May 29, 2024 - Technology

EV supercar conversions

Lynx plans to build just 27 models of its electric Ford GT1e.

Lynx plans to build just 27 models of its electric Ford GT1e. Photo: Courtesy of Lynx Motors

Lynx Motors is raising a $3 million seed round to turn DeLoreans and Ford GTs into electric supercars (but alas, no flux capacitors).

Why it matters: The ultra-wealthy want in on electrics, especially models no one else can have.

Zoom in: Lynx Motors converts 1980s DeLoreans and 2000s Ford GTs into high-end EVs.

  • The startup makes no more than 100 of any model. Each costs about $150,000 to make, and sells for an average of $350,000.
  • Its forthcoming Ford GT1e, capped at 27 models, will run $2.5 million.

What they're saying: "The pricing here is very insensitive," CEO Rod Keller tells Axios.

  • "The only thing I've ever heard is, 'If I give you another $50,000 or $100,000, can I get it quicker?'"

What's next: Lynx is planning a follow-up $10 million funding round down the road, with an eye toward an IPO in 2026.

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