Laraki was established in 1999 by Abdesslam Laraki, a Moroccan designer and entrepreneur who first became wealthy by importing cars in Morocco beginning in 1973. His son and the current owner of the firm is Abdeslam Laraki, a Moroccan designer who started out creating luxurious yachts and created the eponym company Laraki. Then following the steps of his father, he studied automobile design in Switzerland and soon after launched his first model, the Laraki Fulgura, in 2002.