How Everrati Rebuilds Classic Cars As High-End Electric Vehicles
U.K.-based Everrati is turning classic internal combustion cars into electric vehicles.
Founder and CEO Justin Lunny has a background in tech, including software. But he also has an interest in autos.
'I've been passionate about anything with four wheels,' Lunny said in an interview.
He said he got the idea for Everrati in 2018, when Prince Harry and Meghan Markle drove an especially built electric Jaguar following their royal wedding.
'We are a business that takes iconic vehicles and remanufactures them,' Lunny said. 'We're selling the dream.'
Depending on model, an Everrati can cost anywhere from about $250,000 to more than $500,000.
Everrati offers electric versions of the Land Rover Series IAA, Porsche 911 (964),Mercedes-Benz W11 SL 'Pagoda,' and the GT40, a supercar Ford Motor Co. originally developed to beat Ferrari at the 24 Hours of LeMans in the 1960s.
The company begins with a 'donor car,' an original version. Most Everrati customers don't own an original. So, Everrati will acquire one for an additional fee.
The donor car 'is stripped back to the chassis,' Lunny said. The donor car also is treated to ensure there's no rust. The donor car 'is rebuilt back up.'
Lunny said Everrati engages in thousands of hours of engineering. 'We're really re-engineering that vehicle.' Brakes and suspension systems are upgraded. New audio systems are installed. The cars are equipped with Everrati's proprietary software. Each Everrati takes about a year to build.
'To the outside eye, it looks like a beautifully restored vehicle,' the CEO said.
Everrati was founded in 2019, with the first deliveries a few years later. The company doesn't disclose precise sales statistics but Lunny said it has sold between 20 and 30 EVs to date. 'We almost tripled our sales this year from last.'
The company has multiple manufacturing centers, including one in the U.S., which handles output of the Porsche cars. 'Things like tariffs are less problematic,' The CEO said. The administration of U.S. President Donald Trump has levied tariffs on an array of products, including vehicles and automotive parts. Tariffs are paid by importers.
Everrati's board advisors include Andy Palmer, a former CEO of Aston Martin.
The company's models have an obviously high price point. Still, Lunny said there is a market. Everrati is working on additional vehicle programs.
'We're busier than we've ever been,' the CEO said. 'It is a lifestyle proposition.'
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