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Lynx Motors is raising a $3 million seed round to turn coveted 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 launched its seed raise in April, drawing commitments from family offices and high-net-worth individuals.

The company is planning a subsequent $10 million Series A, with an eye toward an IPO in 2026.

Lynx Motors assembles its cars in Detroit, but its showroom is at the Circuit of the Americas racetrack in Austin, Texas.

How it works: 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.

The forthcoming Ford GT1e, capped at 27 models, will have a $2.5 million sticker.

"The pricing here is very insensitive," CEO Rod Keller says. "The only thing I've ever heard is, 'If I give you another $50,000 or $100,000, can I get it quicker?'"

The team got its start upgrading classic Land Rover Defenders, including conversions into electric models, under the brand name LRG.

Flashback: Keller previously led two blockbuster exits in electric mobility: Segway's acquisition by Ninebot in 2015 and low-speed vehicle maker Ayro's reverse merger in 2020.

Exclusive: Lynx Motors raising seed for classic car EV retrofits

The company is retrofitting Ford GTs, DeLoreans and Land Rovers.

A photo of a white, red and black Ford GT, converted to an electric, parked on a city street.

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

Electric vehicles

Lynx Motors is raising a $3 million seed round to turn coveted 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.

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Exclusive: Lynx Motors raising seed for classic car EV retrofits

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