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Pagani Automobili

Bespoke Luxury HypercarsFounded 1992
Reviewed by Swet Parvadiya
Company data updated: October 2026

Company History

Pagani History: Founding, Growth & Key Milestones

Founded 1992 in San Cesario sul Panaro, Modena, Italy

When was Pagani founded?

Pagani was founded in 1992 in San Cesario sul Panaro, Modena, Italy by Horacio Pagani, making it 34 years old.

Founded
1992
Founding place
San Cesario sul Panaro, Modena, Italy
Founders
Horacio Pagani
Headquarters today
San Cesario sul Panaro, Modena, Italy
Milestones documented
12 (1987–2026)
Current CEO
Horacio Pagani
YearEvent
1987Horacio Pagani Builds Lamborghini Countach Evoluzione
1992Pagani Automobili Founded in San Cesario sul Panaro
1999World Debut of the Pagani Zonda C12 in Geneva
2008Invention of Patented Carbo-Titanium (Carbo-Triax)
2010Zonda R Nurburgring Lap
2011Launch of the Pagani Huayra with Active Aerodynamics
2017Huayra Roadster Unveiled
2021Saudi PIF Becomes Minority Shareholder
2022World Premiere of the Pagani Utopia
2023Utopia Roadster Revealed
2025Turnover Reaches €181 Million
2026Pagani Residences Break Ground in Miami
Where was Pagani founded?
Pagani was founded in San Cesario sul Panaro, Modena, Italy in 1992.
Who founded Pagani?
Pagani was founded by Horacio Pagani.
When did Pagani start?
Pagani was founded in 1992.
How old is Pagani?
Pagani is 34 years old as of 2026.

Founding Story

In the 1980s Horacio Pagani worked at Lamborghini, where he led composite work including the carbon-fiber Countach Evoluzione prototype. When Lamborghini declined to buy an autoclave, he bought one himself, left the company and set up Modena Design in 1991 to supply composite parts. That business funded his first car project, which became the Zonda C12 shown at Geneva in 1999.

Founders

Horacio Pagani

Horacio Pagani (born 10 November 1955 in Casilda, Argentina) is the founder and chief designer of Pagani Automobili. With a recommendation from Juan Manuel Fangio he joined Lamborghini, where he worked on carbon-fiber projects including the Countach Evoluzione. He bought his own autoclave, founded Modena Design in 1991 and Pagani Automobili in 1992, and designed the Zonda, Huayra and Utopia. Education: National University of La Plata. Horacio Pagani was born in 1955.

Key Milestones

1987

Horacio Pagani Builds Lamborghini Countach Evoluzione

Engineered the world's first carbon-fiber supercar chassis at Lamborghini using composite materials.

Source: en.wikipedia.org
1992

Pagani Automobili Founded in San Cesario sul Panaro

Horacio Pagani established his own atelier to engineer the supercar of his dreams.

Source: en.wikipedia.org
1999

World Debut of the Pagani Zonda C12 in Geneva

Unveiled the well-known Zonda at the Geneva Motor Show, powered by a Mercedes-AMG V12 engine.

Source: en.wikipedia.org
2008

Invention of Patented Carbo-Titanium (Carbo-Triax)

Carbo-Titanium composite, which weaves titanium with carbon fiber, debuted on the Zonda R and Zonda Cinque.

Source: en.wikipedia.org
2010

Zonda R Nurburgring Lap

The track-only Zonda R lapped the Nurburgring Nordschleife in 6 minutes 47 seconds in 2010.

Source: en.wikipedia.org
2011

Launch of the Pagani Huayra with Active Aerodynamics

Debuted the Huayra featuring four independent active aerodynamic flaps and gullwing doors.

Source: en.wikipedia.org
2017

Huayra Roadster Unveiled

Pagani unveiled the Huayra Roadster at the Geneva Motor Show in March 2017.

Source: en.wikipedia.org
2021

Saudi PIF Becomes Minority Shareholder

Saudi Arabia's Public Investment Fund agreed a long-term minority investment, reported at 30%; the Pagani family kept control.

