David Beckham Invests In Bin Lorries

Thu 3rd Jun 2021

It’s not the headline you might expect to see from one of England’s most celebrated footballers, but David Beckham has bought a 10 per cent stake in a company which has ambitions of electrifying Britain’s fleet of used vehicles.

Beckham has invested in Lunaz, a Silverstone-based company who traditionally have put electric engines in classic cars such as Jaguar and Range Rover. But the company are aiming to expand their horizons and lengthening the life of HGV vehicles such as bin lorries.

By upcycling older vehicles the company hopes to provide an additional 500 highly skilled jobs by 2024, but more importantly provide an answer to all those highly polluting vehicles which will likely remain on Britain’s roads beyond the 2030 ban on new petrol and diesel engines.

“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,” Beckham said in a carefully prepared press release.

“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.”

Lunaz have built a reputation for putting electric engines in some of Britain’s classic marques, though with prices starting at £245,000 to convert a Range Rover, there may need to be some negotiating on the transfer fee if local authorities are to be convinced to convert their bin lorries to electric.

“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,” said David Lorenz, founder of Lunaz.

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