4 June 2021
6 Mins read

Lunaz, UK-based Electric Vehicle firm, secures investment from David Beckham

Founded in 2018 by David Lorenz, Lunaz re-engineers and electrifies classic cars made by Rolls-Royce, Jaguar and Range Rover and Bentley. The classic EV company is looking to expand into commercial vehicles, aiming for 500 jobs across three divisions beginning with industrial HGV vehicles including refuse trucks. There are currently over 80 million HGY vehicles in the UK, EU and US alone.

With the ban of vehicles solely by petrol or diesel coming to the UK by 2030, the need for electric vehicles is becoming more persistent by the year. There are more and more workshops showing up around the country that cater to this new class of customer as batteries finally reach the point where they can be slotted into older models. Although we can currently see the EV technology, financially, it is likely to be some time before conversions of mass-market cars are within reach.

“Lunaz was created to further the legacies of the most beautiful cars in the world” Source: https://lunaz.design/philosophy

Despite the fact that the EV company is a new player in the industry, Lunaz is developing quite a reputation. The collection of cars under its wing include 1961 Rolls-Royce by Lunaz Phantom V and Silver Cloud, the Top Gear winning 1961 Bentley Continental Flying Spur by Lunaz as well as classic Jaguars and Range Rovers. Each car has been restored with sustainable luxury materials and completely re-engineered for clean battery-electric drive and digitalized for modern driving.

David Beckham has taken a 10 percent stake in Lunaz, as the former England football captain expands his portfolio of investments in startups. Alongside the founding investors, entrepreneurs Navid Mirtorabi and Christopher Jones, this investment will help Lunaz achieve its ambitious plans to expand the upcycling and electrification program to industrial vehicles and on a global scale.

Unsurprisingly, Mr Beckham is not the only investor whose interest has been piqued. Onboard you can see some famous faces such as the owners of the Daily Telegraph, the Barclay family, the property billionaire Reuben brothers and more!

What is the 2030 petrol and diesel ban?

As a part of the UK Government’s “green plan” there is going to be a ban on new cars and vans powered wholly by petrol and diesel. This is being enforced to tackle climate change and create jobs in industries such as nuclear energy. Business Secretary Alok Sharma has said that the £4bn allocated to implement the 10-point plan was part of a broader £12bn package of public investment, which “will help to bring in three times as much in terms of private-sector money”.

While the plans don’t mean the end for the sale of used petrol and diesel cars, now is the perfect time to consider making the switch to electric, especially since there are more than 20,000 charging devices in the UK!

At Cars2Buy, we are very excited about the EV boom. Whether you are looking to lease or purchase your next electric vehicle, we are there to help point you in the right direction. To view Cars2Buy’s range of electric vehicles, contact our team today or go to our page: https://www.cars2buy.co.uk/new-cars/