Lunaz Group stops classic car conversions amid restructuring
EV conversion specialist Lunaz Design has stopped all production just days after its commercial vehicle sister company went into administration.
The David Beckham-backed classic car electrification business is part of the wider Lunaz Group, which said it was ceasing all operations while it restructured.
Last week Lunaz Applied Technologies (LAT) was placed into administration, with 40 jobs under threat. At the time, Lunaz Group insisted that the classic car restomod arm of the business remained operational.
However, it has now confirmed that all operations across the business have stopped and it will appoint administrators to restructure the business with the intention to restart operations in future.
A spokesperson said: “The Lunaz Group is currently restructuring to adjust its business and operations in response to shifting market dynamics. These are caused by delays to the legislative requirement for fleets to transition to zero-emissions vehicles.
“All operating entities of the company have stopped operations with an intent to restart under a new structure to meet current and future demand for the company’s passenger and commercial vehicle products.
“An announcement on the long-term future of the business will be made in due course.”
Lunaz Design specialises in converting high-end classic cars to electric power. Among its previous projects are the first ever electric drop-top Range Rover, a Rolls-Royce Silver Cloud II and 1961 Bentley S2, all of which cost well into six figures and use Lunaz’s in-house electric systems.
LAT went into administration last week, apparently due to problems securing funding for its HGV electrification project. It planned to convert up to 1,100 industrial vehicles per year from diesel to electric power using its own proprietary hardware.
It had signed deals to supply converted bin lorries to a number of customers including waste management group Biffa and Buckinghamshire Council.
Biffa’s Anthony Holley said the firm remained committed to reducing its fleet emissions through a range of powertrains including electrified and alternative fuels.
