China’s Camel Group have signed a framework agreement to invest 30 million euros in Croatian company Rimac Automobili, Reuters reported.
The agreement will see Camel Group invest 27 million euros in Rimac Automobili and 3 million euros in Rimac’s Greyp Bikes.
Founded by Mate Rimac, who made the Forbes’ 30 Under 30 list for 2017, Rimac Automobili has been one of Croatia’s recent success stories, developing and producing high-performance electric vehicles, including the Concept One, the world’s first electric supercar, drivetrains and battery systems.
Rimac’s Greyp Bikes are the producers of the world’s most advanced electric bicycle.
Camel Group is a high-tech company which researches, develops, produces, and sells batteries in China, Europe, the United States, Africa, Southeast Asia, and internationally.
They have sold nearly 400 types of batteries used in cars, agricultural vehicles, vessels and other equipment.
Rimac is currently exhibiting at the New York International Motor Show. Check out the video below: