Friday, 24 May 2019

Rimac Automobili to Sterilize All Stray Cats on Company's Premises

Employees of the company Rimac Automobili often feed the stray cats who find their way on the business premises - and to prevent welcoming any new kittens to the bunch, they have taken a stand for their sterilization, reports 24 Sata on May 22, 2019. 

Namely,  Rimac Automobili has announced they would finance the sterilization of any cats that come across their premises, presenting a rare example of cooperation. 

Rimac first contacted Katarina Loborec from the Association Prava šapa, which cares for stray cats. Several days ago, the company asked Loborec and the Association to help them with the stray cats that wandered around the factory, which was an estimated five or six at the time. However, there turned out to be at least a dozen. Since stray cats are not accustomed to people, catching them is anything but easy, so the action is not over yet. It will last until all cats display a marking that they have been sterilized.

“Rimac Automobili keeps a well-arranged area around the premises where the employees feed them and try to catch them. However, as they do not come regularly and do not stay long, on the first run, they were only able to catch three or four of the animals. That's why my colleague Mirna Herman goes there often and, as far as I know, two more cats have been caught in the meantime,” says  Loborec.

Loborec adds that the company's employees are actively involved in the process, and, along with Prava šapa, engineer Ivan Murgas installed a camera and a mechanism to close the door in the distance, allowing the cats to be caught even when the volunteers are not nearby.

“I do not know how Rimac Automobili found out about us and decided to call us. This company is not our donor, but we know that they are a donor of Animal Friends and that Mr. Rimac is a vegetarian and an animal lover. It is an example that can truly be commended because it prevents the possibility of several cats in the area over time, and that wild and abandoned and perhaps even diseased animals wander the streets,” says Katarina Loborec

“They might have been able to catch them, but it would be a problem to get them out, transport them, and bring them to the vet, so our experience would be useful in that,” she adds. 

Rimac Automobili was thankful for the interest of the story but did not want to brag about their actions. 

"A few colleagues from the Department who are closest to the feeding station regularly feed the cats and suggested that sterilization should be done, but we do not think that should be particularly emphasized," says Marta Longin, PR for Rimac Automobili. 

To read more about lifestyle in Croatia, follow TCN’s dedicated page

Thursday, 16 May 2019

Most Successful Croatian Company Coming to Veliko Trgovišće

Veliko Trgovišće is a little place in the continental Croatian county of Krapina-Zagorje. If it wasn't for independent Croatia's very first president Franjo Tuđman having been born there, it would certainly be even less known than it is now, as this unassuming little Zagorje municipality has a mere 5,000 inhabitants and is very rarely talked about in the media.

As Poslovni Dnevnik writes on the 15th of May, 2019, RTL Direct went directly to this small municipality to try and see just what it has to offer. They found out that Veliko Trgovišće is no stranger to the production of tablecloths, napkins and linens which travel from Veliko Trgovišće to London restaurants and even to Las Vegas casinos.

Finka has been working there for 37 years and she's one of eighty people working in this village's textile factory, and she states that people in Zagorje will ''never remain hungry'' when discussing what it's like to live in this very rural and little known part of Zagorje.

That same factory moved ten years ago from the Croatian capital of Zagreb, taking part of its workers with it.

"The Trgovišće Factory is the largest garment manufacturer, it exports to 25 countries all over the world, from England and Switzerland, to exotic destinations like Dubai,'' stated Dražen Kolarek, finance manager at the factory.

Mate Rimac and his company, otherwise one of the most successful companies in the whole of Croatia, Rimac Automobili, is also on his way to this little Croatian county, and you can read his entire interview here.

This Croatian municipality has a few successful businesses, unemployment there is at less than an enviable three percent, the first Croatian president was born there, and they also want the status of a city there. That ''city'' status will likely be obtained because, as Veliko Trgovišće's Robert Greblički has already stated, this little Croatian municipality meets all of the necessary prerequisites.

"The first president was born here, we're raising the number of people living here, we're developing entrepreneurship, so I think that we can copy Sveta Nedjela in time," Greblički added.

As soon as this completely unassuming little Croatian municipality gains its city status, it can truly become, as its name suggests: Big (Veliko).

