Lunaz Applied Technologies goes into administration
The three-year-old firm, which was founded in 2021 as an offshoot of classic car electrification specialist Lunaz, has folded after failing to obtain the necessary funding to begin production of its electric bin lorry, dubbed the Lunaz Upcycled Electric Vehicle.
Lunaz intends to hold onto the intellectual property, however, and restart the programme and launch production when there is more demand on the market.
“The Lunaz Group is currently restructuring its business to rescope timelines for the start of production for commercial vehicle products. This means the business entity Lunaz Applied Technologies has stopped operations,” a spokesperson said to Autocar, adding: “This decision rebalances business focus to passenger cars, which remain in production, with order books open for [Lunaz’s] five engineered EV platforms. This restructure will ensure demand for passenger vehicles can be met while ensuring commercial vehicles can be produced once market conditions drive demand.”
Lunaz has been working steadily on the fringes of the e-mobility scene, for example announcing a deal to help electrify a refuse truck fleet with Biffa last year, and set up a new headquarters back in 2022. It also electrified the Bentley S2 Continental early last year.
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