David Beckham Buys Stake In Vehicle Electrification Firm Lunaz

Football great David Beckham has taken a 10 percent stake in Lunaz, a UK-based company that electrifies classic cars from Rolls-Royce to Jaguars and Range Rovers.

Beckham invested in Lunaz through his personal investment vehicle, DB Ventures. He joins Lunaz’s founders and the Barclay, Reuben, and Dellal families as a shareholder.

The Silverstone-based company now hopes to take its engineering logic and apply it to refuse trucks and other specialist commercial vehicles, giving them a new lease of life in the transition away from fossil fuels.

It is now launching two new arms which it says will create 500 skilled jobs developing electric drivetrains for heavy goods vehicles and off-the-shelf EV systems for customers.

Lunaz Applied Technologies will see the firm convert HGVs such as bin lorries and fire engines to electric power, which it says will extend the vehicles’ lives, reduce their long-term environmental impact and save operators as much as 43 percent compared with replacing the trucks with new vehicles.

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 very much look forward to being part of their growth.”

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.

“This top tier investor commitment is testament to Lunaz’ path to defining the market for remanufacturing and conversion to clean-air powertrains.”