Back in 2018 Porsche bought a ten percent share of Mate Rimac's Croatian electric bike company Greyp. At the same time Porsche purchased a 25% stake in Rimac Automobili, maker of boutique electric hypercars. Since then the world has turned upside down, and now Rimac has merged with Bugatti and Porsche is 45% owner of that collaborative venture. With Mate Rimac now focused on building the wildest stuff in the world Porsche has an opportunity to corner the high-end eBike game, taking over as majority owner of Rimac's Greyp. That isn't to say Rimac won't be involved at all, he will retain a minority share in the company along with the other founders of Greyp. Porsche's takeover is expected to be completed by mid-December. I am super proud of the Greyp team, led by Krešimir Hlede, and what they have built over the last 7 years.