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Former England football superstar David Beckham has bought a 10 percent stake in Lunaz, the UK-based vehicle electrification and restoration company.
Besides Beckham, the Daily Telegraph owners, the Barclay family and property billionaires Reuben brothers are shareholders in Lunaz. Silverstone-based Lunaz mostly electrifies cars from Rolls-Royce, Range Rover and Jaguar. Beckham has not revealed the deal size.
"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,” the former Manchester United and Real Madrid midfielder said.
In a statement, the EV company said that Beckham had invested in Lunaz through his personal investment vehicle, DB Ventures, which has backed other fast-growth start-ups in sectors as diverse as eSports and athletic recovery products.
(Writing by Brinda Darasha; editing by Seban Scaria)
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