Soccer star David Beckham buys stake in electric-car firm Lunaz

Posted on

David Beckham has taken a 10% stake in Lunaz, a UK-based car restoration and electrification company, as the former England football captain builds on various investments in companies related to e-sports, cannabis and now cars.

Beckham had invested in Lunaz through his investment vehicle, DB Ventures, the company said Thursday, but did not disclose the value of the deal.

“I was drawn to the company by their work restoring some of the finest classic cars through upcycling and electrification,” Beckham said in a statement. He will join the founders of Lunaz and the Barclay, Reuben and Dellal families as a shareholder.

Founded in 2018 by David Lorenz, Lunaz re-engineers and electrifies classic cars from Rolls-Royce, Jaguar and Range Rover and Bentley.

Beckham, 46, became a co-owner of London-based virtual sports academy Guild Esports last year. He also co-owns Major League Soccer’s Inter Miami and has a nearly 5% stake in Cellular Goods, which makes skincare and athletic repair products based on biosynthetic cannabinoids.

Lunaz did not immediately respond to a request for comment, while the former Manchester United player or his publicist could not be reached for further comment.

(Reporting by Pushkala Aripaka and Indranil Sarkar in Bengaluru; editing by Ramakrishnan M.)

  Swiss firm begins testing 200-mph resto-modded Ferrari Testarossa