WOBO recognises that many countries are seeking to minimise the impact of diesel and petrol vehicles.
Through his investment arm, David Beckham has taken a 10 percent stake in rapidly growing technology company Lunaz, which upcycles and converts motor vehicles to its proprietary electric powertrain.
Lunaz has announced an ambitious new growth phase supported by a group of strategic investors that includes the Reuben and Barclay families and Alexander Dellal alongside David Beckham. The company established a global presence in vehicle electrification through its work furthering the legacies of the most celebrated classic cars in history. It has electrified 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.
Since Lunaz started production of its first cars in 2019 it has drawn an entirely new generation to some of the most revered marques in history, attracted by the reliability, usability and sustainability of electric vehicles. This 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.
“The upcycling of existing passenger, industrial and commercial vehicles presents a sustainable alternative to replacing with new” said David Lorenz, Founder and CEO, Lunaz. “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.”
