Pagani’s survival is assured in the long term future. The firm owned by Horacio Pagani has confirmed the entry into the capital of the hypercar manufacturer of a powerful investment fund from Saudi Arabia, which will take 30% of the property. A new partner who has already had ties with other manufacturers.
Pagani is one of the most exclusive manufacturers in the world, and one that needs significant injections of money from behind to maintain its status and the development of new models. The manufacturer from Modena has signed an agreement with the investment fund Public Investment Fund (PIF) of Saudi Arabia whereby it takes 30% of the capital, becoming part of the property of the Italian firm.
The owner of the brand will remain the majority shareholder of the founding company, therefore Horacio Pagani will continue to lead from the manufacturer of hypercars. An important alliance with a partner who already has experience in the field of the world’s most exclusive cars, as the Arabs have also had Stakes in Tesla and Lucid Motors’ new luxury electric brand.
Saudi Arabia is one of Pagani’s main customers
It is not a big surprise either, since this country is one of the main clients of the brand, but the Saudi participation will allow Pagani to face the future with a greater guarantee and with a significant investment behind, especially now that it comes a very interesting future in the field of electric hypercars, and which Pagani will have to face one day. In fact, the team is already working on the C10 project, an exclusive completely new model that will replace the Huayra in just over two years.
The intention of the Italian brand is to continue using its alliance with Mercedes-AMG beyond the middle of this decade, using the powerful V12 biturbo petrol engine in the future model, and until 2026. It is precisely when the emission regulations will become much more restrictive, although it will not directly affect Pagani, since due to its low sales volume, these figures are negotiated directly.
In this regard, Horacio Pagani said that “We are proud to announce an important partnership with PIF, a key step in our long-term growth strategy, which includes significant investments to ensure that our other hypercars continue to bring unique emotions, regardless of their technology. of propulsion ‘, which leaves the door open to a certain level of electrification.