Pagani Automobili S.p.A. is a family-controlled Italian hypercar maker in San Cesario sul Panaro, near Modena. Founded in 1992 by Horacio Pagani, a former Lamborghini composites specialist, it reported 2025 turnover of about $205 million (€181.3 million) and net profit of about $54.6 million (€48.3 million), with around 255 employees. Saudi Arabia's Public Investment Fund has held a minority stake, reported at 30%, since 2021.
What Does Pagani Automobili Do?
- Utopia and Utopia Roadster: third-generation hypercar (2022/2023) with an 864 hp 6.0-litre twin-turbo Mercedes-AMG V12 and an optional 7-speed manual.
- Limited series and one-offs: cars such as the Huayra Codalunga, Huayra R and Zonda-based commissions.
- Pagani Rinascimento: factory restoration and certification of earlier cars.
- Pagani Arte: brand licensing, including Pagani Residences in North Bay Village, Miami.
How Does Pagani Make Money?
Most revenue comes from selling a few dozen hand-built hypercars a year, plus personalisation, special commissions, servicing, restorations and licensing. Pagani does not disclose a revenue split. Turnover grew from ~$170 million (€150.4 million) in 2023 to ~$183 million (€161.6 million) in 2024 and ~$205 million (€181.3 million) in 2025.
Who Owns Pagani?
The Pagani family holds the majority. In August 2021 Pagani announced a long-term partnership with Saudi Arabia's Public Investment Fund, which became a minority shareholder. No valuation has been officially disclosed.
Carbo-Titanium and Composites
Pagani began as a composites business, Modena Design, in 1991. It later developed Carbo-Titanium, which weaves titanium into carbon fiber to make the structure less prone to shattering in an impact, and Carbo-Triax, used in later Huayra and Utopia structures.
Competitors
Pagani competes for collectors with Bugatti Rimac, Koenigsegg, Ferrari special series, McLaren and Aston Martin's Valkyrie. Its focus is on design, hand finishing and analogue driving feel rather than outright top speed.
