David Beckham has joined the Barclay, Reuben and Dellal families by investing in the fast growing vehicle electrification company Lunaz.
Technology company Lunaz upcycles and converts conventional internal combustion engine vehicles with its proprietary electric powertrain and has announced an ambitious new growth phase following the backing by a group of strategic investors.
David Beckham is joined by the Reuben and Barclay families and Alexander Dellal as new investors, joining founding investors Navid Mirtorabi and CJ Jones who are both entrepreneurs and investors in clean-tech startups. Beckham has successfully identified and backed a number of fast-growth start-ups in sectors as diverse as eSports and athletic recovery products and takes a 10% stake in Lunaz.
Beckham commented on his investment by saying:
“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.”
Lunaz started the production of its first electrified car in 2019, aimed at prolonging the life of celebrated classic marques such as the Bentley, Rolls-Royce and Jaguar sports cars, with their 1961 Bentley Continental Flying Spur being awarded by BBC Top Gear in its ‘Electric Vehicle Awards’ issue.
Based in Silverstone, Britain’s advanced automotive technology heartland, Lunaz is now the fastest-growing and largest company by manufacturing space and employees within the Silverstone Technology Cluster.
As David Lorenz, Founder and CEO of Lunaz says:
“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.”
As a result of this fresh injection of growth capital, Lunaz is announcing ambitious plans to grow its offering to the upcycling and electrification of industrial vehicles on a mass global scale, beginning with industrial HGV vehicles which will include refuse trucks, of which there are 80 million currently in use in the UK, EU and USA.