The electrified vintage car company Lunaz will receive an investment from former England footballer David Beckham as the company plans to expand its production offering.
Beckham has taken a 10% stake in the company founded in 2018 and is joining investors such as the Rueben and Barclay families. The Silverstone-based company aims to provide 500 highly skilled jobs by 2024.
“Lunaz represents the best of British ingenuity in terms of technology and design,” said Beckham. “I was drawn to the company for their work in restoring some of the finest classic cars through recycling and electrification.
“[Company founder] David Lorenz and his team of world-class engineers are building something very special and I can’t wait to be a part of their growth.
Lunaz already has a large portfolio of classic cars, producing electrified versions of the original Bentley Continental, Mk1 Range Rover and Rolls-Royce Phantom V, but will expand production to manufacture utility vehicles on a large scale. It will start with industrial heavy goods vehicles such as garbage trucks.
The company also announced plans for the Lunaz group, with three individual divisions. Lunaz Design will focus on reviving classic cars, Lunaz Applied Technologies will recycle fleet vehicles, and Lunaz Powertrain will supply the manufacturer’s proprietary modular powertrain.
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Source: www.autocar.co.uk
This notice was published: 2021-06-02 23:01:24
