Verne is the newest participant in the race to develop a fully autonomous, boundary-free EV robotaxi, and it comes at the hands of Rimac.
A sensation in the realm of EV supercars, Rimac is synonymous with ultra-luxurious electric vehicles that push the boundaries of performance, if you’re willing to pay the price.
Now, the company’s founder, Mate Rimac, and two of his closest colleagues from Rimac Group, both Marko Pejković and Adriano Mudri, have launched Verne, the company’s crack at an autonomous robotaxi that will be launched in Zagreb, Croatia, in 2026.
Mudri has been named Chief Design Officer at Verne, while Pejković takes over as CEO of the new venture. Its goal: built a fully autonomous EV, enable it as a mobility service platform, and build an adequate infrastructure to support it.
Fully Autonomous EV
Verne will launch a vehicle that is built upon a completely new platform that is designed around safety and comfort, two factors that the company feels are most important in the robotaxi experience.
Completely engineered from the ground up, Verne will develop an autonomous EV using Mobileye Drive, an autonomous platform.
Starting from scratch and building what it believes will be fully operational within two years, the platform is free of any compromises and disadvantages that would come from developing a groundbreaking vehicle type with scraps inspired by a vehicle designed for human driving.
Mobility Service Platform (MSP)
Tailored for driver-free pickup, passengers are the first thought in Verne’s initial development. Of course, this is no different than traditional ride-hailing services that exist today, but without a human controlling the wheel, things need to be different.
Before ordering a ride, the Verne app will allow users to completely personalize everything. From temperature to comfort to lighting to scent, those who request a ride from a Verne EV can choose everything.
Infrastructure
Verne will expand past Zagreb in the coming years, and each city where the company operates will be the home of the “Mothership,” where every vehicle is inspected, maintained, cleaned, and charged.
Verne’s first production facility for the new EV will be in Croatia. The cars will be deployed worldwide.
New Leadership
Mudri has huge expectations for Verne, which is named after Jules Verne, an author who is said to be “the man who invented the future”:
“Just as he used the theme of travel as the driving force in his storytelling, we use it as our inspiration in shaping a future filled with imaginative innovation and tangible achievement. His faith in the future and his spirit sparked the curiosity in generations of scientists and explorers. Making things that sometimes seem impossible, possible.”
Mate Rimac said the goal for Verne is to have more than just Point A to Point B transportation:
“The end result would be the best possible mobility experience for everyone. This means that every customer will have a better service than the best mobility service enjoyed by the very rich, through the service that is affordable for all. You will have a safe and reliable driver, a vehicle with more interior space and comfort than the best limousines today, and a service that will be tailored to your needs in every possible way.”
Robotaxi Design
Verne’s robotaxi vehicle will have two seats and an interior concept that “completely redefines” past narratives about interior space. Mudri said that 9 out of 10 rides through ride-hailing services are used by 1 or 2 people:
“Therefore, we can satisfy most of all trips with a two-seater and create unmatched interior space in a compact-sized vehicle. We completely redefined interior space. More space than a Rolls-Royce to relax and spend your time well.
It will also feature things like music and movies with an ultrawide screen and 17 speakers for enhanced audio.
As for the exterior, it will be sleek, with deeply integrated cameras, radars, short and long-distance-lidars, no windshield wipers, and no side-view mirrors:
Čestitamo Mati Rimcu i njegovom timu na izradi prototipa budućeg autonomnog električnog vozila, “Verne”! Ponosni smo na još jednu ?? inovaciju koja će mijenjati svijet. Podupiremo ulaganja koja povezuju digitalnu i zelenu tranziciju i ostvaruju ciljeve 5️⃣.industrijske revolucije. pic.twitter.com/3yK73MESr7
— Andrej Plenković (@AndrejPlenkovic) June 26, 2024
“This makes the aerodynamic performance more efficient and allows for easier cleaning. One typical element of an automobile we kept is the trunk. So you don’t need to worry if you‘re going to the airport with a lot of luggage or just finished a major grocery shopping.”
There’s a long way to go, a lot of competition, and so many variables that come into play with this new project.
I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.
Elon Musk
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.
SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.
At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.
SpaceX’s amended S-1 is sparking a major Tesla merger conversation
The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.
Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.
Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
Investor's Corner
Tesla unfolded its first European “folding Supercharger”
Tesla’s folding Supercharger just arrived in Europe and it changes how fast charging expands.
Tesla’s Folding Unit Supercharger has officially landed in Europe, with the company teasing a new installation in its effort for a broader rollout targeting major motorway rest stops across the European continent in Q3 2026. The arrival marks a notable shift in how Tesla is thinking about network expansion, moving from hardware performance alone to engineering the logistics chain itself.