Make sure to stay up to date by following our dedicated business page for much more on Croatian business, Croatian companies and Croatian manufacturing.

Wednesday, 15 May 2019

Mate Rimac Discusses Kia, Hyundai, Company Revenue and More

Celebrated Croatian entrepreneur Mate Rimac discusses Rimac Automobili's new partnership with Hyundai and Kia Motors, how he plans to give a certain percentage of the company to its employees, revenue, the future, and more.

As Jutarnji list/Gordana Grgas writes on the 14th of May, 2019, after it was announced that the Hyundai and Kia Motors had decided to invest a massive 600 million kuna in capital into Rimac Automobili, Mate Rimac announced in an interview for Jutarnji list that he would give seven percent of the company to his employees, from the cleaners to the directors.

We're bringing you the English translation of that interview here.

Why has Rimac Automobili entered into a partnership with Hyundai?

"We've been in contact with them for a couple of years and have been cooperating with them for a few years. They sent a strong delegation to us and, as soon as they saw the company, as soon as they saw what we were doing, they decided to invest immediately. In October last year they gave us an offer and we entered into negotiations. To have a partnership with such a company is very important for us. When looking at comparisons, they have a revenue of 250 billion euros, which is four times more than the Croatian GDP, and we're also working directly with the administration. Euisun Chung, who was there upon signing the contract, is the executive vice president, the grandson of Hyundai's founder, who's now taking over the firm from his father.

We're quick, small and innovative, we see and create the future and that's very interesting to them, this is hugely important for us because, on the one hand, we've got the Volkswagen Group and Porsche, and then we've got Hyundai and Kia on the other, and we've been so busy with work with these companies that we don't know where we're going!

The best thing is that they're not just buyers of our products but also shareholders, therefore it's in their interest that the company succeeds. They will help us build faster in areas where we may have some weaknesses, for example in industrialisation, in the transition from small-scale to large serial production.

Today, we're dealing with very complex systems for large car manufacturers, power systems, batteries, electronics, etc., we've achieved all that very quickly, but we need strategic partnerships. It's very difficult, especially moving from small to large series. We need money to help the company achieve its goals. We invest a lot, we're constantly expanding our plants, we employ more than 500 people, more than 300 engineers... We're not like the others, we're not wired money from the state but we get our money on the international market, and there's nowhere better to find money than with a company that really understands what you're doing, which is a partner and also a buyer,'' stated Mate Rimac.

What's the ownership structure of Rimac Automobili like now? You said you wouldn't remain the majority owner...

"Now I have .. (looks at his phone) Just a second, I have all of that in a document..."

Do you not know what your share is now? Does that not matter to you?

''Well, that's not important to me. People don't really understand that. I'm killing myself with this job and I'd be the happiest man in the world if there was someone who could run the company better than me, so I could just do what I like doing, the technical part of things. Now I'm the executive and technical director, and now I hold 47.7 percent, the Chinese camel group holds 14 percent, Hyundai has 11 percent, Porsche has 10 percent, Kia has 2.7 percent, and the remaining shares belong to the investors from 2012 and 2013.''

Are the employees among the co-owners?

"No, but we're working on that now, all of the employees will get a share, up until now, the ESOP was not worth it for them because of the tax. They'll probably get seven percent, from the cleaners to the directors, but not everyone will get the same share.''

How much is Rimac Automobili worth now?

"More than 500 million euros."

Why did not you not get to capital through an IPO, on the stock market?

''A lot of technology companies are now doing IPOs and they're actually losing money, they still have no stable and profitable business. Let's say Lyft, Uber or Snapchat... I don't want that. I want to make an IPO when the company's numbers are at that level. The company's potential is huge, and we have now used a piece of it and it's a shame to go out out onto the stock market with this company's situation. In 3-4-5 years, it will be at a completely different level. Besides, we have good access to capital outside of the stock market, we've got that luxury.''

How much was Rimac Automobili's income last year?

''I wouldn't go into income, there are no final reports yet. That's not our focus either, but a long-term trend. Here's an example - the car that we're developing for Hyundai now goes into serial production in 2023 only. Those are the cycles of our projects and to us, as well as to our shareholders, it's really neither here nor there what the financial outcome will be for this year or for next year, we're building a long-term story.''

