David Beckham backs electric cars with massive investment into classic car electrification

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The former England star is believed to have taken a 10 percent stake in Lunaz as he takes small steps into the automotive industry. The football star was photographed getting to grips with electric car technology at the company’s Silverstone factory.

As well as looking at the range of electric models he even had a go at plugging in an electric charger himself.

Mr 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 look forward to being part of their growth.”

Lunaz reached critical acclaim after upgrading a range of the most lucrative sports cars to run on electric powertrains.

The firm mainly focused on upgrading classic Rolls Royce, Range Rover, Bentley and Jaguar models.

However, the firm’s recent injection has led to rapid growth plans with a focus on the electrification of the industrial industry.

This will include upgrading HGV vehicles such as refuse trucks in the UK, EU and USA.

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They said the new electrification process could extend the life of up to 70 percent of vehicles.

They say when the 2030 petrol and diesel car ban comes into effect there will be around two billion conventional cars still on the roads across the world.

Lunaz says remanufacturing and upcycling cars through electrification will prevent the majority of these cars from being scrapped.

David Lorenz, Founder and CEO of Lunaz said the new system will save businesses money.

He 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.

“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.”

David Beckham joins existing investors such as the Reuben and Barclay families and Alexander Dellal.

Founding investors include Navid Mirtorabi and CJ Jones who are both entrepreneurs and investors in clean-tech startup companies.

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