BDS-1000 Dossier: Bugatti

Key Findings

• Economic: Bugatti Rimac’s ownership chain carries documented Israel exposure one and two tiers removed from Bugatti itself - outgoing 45% co-owner Porsche AG operates a Tel Aviv innovation office and holds a 40% stake in CyMotive Technologies, an Israeli automotive-cybersecurity firm co-founded by former Shin Bet officials, a stake now being diluted by a 2026 acquisition from India’s KPIT Technologies.¹²³⁴
• Digital: A same-founder sibling entity, Verne (Mate Rimac’s robotaxi venture), partnered with Jerusalem-based/Intel-owned Mobileye from February 2024 to integrate its autonomous-driving stack, but had discontinued the relationship by March 2026 in favor of China’s Pony.ai and Uber, for reasons neither company stated as Israel-related.⁵⁶⁷
• Political: Bugatti issued no statement of its own on Israel-Palestine; the only identified parent-level positioning is Porsche AG/Volkswagen Group’s co-signature of an October 2023 German-industry advertisement condemning the Hamas attack on Israel.⁸
• Not found: No public evidence of any Bugatti contract, product, facility, dealership, or executive statement tied to Israeli defense, security, or settlement activity - the company is absent from Who Profits, the PAX arms-industry report, the OHCHR settlement-business database, and the UN Special Rapporteur’s 2025 “economy of genocide” report.^9101112

Target Profile

Key Facts:

• Bugatti was a wholly owned Volkswagen AG subsidiary from 1998 to November 2021.¹⁶
• Bugatti Rimac’s controlling shareholder chain will hold no Israeli beneficial ownership before or after the pending 2026 transaction.¹⁷¹⁸¹⁹
• Rimac Technology, a Rimac Group sibling of Bugatti Rimac, engineers the battery/e-powertrain of the Bugatti Tourbillon and shares a Microsoft 365/Azure vendor relationship with Bugatti Rimac.²⁰²¹²²
• Bugatti does not appear as a named entity on Who Profits, in the PAX arms-industry report, in the OHCHR settlement-business database, or in UN Special Rapporteur Francesca Albanese’s 2025 report.^9101112

Executive Summary

Bugatti is a French-manufactured, Croatian-headquartered ultra-luxury hypercar brand operating since November 2021 as Bugatti Rimac d.o.o., a joint venture between Rimac Group (55%) and Porsche AG (45%).¹³¹⁴¹⁵ Across the four domain audits underlying this dossier - military, digital, economic, and political - no direct evidence was identified of Bugatti or Bugatti Rimac contracting with, selling to, investing in, or operating within Israel or Israeli-controlled territory. Bugatti does not appear in any of the principal civil-society or UN tracking instruments reviewed: Who Profits, the PAX Companies Arming Israel report, the OHCHR business-and-human-rights database, or the Special Rapporteur’s 2025 “economy of occupation to economy of genocide” report.^9101112

The documented nexus that does exist runs almost entirely through Bugatti’s ownership chain rather than through Bugatti’s own conduct. Volkswagen Group owned Bugatti Automobiles outright from 1998 to 2021 and, via Porsche AG, retains a 45% Bugatti Rimac stake pending a 2026 divestment. Volkswagen Group subsidiary MAN Truck & Bus supplies chassis for Israeli police riot-control water-cannon vehicles and buses to Egged, which serves West Bank and East Jerusalem settlement routes; Volkswagen-brand vehicles supply three of four models in a 10,000-vehicle leasing fleet available to Israeli military personnel.⁹²³ Separately, Porsche AG operates a Tel Aviv innovation office opened in 2017, wholly owns Porsche Digital Israel Ltd., and holds a 40% stake in CyMotive Technologies, an Israeli automotive-cybersecurity firm co-founded by former Shin Bet officials - a stake now being diluted by a 2026 acquisition from KPIT Technologies.¹²³⁴ None of these findings describe conduct by Bugatti Automobiles S.A.S. or Bugatti Rimac d.o.o. themselves.