Are you making a profit or are you still in the minus?

''We were still in the minus last year because we invested a lot. It's important to note that this minus comes from shareholder money, and everyone agrees that it's the company's plan.''

What will you specifically use this 600 million kuna for?

''For many things. This is part of our C investment round, and we'll still have investors in this round for another 70 million euros, but we don't know who that will be for now, but they will probably be financial investors. One of the things we will invest in is building our campus, our development and research centre and our factory, and another company expansion, employing a lot of people and equipping the company. For the transition to serial production, it's necessary to equip our production plants, test our products, develop them right up to the end, certify them... It's a big thing.''

Where will the new campus be? And what will be there?

''We're planning a campus for 2000 people because we want to have a longer-term solution. The headquarters of the company will also be there, as well as the development and research centre, production, testing, there'll be a hotel for guests and employees coming from elsewhere, kindergartens for employees' kids, restaurants, food production, hairdressers, sports facilities... I want it all to be integrated there.''

Where will this be located and when will you embark on construction?

''Near Zagreb. The location hasn't yet been agreed, we're look at a few of them, we're negotiating. Construction should start early next year.''

I guess the campus will be a little special in the aesthetic sense.

''Nine international and several Croatian architectural studies are currently working on suggestions for conceptual solutions for the campus. Among them was Lord Foster (British architect Norman Foster), we had a meeting the other day. He worked on Apple's campus and many other world-famous buildings. Everyone is so excited about this project and offering some great suggestions. They tell me that there's no such thing anywhere else, the combination I want - the campus being open to the public, the care for the employees and the connection with nature.''

The serial production of your C-Two has been announced for next year. Where are you going to do this?

''We got a hall in Veliko Trgovišće (Krapina-Zagorje County). The C-Two prototypes are still being done in Sveta Nedelja, and when we finish them, we'll move the manufacturing of the prototypes to Veliko Trgovišće. We already produce the batteries and the power systems there because we're out of space here. We're now there in five buildings and we were looking for something a bit closer to Sveta Nedelja, but there was just nothing there. Since there is no industry in Croatia, there's not much out there to rent. So now we're in Veliko Trgovišće, and we have centres in Split and in Osijek.''

Why did you open them there, so scattered apart?

''We grew so quickly over the last year. We now have fifteen engineers in Split, and about ten in Osijek, ane they're now our competence centres - in Split, we do our own automotive software development tool operation, and we deal with our high voltage chargers in Osijek.''

The prime minister has never been in your facility?

''No, never. To make it clearer, I don't ask for anything from the government. All I do is to urge the government to do the right thing to bring the car industry to Croatia. I have proved that it's possible.''

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

 

Click here for the original interview/article by Gordana Grgas for Jutarnji list

Tuesday, 14 May 2019

Hyundai and Kia Investing 600 Million Kuna in Rimac Automobili

Hyundai Motor Company and Kia Motors Corporation, part of Hyundai Motor Group, have invested 600 million (80 million euro) in Rimac Automobili. Hyundai Motor has invested 474 million kuna (64 million euros) and Kia Motors 126 million kuna (16 million euro). The first joint project will be cooperation on the development of two high-performance electric vehicles, reports Index.hr on May 14, 2019.

This is excellent news for Rimac Automobili, but also Croatia, as the company from Sveta Nedjelja should help the South Korean automobile giant in the transition to the so-called clean mobility. Hyundai Motors wants to speed up its transition to clean mobility and position itself as a global leader in launching the industry change. One of the key measures to achieve this is the electrification that the Hyundai Motor Group hopes will help produce 44 electrified models planned by 2025.

Rimac has established themselves as a leader in high-performance electric vehicle technology and as an electric sports car manufacturer. The company delivers EV technology supporting many industry partners, including Hyundai Motor Group, to accelerate their way towards an electric future, Rimac Automobili announced in a press statement.