Source: pagani.com
2022

World Premiere of the Pagani Utopia

Unveiled the third chapter of Pagani hypercars, featuring a gated 7-speed manual AMG V12.

Source: en.wikipedia.org
2023

Utopia Roadster Revealed

Open-top Utopia unveiled with the same 864 hp AMG V12 and optional manual gearbox.

Source: en.wikipedia.org
2025

Turnover Reaches €181 Million

Filed accounts show 2025 turnover of about $205M (€181.3M) and net profit of ~$54.6M (€48.3M).

Source: ufficiocamerale.it
2026

Pagani Residences Break Ground in Miami

Construction began in May 2026 on a 30-storey Pagani-branded residential tower in North Bay Village, Florida.

Source: floridayimby.com

Keep researching Pagani

Pagani Company History FAQ

What are the major historical milestones of Pagani Automobili since its inception?

Key historical milestones include: 1991 founding of Modena Design; 1992 establishment of Pagani Automobili; 1999 debut of the Zonda C12 at Geneva; 2005 launch of the Zonda F; 2009 introduction of the Zonda Cinque with Carbo-Titanium; 2011 unveiling of the Pagani Huayra; 2016 opening of the new San Cesario sul Panaro factory and museum; 2021 PIF minority investment; and 2022 global unveiling of the Pagani Utopia.

How did the Pagani Zonda evolve over its multi-decade production run?

The Zonda debuted in 1999 as the C12 (400 hp), evolving into the C12 S (7.0L/7.3L), the Zonda F (dedicated to Juan Manuel Fangio), the track-only Zonda R (which set a Nürburgring Nordschleife lap record of 6:47 in 2010), the Zonda Cinque (first with Carbo-Titanium), and bespoke 760 Series commissions.

When did Pagani introduce the Huayra and what engineering innovations did it feature?

Introduced in 2011 and named after 'Huayra-tata' (the Andean god of the wind), the Huayra featured a major Carbo-Titanium monocoque, gullwing doors, active aerodynamic flaps, a 730+ hp Mercedes-AMG M158 twin-turbo V12, and a sequential 7-speed gearbox.

What was the significance of the Pagani Huayra BC launched in 2016?

The Huayra BC (dedicated to Benny Caiola, Horacio Pagani's first customer and close friend) was a track-focused evolution generating 789 hp, weighing just 1,218 kg, and pioneering Pagani's Carbo-Triax HP62 composite material to deliver extreme high-downforce track performance.

What is the Pagani Museum (Museo Horacio Pagani) in San Cesario sul Panaro?

Opened in 2017 alongside Pagani's new headquarters, the Museo Horacio Pagani displays Horacio's early childhood wooden models, technical drawings, composite artifacts, and well-known production and one-off hypercars, serving as an international cultural pilgrimage destination for automotive enthusiasts.

When was the Pagani Utopia unveiled and what does it represent for the brand?

Unveiled in September 2022 at the historic Sala del Cenacolo in Milan, the Pagani Utopia (C10) represents Pagani's third generation. It features an 864 hp AMG twin-turbo V12, an available gated 7-speed manual gearbox, classic sculpted aerodynamic contours, and an analogue cabin devoid of large digital touchscreens.

How did Pagani establish its track record on well-known circuits like the Nürburgring?

In 2010, the Pagani Zonda R, driven by Marc Basseng, completed a lap of the Nürburgring Nordschleife in 6 minutes and 47 seconds, setting a historic world lap record for production-based chassis and proving Pagani's supreme aerodynamic and chassis engineering.

What is Pagani's vision for preserving internal combustion art in the future?

Pagani is committed to continuing the production of lightweight, hand-crafted V12 hypercars for as long as global regulations permit, utilizing sustainable synthetic e-fuels, advanced composite weight-reduction technologies, and bespoke artisanal craftsmanship to preserve pure mechanical driving art.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.