The most direct technology-adjacent finding involves not Bugatti but a same-founder sibling company: Verne, an autonomous ride-hailing venture founded by Mate Rimac within the Rimac Group ecosystem, partnered with Jerusalem-based/Intel-owned Mobileye from February 2024 through early 2025 to integrate the Mobileye Drive autonomous-driving system into a Level-4 vehicle - a civilian mobility platform, not a targeting or security system. By March 2026 Verne had dropped Mobileye for China’s Pony.ai and partnered with Uber, with neither company citing an Israel-related reason.⁵⁶⁷ Rimac Technology, another Rimac Group sibling, is the confirmed supplier of the Bugatti Tourbillon’s battery and e-powertrain and shares a Microsoft 365/Azure vendor relationship with Bugatti Rimac - a relationship notable only because Microsoft is separately and independently documented as having supplied Azure cloud and AI services to the Israeli Ministry of Defense from 2023 until Microsoft curtailed certain subscriptions in September 2025; no evidence ties Bugatti Rimac’s specific tenant data to that arrangement.^2021242526

What is not supported by evidence is equally material to this dossier. No Bugatti defense contract, dual-use product, tactical variant, export-control action, settlement-linked facility, dealership, lobbying activity, anti-BDS pledge, or executive statement on Israel-Palestine was identified anywhere in the four audits. Bugatti has no dealer, importer, or operational presence in Israel, and the incoming HOF Capital/BlueFive Capital ownership consortium carries no identified Israeli holding, though BlueFive Capital is separately reported to be raising a roughly $3 billion Middle East defense-investment fund unrelated to any identified Israeli target.¹⁹²⁷

These findings - a civilian manufacturer with no direct Israel nexus, but with a documented and still-unwinding ownership-chain relationship to Volkswagen Group/Porsche AG’s more extensive Israeli commercial and technology activity - produce a Composite BRS of 293, placing Bugatti in Tier D (Moderate). The score is driven by the Economic domain (V=4.29), reflecting the ownership-chain financial exposure via Porsche AG, while the Military (0.80), Digital (0.11), and Political (1.10) domains register only marginal, largely indirect findings.

Timeline of Relevant Events

Corporate Overview

Bugatti Automobiles S.A.S., based in Molsheim, France, is the manufacturing entity that produces Bugatti’s hypercar line (Veyron, Chiron, Divo, Tourbillon).¹⁵¹⁶ Since 1 November 2021 it has operated within Bugatti Rimac d.o.o., a joint venture headquartered in Croatia and owned 55% by Rimac Group and 45% by Porsche AG, ending Volkswagen AG’s prior 100% ownership (1998–2021).^13141516 On 24 April 2026, Porsche AG agreed to sell its 45% Bugatti Rimac stake and its 20.6% Rimac Group stake to a consortium led by New York-based HOF Capital, with Abu Dhabi-headquartered BlueFive Capital (led by Hazem Ben-Gacem) as the largest investor; the transaction was pending completion, expected before the end of 2026, as of the underlying audits.¹⁷¹⁸¹⁹ No Israeli beneficial ownership or control was identified in either the outgoing (Rimac Group/Porsche AG) or incoming (HOF Capital/BlueFive Capital) ownership structure.

Within the Rimac Group ecosystem, two sibling entities under the same controlling principal (Mate Rimac) show technology ties relevant to this audit: Rimac Technology, which engineers the Bugatti Tourbillon’s battery and e-powertrain system and shares a Microsoft 365/Azure vendor relationship with Bugatti Rimac, and Verne, an autonomous ride-hailing venture whose since-discontinued partnership with Mobileye is discussed in the Digital domain below.^2021225 Bugatti Rimac’s Supervisory Board has included two Porsche AG appointees, Oliver Blume and Lutz Meschke, since the 2021 joint-venture formation; current board composition following the pending 2026 transaction had not been independently reconfirmed as of the source audits.¹⁴ No Bugatti dealership, showroom, service center, or franchise relationship of any kind was identified in Israel or in West Bank, East Jerusalem, or Golan Heights settlements; the two Israeli luxury-vehicle importers checked (Colmobil and UMI) do not carry the Bugatti brand.