Hyundai Motor, Kia Motors and Rimac will work closely together to develop an electric version of Hyundai Motor’s N brand sports car and a high-performance fuel cell electric vehicle. “Rimac is an innovative company with extraordinary capabilities in high-performance electric vehicles,” said Euisun Chung, vice president of Hyundai Motor Group. “Their start-up roots and rich experience in cooperation with car manufacturers combined with technological strength make them an ideal partner for us. We look forward to working with them on our path to clean mobility. “

Founder and CEO of Rimac Automobili Mate Rimac said: “We are very impressed with the vision of the Hyundai Motor Group and with quick and decisive initiatives, and we believe that this technology partnership will create maximum value for both companies and customers. Rimac is still young and relatively small, but we are a fast-paced company. We believe that this cooperation will strengthen Rimac’s position as a supplier of technology for industrial partners. “

According to the company's website, Rimac Automobili was founded in 2009 by Mate Rimac. Today, Rimac develops and manufactures critical electrification systems for many global automotive companies, and at the same time, raises the bar for performance EVs with their electric hypercars. The company employs more than 500 people with plans for strong future growth. Rimac is planning new high-volume production lines for battery packs, powertrain systems and the C_Two hypercar production starting in 2020.

More Rimac Automobili news can be found in the Business section.

Translated from Index.hr.

Friday, 3 May 2019

Rimac Gives Croatian Government Lesson on Innovation and Car Industry

As Jasmina Trstenjak/Filip Pavic/Novac writes on the 1st of May, 2019, the Republic of Croatia does have a chance in the car industry, and it can improve its investment portfolio with certain active and proactive measures, open up opportunities for the development of new industries, and not miss this third train, since it has already missed two. Rimac Automobili, the company of one of Croatia's most successful entrepreneurs, Mate Rimac, is more than ready to help if Croatia truly wants to attract the car industry to Croatia. With some work put in to it, it's possible.

The above is one of the key messages given by Mate Rimac, the founder and CEO of Rimac Automobili, which was part of the "Croatia E-mobility Forum", held recently at the Esplanade Hotel in Zagreb and organised by the American Chamber of Commerce (AmCham) and Jutarnji List, during which spoke about "How Croatia can attract the automotive industry".

In his presentation, among other things, analysed the countries that make up Central and Eastern Europe, what the automotive industry brought to them (growth, jobs, contribution to GDP...), which attracted investors, just how Croatia stands in this aspect. He also noted some key trends that are already transforming the car industry.

The automotive industry is completely changing, therefore the use of cars will eventually alter too. People will, at some point, no longer be car owners, they might not even bother to learn to drive, but all this will open up many new doors. Trends show that many cars will become autonomous by 2030, they will all be connected to the internet, more electrification will occur, and the car sharing will become more common. Mate Rimac discussed these points, full of experience as his own company, which has grown into a powerful technology company over the past decade and attracted more investment than all the technology companies in Croatia.

So far, Rimac Automobili has attracted more than 60 million euros in foreign investment, and that's not even counting the European Investment Bank (EIB), which has provided the company with a 30 million euro loan last year. The last investor in Rimac Automobili was no less than Porsche, and that was the very first time Porsche invested in another company.

''We don't want this to be the last investment, but we need to attract investments. Not only because of us, but also because of the state, so that the automotive industry invests in other things in Croatia. This year, a big investor will enter into the structure of our company. It's a 150 million euro investment, and the details on that will be known in a few weeks,'' revealed Rimac. He also emphasised the significance and the power of the branch in which he works - if the automotive industry was a country, it would be the fourth largest in the entire world!

However, rather unsurprisingly, Croatia is lagging behind quite significantly when compared to others, the automotive industry has spread very well across the whole of Europe and Croatia is almost the only exception. Two waves of investment in the region have already been and gone. The first was in the Czech Republic, Poland, Slovenia, the second was in Romania and Slovakia, and now a lot is being invested in neighbouring Serbia.

In the aforementioned countries, the automotive industry started practically from scratch and through the investments of other manufacturers, unassuming little Slovakia has become the largest car maker per capita in the world today. Therefore, in his extensive presentation, Rimac also commented on the way companies choose their sites, what their criteria are, and, when comparing Croatia with other countries, he found that Croatia is not one of the best candidates at all.

