Soccer star, David Beckham buys 10% stake in UK electric car firm, Lunaz

Soccer Star,David Beckham, 46, has taken 10% stake in Lunaz, a UK-based car restoration and electrification firm that electrifies classic cars from Rolls-Royce to Jaguars and Range Rovers.

The former England captain expands his portfolio of investments in startups join Lunaz’s founders and the Barclay, Reuben and Dellal families as a shareholder.

The Former England, Manchester United and Real Madrid football star had invested in Lunaz through his investment vehicle DB Ventures, the company said on Thursday, but did not disclose the value of the deal.He joins Lunaz’s founders and the Barclay, Reuben and Dellal families as a shareholder.

Silverstone-based Lunaz was founded in 2018 by Entrepreneur David Lorenz and F1 World Championship winning Technical Director Jon Hilton.

Lunaz converts conventional petrol and diesel-powered vehicles so that they can use its electric power-train technology. By the end of 2021, Lunaz Group will double the number of jobs for engineers and manufacturing technicians. It projects the creation of 500 highly skilled jobs by 2024.

Lunaz takes used diesel and petrol vehicles across the globe, remanufactures and reengineers them with modern technology, and converts them to green battery-powered vehicles.

The company says it has proved its approach through conversions of the world’s first fully electric Range Rover, Jaguar, Bentley and Rolls-Royce.

Its industrial vehicles offering will initially focus on heavy industrial vehicle classes 6 and 8.



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