Football legend David Beckham has invested in the rapidly growing UK vehicle electrification company, Lunaz. He took a 10% stake in the company.
Lunaz upcycles and converts motor vehicles to its proprietary electric powertrain. The company has brought to market the world’s first fully-electric Range Rover, Bentley, Rolls-Royce and Jaguar sports cars through its Lunaz Design brand
Following this injection of growth capital Lunaz plans to grow its offering to the upcycling and electrification of industrial vehicles on a mass global scale. Lunaz will begin with industrial HGV vehicles including refuse trucks, of which 80 million currently exist in the UK, EU and U.S. alone.
Through his investment arm Beckham has identified and backed fast-growth start-ups in sectors as diverse as eSports and athletic recovery products. During his career, Beckham played for Manchester United, Real Madrid and AC Milan.
David Beckham, Investor, Lunaz, says: “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, Founder and CEO, Lunaz, adds: “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.”
A team from Aston Martin, F1, Ferrari, Bentley, Rolls-Royce, McLaren and Prodrive developed Lunaz’s unique EV powertrain
The company is headquartered in Silverstone, Britain’s advanced automotive technology heartland. It is the fastest-growing and now largest company by manufacturing space and employees within the Silverstone Technology Cluster.
To read our full interview with Lunaz’s CEO, click on the link.
Keyword: Football Legend David Beckham Invests in UK Electric Vehicle Company Lunaz