''Croatia has thirteen billion dollars worth of exports, with four million people. Slovakia has a million residents and more than 78 billion dollars in exports, out of which, 20 billion dollars of exports are in cars and parts alone. Let's look at some closer neighbors. Slovenia, with more than two million inhabitants, is exporting more than Croatia, and once again, their main export products are cars, and for us, it's wood,'' said Rimac, adding that these countries attracted companies with their favourable labour costs, but also for their talents and good faculties, infrastructure and available capital.

He also noted that Croatia has less than a billion dollars of automotive revenue, while, let's say, the Czech Republic has 41 billion dollars, and it has a strong potential. Thus, Croatia has less than half a percent of GDP, and the Czech Republic accounts for more than five percent of its GDP directly from the automotive industry, which is indeed a very defeating comparison. In the CEE region, investments have occurred thanks to generally cheap labour, and although much of it has well and truly bypassed Croatia, Mate Rimac is certain that there is a way to attract this industry still. Not necessarily with cheaper labour, but also with new opportunities.

''Hundreds of e-car models are coming onto the market. They're developed during a period of four to seven years and what's going on in the labs today will be on the roads within several years. There is a tremendous opportunity since today's share of three percent in sales will jump to 60 percent in the coming decades. That's why there's a lot of investment going on in the automotive industry, in startups and in technology companies. So far, more than 25 billion dollars has been invested through investment ventures, and this is where that industry is heading. There are investments in the development of batteries, in companies that make sensors and the like. The portfolio is bigger than it used to be. Also, there's a lot of heavy investment in development, and budgets are larger,'' noted Rimac.

Rimac also added that not everything is so black, although Croatia is of course late ''to the party'', and is missing out on the opportunity to join the development of the automotive industry by modelling itself on the countries of the CEE region. That industry, he says, is growing steadily, and countries are committed to receiving investments and attracting firms.

''We don't want just any investment, but those that give maximum benefit. But it's not about how much the state will encourage these industries to come. The state must first determine in which direction it wants to go, which industries it has, and then work proactively. England has a great initiative and it does very well because it has a complex program for the automotive industry, it works proactively, runs research centres, test sites... Therefore, proactive measures and projects are needed if there's a desire to go in that direction,'' Rimac said.

The presentation outlined nineteen action measures that the Croatian state should take to accelerate the automotive industry's progress in Croatia.

He mentioned that employees should be allowed to enter into company ownership and there should be a reduction in income taxes on high salaries.

Universities should make sure their programs include more machine learning, artificial intelligence, and electrical engineering.

Universities should employ professors from the STEM sector with scientific reputations, Rimac believes, and invest in equipping faculties and linking universities with actual investors.

In addition, the state should implement tax incentives for R&D-oriented companies, as well as meet with relevant engineers, as well as take a more proactive role in industrial development in co-operation with potential foreign investors.

As far as infrastructure is concerned, it's very important to encourage international contacts with cities that have developed automotive and innovation hubs and additionally invest in the 5G network for all households.

When it comes to specific measures for the automotive industry, among the measures listed above, it's necessary for foreign automotive employees to have temporary housing and job search support provided to the employee's life partner.

Additionally, one of the measures implies the establishment of an international school, where teaching will be conducted in foreign languages.

As far as the infrastructure of the auto industry itself is concerned, Rimac says that the testing of autonomous vehicles on public roads should be legalised, there should be an institute for electric and autonomous vehicles established, as well as an institute for artificial intelligence, as well as centres of competence and innovation hubs.

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

 

Click here for the original article by Jasmina Trstenjak/Filip Pavic for Novac/Jutarnji

Tuesday, 30 April 2019

Mate Rimac Says Electricity, Sharing, Autonomy Future of Car Industry

ZAGREB, April 30, 2019 - Electric, shared and autonomous - that is the future of cars and the car industry in decades to come, but the question is whether Croatia will be bypassed by an investment wave and whether we will respond on time, said Rimac Automobili owner Mate Rimac at the Croatia E-Mobility Forum, organised by the Jutarnji List daily and the American Chamber of Commerce in Zagreb on Tuesday.

"The future will bring radical changes in the car industry as early as the next 20 years. Cars will be used when necessary, their users will not be their owners, and future generations will probably not even learn how to drive. Close to 80% of cars will be autonomous by 2030 and all cars will be connected to the Internet. Newly-registered electric cars now account for 2% of all cars in Europe, and by 2030 they will account for one-third of all cars, while as many as 90% will be shared by 2030," he said.

Rimac noted that over the past decades the automobile industry had spread across the 'new Europe', the only exception being Croatia.

As a result, Croatia has less than one billion dollars in revenue from the car industry while, for example, the Czech Republic, has 41 billion, he said.

He said that his research showed that contributions on high salaries, such as those in his company, were the highest in Europe, which drives investors away.

"Workers who are paid well bring new value and better jobs for others. Croatia should be a place that will attract the most innovative companies and engineers. The state should decide which investor it wants to attract and proactively work on that," he said.

The head of the American Chamber of Commerce in Croatia, Andrea Doko Jelušić, said that there were an estimated 3.1 million electric vehicles on roads in the world.

She said that the expansion of e-mobility faced three challenges that had to be dealt with: the range of vehicles, infrastructure, and the price, which is defined by expensive batteries.

The head of the Environmental Protection and Energy Efficiency Fund, Dubravko Ponoš, said that this year subsidies for electric vehicles and bicycles amounted to 40 million kuna.

Subsidies will be allocated in the years to come as well, and there will no longer be interruptions in their allocation, he said, noting that the amount of subsidies granted by the Fund was nonetheless ten times smaller than the interest in them.

More news about Mate Rimac can be found in the Business section.

Monday, 15 April 2019

Mate Rimac Employs First Deaf Person to Graduate from FER

Statistics show that about 12,000 deaf people live in the Republic of Croatia, but unfortunately it is rare for them to complete their higher education.

As Ivan Tominac/Poslovni Dnevnik writes on the 14th of April, 2019, Josip Ivanković was born in Čapljina, Bosnia and Herzegovina, but just one year after his birth, he was declared deaf, and this fact was one of his reasons for his relocation to Croatia. His move to Croatia certainly paid off as being the right move, and Josip, despite the diagnosis, managed to develop his speech and the technique of listening. That was, as Josip himself states, a painstaking and long process.

"The situation is that I have to treat speaking Croatian as if I was speaking a foreign language," Josip Ivanković explained.

For four years now, his speech and listening abilities have been being developed at the SUVAG Polyclinic, where Josip learned to speak with vibration, tone amplification, visualisation and by learning anatomy.

"When I learned to pronounce the letter ''r'', I had to touch the vocal chords of the logopad to feel a certain vibration and titration, then I'd lean my hand on my neck to feel the same vibration, so I learned to pronounce the letter ''r'' I learned to pronounce ''ž'' in a similar way, I just put my hand on my head. Generally speaking, the hardest letters to pronounce for the deaf are l,č,ć,đ,dž,lj and nj, and the reason for that is that such letters can't be visually identified. They're explained through the anatomy of the oral cavity, just like a doctor explains the heart's organs, or where the blood enters and where it exits,'' explained Josip.

After the kindergarten era ended, in which he learned the basics of socialisation, it was decided that he should attend a regular school.

This period of schooling, without any curriculum adjustment, he adds, was defined by perseverance, and communicational misunderstandings are, in his words, quite normal and natural.

"The professors made me equal with my peers, and this proved to be a good thing because I learned so much about the world of those who can hear, and I learned how to gather information," said Josip. As stated, statistics show that about 12,000 deaf people live in Croatia, but it is rare for them to complete higher education. Josip was not one of them, and he completed a college which has some very demanding academic requirements for its students.

He enrolled at FER (University of Zagreb, Faculty of Electrical Engineering and Computing), and the likelihood of him completing his studies was slim, yet Josip had different plans for himself.

"At the beginning of the semester, it was very difficult for me to adapt,'' recalled Josip. Before Josip's arrival, professors from Zagreb's FER didn't have any experience in working with people with impaired hearing. At the beginning, he failed several exams, but he didn't let that dampen his spirit, and later he turned to further consultations.

This combination led him to become the very first deaf person to graduated from that college.

