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When Nico Rosberg passed the chance to invest in $2 Billion worth hypercar company

Tanish Chachra
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When Nico Rosberg passed the chance to invest in $2 Billion worth hypercar company

Nico Rosberg skipped the chance to invest in the $2 billion worth hypercar company Rimac, which is now backed by multiple corporate giants.

After winning the 2016 F1 championship, Nico Rosberg probably have several financial regrets in life. Firstly, he refused a $100 million offer by Mercedes to extend his contract, so that he could take retirement and have a life outside F1.

Now, he reveals in one of his Youtube Vlogs, another mega opportunity, which he let it go, just because he didn’t have enough faith in a rising organization. Rimac a Croatian hypercar manufacturing company, started operating in 2011 , has seen a sudden rise in their valuation.

As per Rosberg’s Youtube video, the company has managed to raise $500 million on the valuation of $2 billion. The investors are Goldman Sachs, Softbank and Porsche.

After revealing this information, Rosberg showed an apparent regret with his decision. However, he then revealed that he partially compensated his earlier misjudgement by buying the first of the only 150 Rimac Nevera going to be sold.

And with that Rosberg proceeded with Rimac’s CEO Mate Rimac, and gave a tour of their headquarters in Zagreb, while picking up his $2.1 million hypercar.

Also read: Charles Leclerc aiming to buy $200,000 piano to keep mind away from racing

Nico Rosberg manager said the valuation is too high

Rosberg while talking to Mate, remarked how after skipping the opportunity of investing in the company, within a couple of months, major corporations were vying to have a pie of Rimac’s prospects.

Then Mate revealed that Rosberg’s manager replied to his team that the company’s valuation is too high for them. Thus, it became one of the reasons why former world champion didn’t end up putting his money on Rimac.

However, Mate then also revealed that since then his company’s valuation has quadrupled. Then Rimac boss reveals that all this overnight hype didn’t come easy, not long ago, his company was fighting for their survival.

He confesses that one of his primary roles was how to keep the lights of his foundation running every month. And now with money in their bank, he can focus on other crucial aspects of car manufacturing.

Also read: 7-time F1 Champion Lewis Hamilton recalls being beaten up by racists in Newcastle

About the author

Tanish Chachra

Tanish Chachra

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Tanish Chachra is the Motorsport editor at The SportsRush. He saw his first race when F1 visited India in 2011, and since then, his romance with the sport has been seasonal until he took up this role in 2020. Reigniting F1's coverage on this site, Tanish has fallen in love with the sport all over again. He loves Kimi Raikkonen and sees a future world champion in Oscar Piastri. Away from us, he loves to snuggle inside his books.

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