David Beckham invests in UK company Lunaz who offer electric powertrains for existing vehicles
Upcycling existing passenger, industrial and commercial vehicles presents a sustainable alternative to replacing them with new
David Beckham has invested in the rapidly growing vehicle electrification company Lunaz. The engineering company, who are based in Silverstone, have designed and developed an electric powertrain with Prodrive to breathe new life into many classic cars including Rolls-Royce, Jaguar and Ranger Rovers.
Being based in Silverstone provides Lunaz with a large pool of engineers, designers and authorities on electric cars. Their team includes senior technical talent from Aston Martin, Cosworth, Ferrari, Jaguar, McLaren, Rolls-Royce and Volkswagen. Together they hand-build some of the finest electric classic cars available around the globe.
Lunaz recently grew its global manufacturing headquarters by 500 percent during the spring of this year. The company also expects to offer around 500 highly skilled jobs by 2024
Beckham is joined as an investor by the Reuben and Barclay families and Alexander Dellal. They join founding investors Navid Mirtorabi and CJ Jones, who are both entrepreneurs and investors in clean-tech startups.
Through his investment arm, Beckham has successfully identified and backed fast-growth start-ups in sectors as diverse as eSports and athletic recovery products. Beckham took a 10 percent stake in Lunaz. With Beckham and such big investors joining Lunaz goes to show how important electric cars and clean driving is going to be in the coming years
David Beckham, Lunaz investor, said: “Lunaz represents the very best of British ingenuity in both technology and design. I was drawn to the company through their work restoring some of the most beautiful classic cars through upcycling and electrification. David Lorenz and his team of world-class engineers are building something very special and I look forward to being part of their growth.”
David Lorenz, Lunaz founder and CEO, said: The upcycling of existing passenger, industrial and commercial vehicles presents a sustainable alternative to replacing with new. Our approach will save fleet operators capital while dramatically reducing waste in the global drive towards de-carbonisation.
“There is evidence everywhere in the global economy that responsibility and commerciality are no longer mutually exclusive. This top tier investor commitment is testament to Lunaz’ path to defining the market for remanufacturing and conversion to clean-air powertrains.”