Domain Summaries

Military: Military

Mechanism of Involvement

No public evidence identified of Bugatti, Bugatti Rimac d.o.o., or Bugatti Automobiles S.A.S. as a contracting party with any Israeli state security body, in SIBAT or any comparable Israeli defence-export directory, or in any dual-use, tactical, or mil-spec product line - Bugatti’s documented product line is exclusively civilian ultra-luxury hypercars. No supply-chain integration with Elbit Systems, Israel Aerospace Industries, Rafael Advanced Defense Systems, or Israel Military Industries, and no logistical, sustainment, or munitions-related activity of any kind was identified.

Counter-Arguments and Evidence Limits

Bugatti does not appear as a listed company on Who Profits (which maintains separate profiles for Volkswagen Group and MAN Truck & Bus, but none for Bugatti or Bugatti Rimac), is not named in the PAX June 2024 report on companies arming Israel, and does not appear in the OHCHR business-and-human-rights database or in the UN Special Rapporteur’s 2025 “economy of genocide” report.^9101112 No investigation, enforcement action, or court proceeding involving Bugatti and Israeli defence trade was identified. The company’s ownership-chain findings - Volkswagen Group’s fleet-leasing and MAN Truck & Bus police-vehicle supply - attach to Porsche AG, a minority (45%), now fully divesting shareholder, not to Bugatti’s controlling 55% shareholder Rimac Group, which has held control since the 2021 joint-venture formation.⁹²³

Named Entities and Evidence Map

Bugatti Rimac d.o.o.; Bugatti Automobiles S.A.S.; Rimac Group (55%, controlling); Porsche AG (45%, divesting); HOF Capital and BlueFive Capital (incoming consortium, no identified Israel nexus); MAN Truck & Bus and Volkswagen Group (parent-adjacent, not Bugatti-attributable).^{1314171819923}

Digital: Digital

Mechanism of Involvement

Bugatti Rimac and sibling entity Rimac Technology share a Microsoft 365 tenant (Teams, SharePoint, governed via Syskit Point); Rimac Technology separately uses Microsoft Azure high-performance computing for EV component simulation supporting Bugatti.²⁰²¹²² A same-founder sibling, Verne, partnered with Mobileye (Jerusalem-based, Intel-owned) from February 2024 to integrate the Mobileye Drive autonomous-driving system into a civilian Level-4 robotaxi, a partnership that remained publicly active into early 2025 before being replaced by China’s Pony.ai and a new Uber partnership by March 2026, with no stated Israel-related reason for the change.⁵⁶⁷ Microsoft, Bugatti Rimac’s shared cloud vendor, is separately documented as having provided Azure cloud storage and AI services - including translation and transcription of intercepted Palestinian communications - to the Israeli Ministry of Defense from 2023 until it “ceased and disabled” certain unit subscriptions in September 2025.²⁴²⁵²⁶

Counter-Arguments and Evidence Limits

No public evidence identified of Bugatti, Bugatti Rimac, or Rimac Group operating data-centre infrastructure in Israel, participating in Project Nimbus, or providing sovereign-cloud services to any Israeli state body. No facial-recognition, biometric, or surveillance technology of any kind was identified in Bugatti’s operations. The Verne–Mobileye relationship was a civilian autonomous-mobility partnership, not a targeting or kill-chain system, and no evidence ties Mobileye’s crowdsourced REM mapping data used by Verne to Israeli or occupied-territory surveillance datasets; the partnership was in any case discontinued by March 2026.⁵ No evidence identified that Bugatti Rimac’s specific Microsoft tenant is hosted in or accessible to Israeli infrastructure - the Microsoft-Israeli MoD finding is presented as vendor-level context, not a direct Bugatti relationship.²⁴²⁵²⁶ A Brands2Boycott listing groups “Bugatti” with Volkswagen at a “Level 2” boycott tier, but this classification rests on Bugatti’s pre-2021 status as a wholly owned VW subsidiary rather than on any post-2021 Bugatti Rimac-specific conduct.³² Bugatti’s dedicated Business & Human Rights Resource Centre profile records no allegations.³³

