David Beckham joins the Barclay, Reuben and Dellal families in investing in the rapidly growing vehicle electrification company, Lunaz, which upcycles and converts vehicles to clean-air powertrains.
David Beckham 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.”
Lunaz upcycles and converts motor vehicles to its proprietary electric powertrain and has recently announced a new growth phase following backing by a group of strategic investors.
Lunaz provides a proven response to the requirement legislated by global governments to sustainably transition vehicle fleets to clean-air powertrains.
David 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. He took a 10% stake in the company.
The company established its global leadership in vehicle electrification through its work furthering the legacies of the most celebrated classic cars in history. Bringing to market the world’s first fully-electric Range Rover, Bentley, Rolls-Royce and Jaguar sports cars through its Lunaz Design brand.
The 1961 Bentley Continental Flying Spur by Lunaz was awarded by BBC Top Gear in its ‘Electric Vehicle Awards’ issue.
Lunaz’ growth has accelerated as individual and hospitality buyers across the globe rebalance their fleets in response to increasing pressure from legislators to limit the use of high-emissions vehicles in city-centres.
David Lorenz, Founder and CEO, Lunaz, 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.”
Image: Lunaz Press Image