Rimac Group's latest funding round has gleaned investments of more than €500 million (approximately $536 million), valuing the company at more than €2 billion (around $2.1 billion). Existing shareholder Porsche participated and contributed an eight-figure sum, alongside financial giants SoftBank and Goldman Sachs Asset Management.

"We are humbled by the support of significant new investors like SoftBank Vision Fund 2 and Goldman Sachs Asset Management believing in our vision. Our gratitude also goes to Porsche and InvestIndustrial who have played an important part in our success so far and reinforced their support with new investment," said founder Mate Rimac, the company's biggest shareholder.

Without giving too much away, Rimac Group has said the investment will be used to expand Rimac Technology as it sets out to start large-volume production for various OEMs. Speaking with the Financial Times, the CEO said everything is still "in stealth mode" and will be "bigger than everything" the company has done. "We are unlike other people, who show stuff that is far from being done," he added.

Those comments suggest that Rimac is working on new products and won't tease us with clay models and digital renders - new stuff will be presented as complete.

One of Rimac's automotive partners is Hyundai. Earlier this year, reports suggested the two companies would cut ties. These rumors were quickly put to rest by both parties; the pair continue to work on an N-branded electric vehicle and a fuel-cell electric car.

The €500 million investment will only strengthen Rimac as it aims to become a leading technological partner for automakers across the globe. Porsche's Lutz Meschke (pictured above) commented that the latest series of funds has made Rimac an "even stronger partner" for the Zuffenhausen-based sportscar maker.

"We were already convinced of the company's potential in 2018 and are pleased that our commitment allowed us to contribute to its progress and current success," remarked Meschke. Aside from ramping up production capabilities, Rimac is also looking to add 700 people to its growing staff in 2022 alone.

The new Rimac Campus is also expected to be completed this year, with the company noting the facility will serve as the headquarters of Bugatti Rimac. This hub of innovation will be responsible for exciting developments from both Rimac Automobili and Bugatti. Eventually, it will serve as the production site for the upcoming Nevera, an awe-inspiring supercar capable of hitting 60 mph in 1.85 seconds.

Rimac has plenty on its plate. In April, the Croatian company announced plans for a German design hub and quietly teased two Bugatti and Rimac-branded electric cars. While we don't know anything about the upcoming battery-powered performers, one of the future projects could be a Chiron successor.

Last year, Rimac and Bugatti joined forces to create the newly formed Bugatti Rimac, which will be responsible for the development of exciting, next-generation supercars. What else is on the horizon for the ambitious Mate Rimac? The CEO told the Financial Times an initial public offering may be in the cards. "One day, but there's no rush," he said.