Published on May 1st, 2014 | by Christopher DeMorro


Limited Production Of Rimac Concept_One Electric Supercar

May 1st, 2014 by  

Originally published on Gas2


Two high-profile investors put their money behind the 1,088 horsepower Rimac Concept_One electric supercar, bringing this quiet riot closer to production. Want one? All you’ll need is a million bucks and a place on the growing waiting list.

Better hurry though, as production of the Concept_One will be limited to just 88 examples, and you can bet investor Frank Kanayet Yepes has already signed on to get his. Yepes, a South American businessman with Croation origins, has also invested in the all-electric Formula E Championship despite making his millions in the oil and gas industry. Maybe this is his way of making up for a lifetime of working for Big Oil?

Nah. The owner of an uber-rare Ferrari 599XX (1 of 33, not even street legal!) probably just really loves fast, cool, high-tech cars, and there are few cars cooler than this Ferrari-crushing EV.

The other investor is Sinocop Resources, a minerals and metals company listed on the Hong Kong stock exchange. Sinocop has reportedly signed a non-binding agreement to take a 10% stake in Rimac, which is more than just one electric supercar. Founder Mate Rimac has built what he claims is the world’s quickest electric car, a custom BMW M3, and the Rimac-designed Greyp is an electric bicycle with grand ambitions of its own. As for the Concept_One, production is slated to begin next year…and it looks like it might actually happen.

With this newfound investment, Rimac plans to double the development team by the end of the year, though the company will go beyond million-dollar supercars and glossy electric bikes. Rimac wants to build and sell proprietary electric power systems in the burgeoning EV market, though building a dedicated line of electric vehicles remains priority one.

Could this be the beginnings of a Croatian Tesla?

Source: Tech EU via Motor Authority

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About the Author

A writer and gearhead who loves all things automotive, from hybrids to HEMIs, can be found wrenching or writing- or else, he's running, because he's one of those crazy people who gets enjoyment from running insane distances.

  • Benjamin Nead

    I’ve been lamenting on this blog lately my wariness of uber expensive EVs (not just cars, but motorcycles and e-bikes as well) that cost a fortune and are produced in miniscule numbers. Here is yet another one to add to the growing list.

    In fairness, I’ve read elsewhere that Rimac wants to eventually build affordable EVs in large quantities. That’s a laudable sentiment. But Tesla’s first product, the Roadster, retailed for a tenth the price of the million dollar Rimac Concept One. And, do we really need yet another hideously overpowered “street” car like this, regardless of power source?

    • Bob_Wallace

      It’s a way to shake some excess money out of the Top 1% and slosh it around in the economy where the rest of us can enjoy its use.

      • Ronald Brakels

        Well, it’s more a case of if they are going to be spending ridiculous amounts of money on sports cars anyway, it’s better they spend it on vehicles that are less damaging to the environment and which help promote the development of electric cars for the common folk. On the whole, poor people are better off when the rich don’t spend there money on comsumption than when they do. For example, Warran Buffett, a billionare who lives simply and invests his money in wind power = good for commoners as his wealth is going into saving the world instead of ridiculous mansions, fast cars, and faster personal jets. Unfortunately, he’s a bit of an exception. Famously so in fact.

        • Benjamin Nead

          Very true, Ronald. The Rimac Concept One is ultimately not all that green in the grand scheme of things. It’s a big heavy car that tears up the road as well as any outsized monster truck or SUV and the amount of electricity needed to keep the batteries topped off must be extraordinary. It’s not as if this thing is going to be used to haul bushels of organic vegetables to the local farmer’s market on the weekends.

          As I mentioned earlier, it worth about 10 Teslas and about 40 EVs in the Leaf/i-MiEV class could be purchased for about a million bucks. So, they’re making (thankfully) just 88 of them? That’s 880 Teslas or 3520 Leaf/i-MiEVs.

          How much carbon does a Concept One offset when compared to not having one more Ferrari roaming around? Probably not all that much. Retiring hundreds or even thousands of more pedestrian ICE cars and replacing them with zero tailpipe emission EVs is a far more effective accomplishment.

          If Rimac turns around the profits on the venture and really does build an enterprise that can offer dozens of mainstream priced EVs, then they’ll vindicate themselves. Until them . . .

          • A Real Libertarian

            At least it will be another club to beat down those “electric golf kart lol” morons.

          • Benjamin Nead

            Well, I respectfully disagree. There absolutely nothing wrong with the various neighborhood vehicle options. They’re lightweight and efficient. What we have to get away from is this old 20th century model of high end conspicuous consumption parading as green. The Rimac Concept One is, I’m afraid, the epitome of that sort of wastefulness.

            There’s nothing green about an electric two-seater that weighs as much and consumes as much electricity per mile as a delivery truck (which is actually performing a useful function,) as well as costing 40 times the price of a typical automobile.

          • A Real Libertarian

            The “electric golf kart lol” morons are the ones who claim “electric car can’t be good, only gas make good fast”.

            And at least the Rimac is about 40 miles per gallon at least efficient (at most it’s over 100) compared to a Bugatti Veyron’s 10.

            And its battery is good for at least 1,000,000 kilometers

          • Benjamin Nead

            OK, thanks for the clarification. I incorrectly read your comment as a general dis directed towards neighborhood electric vehicles (NEVs.) Those things aren’t perfect, but they do serve a purpose.

            Perhaps what is most surprising to me is that a rather large percentage of the population is totally unaware that “real” electric cars (ie: highway speed capable, crash tested, etc.) are actually available. Or, they think that the Nissan Leaf and Mitsubishi i-MiEV are nothing more than NEVs with fancy exterior panels attached. I encounter these folks regularly whenever our local Electric Auto Association chapter brings vehicles out to local events.

            But, yes, we also have the leadfoot gearheads who have no respect for any vehicle – electric or otherwise – that doesn’t scream off the starting line with smoking tires and accelerates like a dragster. I have no problem with the R&D racing done in a controlled environment (race track, etc.,) but I have little tolerance for the leadfoot driver on city streets populated by pedestrians, bicycles and the occasional wayward child or household pet. So, I’m also quizzical of the continued offering of vehicles – electric or otherwise – that are designed to exceed speed limits by leaps and bounds. They don’t make sense in a modern civilized world.

            And, yes, I continue to roll my eyes less flatteringly whenever I read about the cost-no-object excesses of the Rimac Concept One or other outside-of-normal-human-proportion automobiles. The folks at Tesla have already shown that an extremely high performance car could be done with electricity and did it for one tenth the cost with their (now out of production) Roadster. If we still have a percentage of the population that hasn’t picked up a newspaper or checked a website in the past 5 years to discover this leaves me rolling my eyes in disdain even more.

  • Bob_Wallace

    There was a time when I would have lusted in my heart for one of these.

    Now I’d need someone to help me get out.

    Sometimes getting older is only slightly better than the alternative….

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