Everrati Wants To Become The Next Rimac

Restomodding is huge business in the car world right now, but within that exists a subset of car modification we’ve come to know as electromodding. At the forefront of this scene, which involves restoring a classic car and swapping its combustion powertrain for an electric one, is Everrati, a British-based specialist that has converted a series of 911 Porsches, a Superformance Ford GT40, a Mercedes 280SL Pagoda, and a variety of Land Rover products, all of which are now powered by electrons. But Everrati has greater ambitions than just electromodding and is now getting into the OEM supply business, aiming to become a miniature Rimac Technology. At last week’s Savile Row Concours, CarBuzz spoke to Justin Lunny, founder and CEO of Everrati, about the brand’s ambitions. Beyond building a world-first electric Lamborghini LM002, Lunny has lofty ambitions.

Everrati Wants To Become The Next Rimac

The recent announcement of a partnership with W Motors shows how Everrati is growing from strength to strength. While electromodding classics is still its core business, the company recently launched the Powered by Everrati sub-brand, responsible for developing turnkey solutions for flexible and scalable electric powertrains available to automakers. This architecture and the in-house-developed Vehicle Control Unit are said to reduce the development and cost of new EV programs by as much as 70%.

Lunny tells us that the goal is to emulate what Rimac Technology has achieved, although perhaps not to the same grand scale… yet. Rimac might have been given the keys to the Bugatti kingdom, and Rimac Technology recently announced a partnership to work on EV technology for BMW, but for Everrati, it will only emulate this “in terms of offering low volume manufacturers an EV solution, and using high-end components.”

The Similarities Between Everrati And Rimac

Rimac may now have major deals with BMW and lend its expertise to Porsche through a partial buyout that led to the formation of Bugatti-Rimac, but that wasn’t always the case, and once upon a time, Rimac was as small as a dozen or so people building an electric E30 3 Series. Then came the Rimac Concept_One, a showcase for what was possible, and with it, interest from external parties, including investment from Hyundai and Porsche. But Rimac Technology’s first supply of OEM componentry was to small-volume manufacturers, like Koenigsegg, for whom Rimac Technology supplied the 9.27 kWh battery pack for the record-setting Regera. Rimac Technology also developed the battery system for the AM-RB 001 project, which became the Valkyrie hypercar.

While both brands are somewhat famous, neither can be considered a high-volume automaker, and the projects Rimac assisted on are definitely what we’d term low-volume. The Valkyrie, for example, is being produced in limited numbers of just 150 units, while only 80 Regeras exist.

How ‘Powered By Everrati’ Is Different

But there are differences, and while Rimac Technology develops bespoke engineering solutions for customers, Everrati has developed a one-stop solution for niche automakers, specifically smaller startups. Last month, Powered by Everrati was launched, a business-to-business sub-brand that provides turnkey EV platforms with a scalable powertrain and accompanying software. When niche automakers no longer have to develop a powertrain, they can focus on the design and handling, which Everrati believes will save them 70% of their development time. In the fast-paced online era, you can’t reveal a car and take four years to bring it to market – you’ve got to launch quickly and capitalize on the craze before the market moves on to the next big thing.

At the core of Powered by Everrati are hires from Rimac, Cosworth, Prodrive, Tuthill, Ferrari, and Aston Martin, and even ex-Aston Martin CEO Dr. Andy Palmer. The state of the electric car market is in flux, especially at the top level, where collectors and wealthy enthusiasts crave something special. It’s this desire for uniqueness that has led Mate Rimac to suggest that the next Rimac hypercar may not be powered by electricity, but we’ve seen enough demand for electric sports cars to know that not everyone wants ICE. This is where Everrati will prosper, and if it can develop the technology at the right pace so as to match changing legislation, it could be primed for something big.

Is it a certainty that Everrati will become the next Rimac Technology? Certainly not. But no one thought that a young Croatian engineer building an electric E30 would be handed the keys to the Bugatti castle just a decade later, and that’s exactly what happened.