none of us knew how to make a car. We had no idea what we were doing. We were all making mistakes and that was OK because we were open about it. You slip up, you screw things up, but you also learn something from that. That's important,'' stated Mate Rimac, founder and CEO of the now internationally famous Rimac Automobili when in conversation with RTL Danas (Today).

As previously stated, Mate Rimac's success has been unprecedented. The young boy from Livno, Bosnia and Herzegovina, who was curious about the world turned that curiosity into drive and eventually enormous success, in a very short period of time. Having built super cars that are made right here in Croatia and desired across the globe, Mate Rimac is a living, breathing example that yes, contrary to popular belief, you can succeed in Croatia, if you want it badly enough and are willing to match that desire with hard work.

Continuing to put his past and continued success to the back of his mind and vowing to view things as if he was just beginning obviously keeps this talented entrepreneur grounded in his visions and plans.

"We have to build the company to go from small-scale manufacturers to large-scale production. We're already at 600 employees, we're building a new factory. There are many plans, but we have to put this new car on the market. We have only just started," Rimac told RTL.

Make sure to follow our dedicated business and Made in Croatia page for much more.

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