Named Entities and Evidence Map

Rimac Technology; Verne; Mobileye/Intel; Pony.ai; Uber; Microsoft (Azure, Microsoft 365); Syskit.^{202122242526567}

Economic: Economic

Mechanism of Involvement

Bugatti manufactures no goods relevant to Israeli agricultural, retail, or consumer supply chains, and holds no direct Israeli capital investment, facility, or R&D presence. The documented economic exposure attaches to Bugatti Rimac’s outgoing 45% co-owner: Porsche AG opened a Tel Aviv innovation office in 2017 with an eight-figure initial investment, expanded this in 2022 through Porsche Digital and Porsche Ventures with a cybersecurity focus, wholly owns Porsche Digital Israel Ltd., holds a 40% stake in CyMotive Technologies (an Israeli automotive-cybersecurity firm co-founded by former Shin Bet director Yuval Diskin and two other former Shin Bet officials), and holds a minority stake in Haifa-based Tactile Mobility.¹²³²⁷ In 2026, India’s KPIT Technologies announced a stake acquisition in CyMotive that would progressively dilute or exit Porsche’s position, a transaction in progress and not confirmed discontinued.⁴ Separately, Volkswagen Group’s MAN Truck & Bus supplies chassis for Israeli police riot-control water-cannon vehicles, and Volkswagen-brand vehicles constitute three of four models in a 10,000-vehicle leasing fleet available to Israeli Ministry of Defense personnel.⁹

Counter-Arguments and Evidence Limits

No public evidence identified of any Bugatti office, dealership, importer, warehouse, workforce, or tax registration in Israel or the occupied territories; the two Israeli luxury-vehicle importers checked do not carry Bugatti. No public evidence identified of Bugatti or Bugatti Rimac itself holding Israeli-domiciled shares, sovereign bonds, or Israel-focused fund positions, or of underwriting Israeli sovereign debt - Bugatti is not a financial-sector entity. No Israeli beneficial ownership or control exists in Bugatti Rimac’s outgoing or incoming ownership structure, and on the founding, headquarters, tax-status, and beneficial-ownership factors reviewed, Bugatti/Bugatti Rimac does not trigger an Israeli-nexus threshold.¹⁷¹⁸¹⁹ The Porsche AG investments described above are passive minority or wholly separate-subsidiary positions of a 45% co-owner now fully divesting, not holdings of Bugatti Rimac or Rimac Group.

Named Entities and Evidence Map

Porsche AG; Porsche Digital Israel Ltd.; Porsche Ventures; CyMotive Technologies (Yuval Diskin, Tsafrir Kats, Tamir Bechor); KPIT Technologies; Tactile Mobility; MAN Truck & Bus; Volkswagen Group; Rimac Group; HOF Capital; BlueFive Capital.^{1718199123427}

Political: Political

Mechanism of Involvement

No Bugatti-branded statement addressing the Israel-Palestine conflict was identified; the only identified Bugatti public statement in this period was an unrelated 2024 denial of a deepfake claim about Ukraine’s First Lady purchasing a Bugatti.³⁴ At the ownership-chain level, Porsche AG (Chairman Oliver Blume) and Volkswagen Group were among 106 signatories of the 22 October 2023 “Never again is now” German-industry advertisement condemning “Hamas’s terrorist attack on Israel” while referencing civilian suffering “in Israel and Gaza.”⁸ Porsche’s subsequent November 2023 donation of €1,000,000, routed through general disaster-relief NGO Aktion Deutschland Hilft, used markedly vaguer language (“hostilities in the Middle East”) than the earlier statement and did not name Israel, Gaza, or Hamas.³⁰ Volkswagen Group separately funds an Anti-Defamation League office in Berlin, a commitment predating the 2021 Bugatti/VW separation and framed around Volkswagen’s own Nazi-era history.³⁵

