The new partner of Horacio Pagani, founder of the Italian hypercar manufacturer of the same name since 1992, comes directly from Saudi Arabia. Pagani has in fact signed a long-term strategic agreement with Public investment fund, one of the largest in the world and controls over $ 1 trillion in assets. He was a small shareholder in Tesla for a short time and later became a key investor in Lucid.
The operation consists of the purchase of a minority share of Pagani who will be added to current shareholders such as Nicola Volpi and Emilio Petrone. The Pagani family will continue to maintain the management of the company and Horacio, the founder, will retain the position and his central role.
“Since its founding, Pagani has forged partnerships with the best players, because we believe that excellence can only be achieved through teamwork.Horacio Pagani said in a note. “This is demonstrated by our long-standing partnerships with our technology partners – undisputed technology leaders in their reference sectors – who will continue to play an important role in the future of Pagani.“.”We are proud to announce an important partnership with PIF, a crucial step in our long-term growth strategy, which includes significant investments to ensure that our next hypercars continue to convey unique emotions, regardless of their propulsion technology.“, he added. “PIF is the ideal partner to further consolidate Pagani’s positioning as a brand in the hypercar segment and to support its expansion strategy in the lifestyle segment.“.
Pagani said the deal would allow him to pursue its path of innovation in the hypercar sector, also exploring new growth opportunities in the lifestyle segment through the launch of Pagani Arte.
The spoken words suggest and confirm the arrival of a non-exclusively endothermic car and therefore without the famous V12 engine that has accompanied us, in different versions, for all these years. Some previous rumors have shown that the new “green” Pagani will have the code name “C10” and will probably be powered again by a Mercedes-AMG powertrain, maybe that of AMG One.