Lunaz, the electric car company backed by David Beckham which collapsed into administration earlier this year, has completed a restructure and restarted production.
The Silverstone-based business will continue to electrify classic cars and up-cycle commercial vehicles under a new structure and business entities.
Lunaz Design will operate from the company’s existing headquarters and production home on the Silverstone Technology Park.
This will see the resumption of production for all Lunaz Design platforms (Aston Martin DB6, Bentley Continental, Jaguar XK, Range Rover Classic, and Rolls-Royce Silver Cloud and Phantom V/VI).
Lunaz said that order books are open for deliveries to start in the fourth quarter of 2025.
It added that all existing builds have resumed for both individual and hospitality customers, with the first tranche of deliveries to take place over summer 2024.
The commercial vehicles business has also restarted operations and is aiming to make its first customer deliveries in the first quarter of 2025.
Founder David Lorenz said: “Up-cycling and electrification are the sustainable and economically viable courses for the generational shift to zero-emissions vehicles.
“We are delighted to have worked with our clients and stakeholders to create a new structure that lays the foundations for the long-term sustainable growth of the business.
“This ensures we are ready to meet immediate demand for vehicle electrification services and are fit to scale in direct response to volume requirements as major markets build towards legislative bans on Internal Combustion Engine (ICE) commercial vehicles.”
The news comes after it was revealed that Lunaz’s creditors are set to lose out on almost £20m because the business entered administration.
According to a new document filed with Companies House by FRP, unsecured creditors in Lunaz are only set to receive a share of just over £1.6m.
The Silverstone-based vehicle electrification business entered administration earlier this year with the majority of jobs lost.
According to documents filed with Companies House, David Beckham holds 200,000 shares in Lunaz Group.
Lunaz, the electric car company that recently faced financial struggles, has successfully completed a restructure and is back in production. The company, which is now operating under a new structure and business entities, will continue its mission to electrify classic cars and up-cycle commercial vehicles.Under the new structure, Lunaz Design will be based at its existing headquarters and production facility on the Silverstone Technology Park. Production has resumed for all Lunaz Design platforms, including the Aston Martin DB6, Bentley Continental, Jaguar XK, Range Rover Classic, and Rolls-Royce Silver Cloud and Phantom V/VI.Orders are now being accepted for deliveries scheduled to begin in the fourth quarter of 2025. The company has also restarted production for both individual and commercial customers, with the first deliveries expected to take place in the summer of 2024.In addition to the classic cars, Lunaz has also restarted operations for its commercial vehicles business. The company aims to make its first customer deliveries in the first quarter of 2025. Founder David Lorenz emphasized the importance of up-cycling and electrification in transitioning to zero-emissions vehicles, calling it a sustainable and economically viable solution.The recent developments at Lunaz come after the company faced financial difficulties earlier in the year, leading to job losses and financial losses for creditors. Despite these challenges, Lunaz has shown resilience and is now focused on meeting the growing demand for electric vehicle services.As major markets move towards banning Internal Combustion Engine (ICE) vehicles, Lunaz is positioning itself for long-term sustainable growth. With founder David Beckham holding a stake in the company, Lunaz is committed to driving the transition towards a more sustainable future.Stay tuned for more updates on Lunaz and other useful information. Your support motivates us to continue providing valuable insights and updates. Thank you for following us. Source: Los Angeles Times.
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