Counter-Arguments and Evidence Limits

No public evidence identified of Bugatti lobbying activity, anti-BDS pledge or certification, donation to Friends of the IDF, JNF/KKL, or any settlement organization, by Bugatti, Bugatti Rimac, Rimac Group, or their controlling principals. No personal statement, donation, board affiliation, or advocacy-organization role concerning Israel/Gaza/Palestine was identified for Mate Rimac, for HOF Capital co-founders Hisham Elhaddad, Onsi Sawiris, or Fady Yacoub, or for Oliver Blume or Lutz Meschke beyond the corporate-level acts described above. No golden share or state-linked foundational mandate exists in Bugatti’s or Bugatti Rimac’s governing documents; available materials describe a standard commercial hypercar/EV joint venture.¹⁶ Bugatti, Volkswagen, and Porsche are absent from the OHCHR’s 2020 settlement-business database and from the Special Rapporteur’s 2025 report, and were not identified in Al-Haq’s November 2025 “Don’t Buy into Occupation V” company list.¹²³⁶³⁷

Named Entities and Evidence Map

Oliver Blume; Lutz Meschke; Mate Rimac; HOF Capital (Hisham Elhaddad, Onsi Sawiris, Fady Yacoub); Porsche AG; Volkswagen Group; Aktion Deutschland Hilft; Anti-Defamation League (Berlin office, Volkswagen Group-funded).^3083538

BDS-1000 Score (V4)

• V_MAX: 4.29 Sum_OTHERS: 2.01
• BRS Score: 293 Tier: D (Moderate)

V_MAX is driven by Economic, reflecting Bugatti’s position within an ownership chain - Porsche AG’s Tel Aviv innovation office, CyMotive Technologies stake, and Tactile Mobility holding - that carries the highest documented Impact, magnitude, and proximity scores of the four domains, even though these holdings belong to a divesting minority shareholder rather than to Bugatti Rimac itself. Military and Digital remain low because no direct military contracting or surveillance/security-technology relationship was found; Political sits marginally above Military/Digital on the strength of parent-level corporate signatures rather than any Bugatti-specific political conduct. The resulting Composite BRS of 293 places Bugatti in Tier D (Moderate), consistent with a company whose own documented conduct shows minimal Israel nexus but whose current and former corporate parents carry more substantial, independently sourced findings. Scores were computed using the scale-free BDS-1000 method (Impact × magnitude/proximity per domain), are evidence-only, and reflect the final human-vetted V4 values.

Methodology Note

• All claims in this dossier are drawn exclusively from the four domain audits (Military, Digital, Economic, Political); no independent research was conducted for this synthesis.
• Impact (I) reflects the type of activity documented; Magnitude (M) reflects its scale; Proximity (P) reflects directness of the company’s involvement - each domain’s V-score is scale-free, not additive across domains.
• Where the underlying audits found nothing on a given sub-topic, this dossier states “No public evidence identified” rather than inferring absence-of-evidence as evidence-of-absence, or silently omitting the check.
• Temporal rule: divested, exited, or discontinued relationships (e.g., Verne’s dropped Mobileye partnership, KPIT’s dilution of Porsche’s CyMotive stake) are carried with their discontinuation dates and are not scored as ongoing.
• Entity-attribution rule: no transitive guilt is applied - findings about Volkswagen Group, Porsche AG, MAN Truck & Bus, or Rimac Group sibling entities (Rimac Technology, Verne) are explicitly labeled as ownership-chain or same-founder findings, distinct from direct Bugatti Rimac d.o.o. or Bugatti Automobiles S.A.S. conduct.
• All caveats present in the source audits (unverified tender outcomes, pending/incomplete transactions, “not independently reconfirmed” board composition) are preserved rather than hardened into definitive claims.

End Notes