The Croatian electric car company Rimac are on the cusp of teaming up with one of the most important car manufacturers in the world. The German car giant Porsche has announced that they will purchase a 10 percent stake in Rimac Automobili.

"In less than a decade, we have gained a significant amount of know-how in developing high-performance car systems and battery technology, innovative infotainment and telemetry systems, and other important car systems. Our cars represent the cutting edge of technology and re-define what a super sports car is," stated the company in a press release.

This fresh injection of capital into Rimac is sure to push forward their goal of becoming the number one electric sports car manufacturers in Europe.

Porsche's Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT, Lutz Meschke, said the company saw Rimac's ideas and the approach to the electric mobility market very promising, and that it hopes "to enter into close collaboration with the company."