1,088 HP Concept_One Electric Car Heads to Production

Jason Siu
by Jason Siu
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1 088 hp concept one electric car heads to production

Three years ago, Rimac showed off an electric car packing 1,088 hp and now it might become a reality.

According to a recent report, Rimac has secured funding from two investors enabling it to produce 88 copies of the Concept_One priced at almost $1 million a piece. In addition, the Croatian company has also expanded its business by creating an electric bicycle brand called Greyp and is producing its first product, the G-12. The report states that one of the investors is a Ferrari 599 XX owner, Frank Kanayet Yepes, that works in the energy and oil industry in Columbia. Yepes is also known for investing in the new Formula E electric series, so he’s definitely interested in the electrification of cars.

The other investor is a resource company in Hong Kong, which is believed to be buying a 10-percent stake in Rimac. The company says it has six vehicles in the pipeline and interest in the Concept_One continues to grow. Rimac has developed most of its own technology, which it plans on licensing out to other firms.

GALLERY: Rimac Concept_One

[Source: Tech.eu]

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Jason Siu
Jason Siu

Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.

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