While Tesla did not reveal the exact location for the new folding Supercharger in Europe, the photo shared on X heavily suggests that this maybe somewhere in Norway. Historically, whenever Tesla rolls out an entirely new infrastructure architecture in Europe, whether it was the original Supercharger stalls years ago or these brand-new modular V4 “Folding Units”, Norway is almost always the designated launch pad because of its unmatched EV adoption rate and supportive infrastructure
The Folding Unit, introduced in March 2026, is a factory pre-assembled V4 charging station built on an industrial hinge system mounted to a heavy-duty concrete base. The entire assembly arrives on site ready to unfold and connect. Tesla confirmed the units feature telescopic light poles specifically designed for easy transportation and fast on-site deployment, a detail that signals how carefully the logistics chain has been engineered alongside the hardware itself. The design allows 33% more stalls per delivery truck, cuts installation time roughly in half, and reduces overall deployment costs by more than 20% compared to traditional installations.
Tesla’s newest “Folding V4 Superchargers” are key to its most aggressive expansion yet
Tesla also noted telescopic light poles which provide benefits over traditional Supercharger installations that require fixed-height poles that are awkward to ship, slow to position on site, and often require separate crews and equipment to erect before charging hardware can even be staged. By engineering poles that compress for transit and extend on arrival, Tesla has removed one of the quieter bottlenecks in the physical deployment process. Every hour saved on a light pole installation is an hour redirected toward getting stalls energized. At scale, across dozens of new sites per quarter, those hours add up to a meaningful acceleration in how quickly a location goes from approved permit to serving its first customer.
Each Folding Unit pairs a single V4 power cabinet with eight charging posts. The V4 cabinet delivers up to 500 kW per stall for passenger vehicles and up to 1.2 MW for the Tesla Semi, supporting twice the stalls per cabinet at three times the power density of its predecessor. Longer cables make every new station immediately usable by non-Tesla vehicles, a priority as Tesla continues opening its network to Ford, GM, Rivian, Hyundai, Stellantis, and others.
As Teslarati reported when the Folding Unit was first unveiled, Tesla’s Gigafactory New York produced its final V3 Supercharger cabinet in March 2026 after more than seven years and 15,000 units, completing a full pivot to V4 production. The European arrival of the folding design is the next chapter in that transition.
Faster and cheaper deployment means Tesla can justify building in markets and corridors that were previously too expensive to serve, filling the coverage gaps that have slowed EV adoption outside major urban centers.
First Folding Unit Superchargers in Europe 🇪🇺 https://t.co/KNfYWJukkL pic.twitter.com/YR1udIpH1i
— Tesla Charging (@TeslaCharging) June 10, 2026
Tesla has stunned by gaining yet another approval for its Full Self-Driving suite in Europe, its second in two days and its fifth overall.
Belgium will be the latest country to allow Tesla owners to utilize FSD on public roads in Europe, joining a quickly growing list that started with the Netherlands, Lithuania, and Estonia.
On Tuesday, Denmark announced its approval of the FSD suite, which has now been followed by Belgium just one day later.
The country’s Minister of Mobility, Annick De Ridder, announced the approval on her X account, stating that she had just signed the approval of Tesla FSD. It now goes to the country’s homologation department for the last step of the approval process.
De @Tesla community houdt hier al geruime tijd de vinger aan de pols over de toelating voor de FSD-technologie op onze Vlaamse en Belgische wegen.
Uit waardering voor jullie niet-aflatende interesse (en aanmoediging 😉), krijgen jullie hierbij de primeur: ik heb net de toelating… pic.twitter.com/Yrps4OHTj8— Annick De Ridder (@AnnickDeRidder) June 10, 2026
The Belgian approval is one of mighty importance because it truly shows how quickly countries in Europe could greenlight the FSD suite consecutively. Approvals are already coming in relatively quickly, which is a great sign.
Perhaps the next big development that could come from FSD approvals in Europe is an approval from a country like England, Italy, France, Spain, or Germany. It would be something to see how FSD would perform in a major European metro, such as London, Barcelona, Madrid, Paris, Rome, or Berlin.
Getting Full Self-Driving in Spain and England will be such huge milestones for Tesla. I am so excited to see how FSD performs in Madrid, Barcelona, and London, specifically.
The ultimate test will always be Mumbai or New Delhi. Excited for India’s eventual approval! https://t.co/paw9Ch1qmL pic.twitter.com/9RdDERVSSJ
— TESLARATI (@Teslarati) June 9, 2026
Full Self-Driving does an excellent job of roaming around major U.S. cities like New York and Los Angeles, but other high-profile international cities of significance would truly mark a line in the sand for Tesla, which can simply enable any vehicle in its customer-owned fleet to run FSD with the correct approvals.
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
Tesla unfolded its first European “folding Supercharger”
