The Porsche’s Mission E project was premiered at the Frankfort Show 2015 and now the board has approved that the developing of a new electric sports car, which is to be designed based on its Mission E project. With the total investment of approximately Rs. 7,000 crore (USD 1.1 billion), the Porsche’s all-electric sports car will be developed and the model might be launched by 2020. As an initial investment, the company has to spend around Rs. 5,000 crore (USD 760 million) for its main production facility.