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Italy has long been considered the hub of the high-class automotive world, but Croatia has just now entered the conversation. Rimac Automobili, based in Sveta Nedelja, Croatia, has just announced the acquisition of luxury carmaker Bugatti in a joint venture with Porsche. Rimac’s founder, Mate Rimac will continue to run the newly formed Bugatti-Rimac after acquiring the Bugatti brand from Volkswagen. Under this deal, which sees Rimac own a controlling 55 percent stake in Bugatti, the two brands will continue to produce cars independently. However, Rimac plans to consolidate the two companies with a $230 million-dollar Bugatti-Rimac Croatian HQ, which is slated to open in 2023.

Rimac Automobili has made a name for itself creating powerful electric sports cars like the Nevera. The combination of Bugatti’s legacy and engineering with Rimac’s innovation in the EV world will make for a near-unstoppable luxury auto partnership.

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