These are some key funds for Pagani.
Pagani, an Italian hypercar manufacturer, has found a new investor who promises funding for tech development. Saudi Arabia’s Public Investment Fund, known as PIF, has acquired a minority stake at Horacio Pagani SPA to fund the hypercar manufacturer’s next steps in vehicle design. This minority stake in Pagani is a continuation of PIF’s investment into electric can manufacturer Lucid. It will be an exciting and unique part of their investment portfolio.
Pagani was established in the early 1990s by Horacio Pagani who was a long-serving Lamborghini employee. Pagani started his independent career in prototyping and manufacturing carbon fiber components for Lamborghini. Horacio started Modena Design in 1991 because Pagani’s expertise in design was highly sought-after.
Horacio Pagani was busy building his consulting companies, but he was also working on his car design. This design would lead to the creation of the original Pagani Zonda C12 hypercar, which is now known as the legendary Zonda line of hypercars. Dallara completed the aero and chassis, while Mercedes-AMG provided the V12 engine. This made the car one of the most iconic cars ever built. Pagani worked on the Zonda and made over 30 special editions in order to keep customers waiting for their multimillion-dollar hypercars.
Today, Pagani continues to show excellence with their Huayra hypercar. It was introduced in 2011 to replace Zonda. Although it was difficult to convert the Zonda faithful, the Huayra has since become a top-selling hypercar on the market.
Arab News’ Horacio Pagani called the PIF deal “a key step of our long-term strategy for growth, which envisages significant investment to ensure that our next hypercars convey unique emotions.” We are eager to see the effect of this investment on Pagani’s future vehicles.