"The professors were very approachable, and our relationship was very flexible and adaptable. I will never forget how Professor Brnetić, instead of me asking him, personally invited me to consultations during the holidays and showed me much he cared that I didn't miss anything from the lecture. On the other hand, one professor asked me during consultations why I didn't go to the lectures and asked me how I was learning. I told him that I don't go to the lectures because I can't hear them. I took out a 100-page notebook with my assignments, and the professor was surprised that I did all that without having gone to any lectures. He asked me to lend him that notebook and later I learned that he'd showed my notebook to all of the professors. Believe it or not, a year after when I came to his office, that copy of the notebook was still on his desk,'' Josip stated, recalling his faculty days.

In the end, none of the obstacles he faced along the way turned him away from his goal, and he passed 62 engagements that mostly relied solely on him and his level of dedication. This FER student didn't have to wait around long before a job opportunity came knocking, and it wasn't your regular offer. He started his working life at no less than Rimac Automobili as an Embedded Hardware Engineer. Rimac had no problems with his deafness and offered him a position after his interview.

''At the beginning of the job, I was given a pretty demanding project that I had to complete within a month, which was the length of my trial period, and when the project ended I realised that I was able to complete it and was given the green light to remain with the firm,'' Josip said. The work never stops at Rimac Automobili, and at the moment, Josip is working on a project for the development of electric car chargers.

"Communication skills are the most difficult for me, because I have to invest extra energy into lip reading and that's mentally challenging and difficult. Imagine a situation in which a colleague is referring to professional terms, and I need to decode them with and put them into context in order for me to have any understanding. Imagine switching off your ears, and focusing your eyes on their lips alone.

You aren't likely to understand because they're not using standard words, they're using technical phrases that are difficult to decode and recognise. At the beginning, it was very difficult for me to follow verbal communication and understand the complexity of the project. Of course, since working here I've changed a lot and become much more calm, more focused and concentrated on the small things. The worst thing is when a colleague does not know how to communicate with me properly, and this is where I'm concerned about information which is valuable to the project, and that's an extra effort. Each colleague has his own specific way of speaking and they aren't all the same in communication. With time, I somehow adjusted to them, and they also had to adapt to me, I accepted that this was all normal and there would always be a situation where they couldn't understand, but I'll always ask them to repeat themselves not just twice, but 1000 times!'' concluded Josip.

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

 

Click here for the original article by Ivan Tominac for Poslovni Dnevnik

Saturday, 13 April 2019

Croatia's Bellabeat Received Second Largest Startup Investment

This Croatian startup's beginnings come from Zagreb and it first became well known back in 2014 as the first startup attract a large investment from outside of the Republic of Croatia.

As Bernard Ivezic/Poslovni Dnevnik writes on the 12th of April, 2019, the Croatian startup Bellabeat received an investment from AOL Ventures in the amount of 14.2 million dollars, the equivalent of 12.5 million euros. It's not the biggest investment to be received by a Croatian startup last year, as that remains marked by Porsche's entrance into the co-ownership of Rimac Automobila for 18.7 millions euros, but it remains the second largest. Bellabeat has so far kept this massive investment secret.

AOL is one of the three largest Internet service providers in the United States of America. The company is part of the large Verizon group, which owns a number of popular media outlets including The Huffington Post, Engadget, TechCrunch, and MapQuest. In the group is also the former Yahoo and the AOL Desktop software solution.

Croatia's Bellabeat underwent restructuring half a year before the investment took place, at the end of 2017 and in early 2018. The company then let a number of its employees go. Sandro Mur, co-founder and director of Bellabeat, subsequently announced that he currently has a total of fifty employees and plans to increase this number to seventy. At that time, the Croatian company's focus was on establishing an office across the Atlantic over in New York. The company has developed a range of high-tech products for women, from jewellery to smart water bottles, and plans to deal with artificial intelligence in the health preservation sector.

Five years ago, the founders of Bellabeat, Sandro Mur and Urška Sršen, set the bar very high for Croatian startups. They received a record 4.5 million dollar investment from a number of well-known investors. Among them were actress Jessica Alba, the creator and leading developer of Google Earth, Paul Buchheit, the founder of TechCrunch, Michael Arrington, one of the hundred richest people, Nicolas Berggruen, and one of the most famous investors in the Silicon Valley and one of the very first to have invested in Google and PayPal, Ron Conway.

Make sure to follow our dedicated Made in Croatia and business pages for much more on startups and companies from Croatia, as well as the overall business and investment climate in Croatia.

 

Click here for the original article by Bernard Ivezic for Poslovni Dnevnik

Thursday, 21 March 2019

German President Coming to Croatia, Will Visit Rimac Automobili

The German President Frank-Walter Steinmeier is paying an official two-day visit to the Republic of Croatia from Germany today, the plans include for him to pay a visit to the German and French international school "Eurocampus" and get a taste for the incredible creations of Croatia's most well known entrepreneur, Mate Rimac.

As Poslovni Dnevnik writes on the 21st of March, 2019, upon the invitation of Croatian President Kolinda Grabar-Kitarović, the official visit of the President of the Federal Republic of Germany will begin with a ceremony at the Presidential Office, a friendly tête-à-tête meeting between the two presidents and a bilateral meeting of the official delegations of the Republic of Croatia and the Federal Republic of Germany.

After meeting with President Grabar-Kitarović, President Steinmeier will meet with Croatian Parliament Speaker Gordan Jandroković and go to Zagreb's beautiful Mirogoj cemetary, where he will place a wreath in front of the monument entitled ''Glas hrvatske žrtve - Zid boli'' (The voice of Croatian victims - The wall of pain).

As mentioned, between or after having met with the necessary persons who make up essential parts of the Croatian Government and the Croatian president herself, Germany's Steinmeier will visit the German and French international "Eurocampus" school, as well as the one and only Rimac Automobili which is located in Sveta Nedelja, not too far from the capital city of Zagreb.

Mate Rimac is the undoubtedly the face of modern day Croatian entrepreneurship, echoing the memory of Nikola Tesla from many moons ago. Mate Rimac's Rimac Automobili company was founded back in 2009 with its headquarters located in Sveta Nedelja in Zagreb County, where it remains to this day. The German President's visit to the company's headquarters will continue to send out the message that despite all - you definitely can make it work in Croatia.

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

Saturday, 16 March 2019

Mate Rimac Featured in The Economist, as Greyp G6 Launches

March 16, 2019 - International acclaim and successful new product launches, it is all happening for Mate Rimac at the moment, with a feature in The Economist the latest exposure.

It is becoming increasingly hard to keep up with Mate Rimac, and not just because he makes the fastest cars in the world. 

It seems not a day goes by without another achievement of media spotlight for the young Croatian entrepreneur, who single-handedly built a car industry in a country where none exists. But while the stereotype is that Rimac Automobili builds cars for the super rich, the core business is technology, as he explained in a major 2016 interview on Croatian television, which was translated by TCN in 2016.

Rimac once again had a spectacular Geneva International Motor Show, and the impact of Rimac Automobili was highlighted in a post on his Facebook page:

What makes us very unique in Geneva (and automotive industry/history in general) is that our products and technologies are represented in many other brand's cars and stands at the show. And not "just" with any parts but with key enables for these cars to even be possible. It is quite incredible that out of the 5 hybrid/electric supercars coming to the market (Aston Martin Valkyrie, Koenigsegg Regera, Pininfarina Batista, Mercedes AMG Project 1, Rimac C_Two), 4 have at least our battery system (some of them much more), which makes Sveta Nedelja the world capital of high-performance hybrid/EV systems. At the same time, there is much more going on behind the scenes - will be an interesting time. 

And the industry media has been quick to take notice:

"Rimac is the company that currently holds all the aces. Not Tesla, not Toyota."

Last night's focus was in Zagreb, for the launch of the Greyp G6 smart bike. You can read more about that in this TCN report, or watch the product launch above. 

Also named in the top 100 digital champions of Europe by the Financial Times, Mate Rimac also appears in this week's edition of The Economist, Speed King: a Croatian Inventor Says He is Building the World's Fastest Car.

To try and keep up with the Mate Rimac story, follow the dedicated TCN page.

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