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{"id":10932,"date":"2022-07-27T14:39:53","date_gmt":"2022-07-27T14:39:53","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/07\/27\/nest-co-founder-matt-rogers-invests-in-ev-conversion-company-everrati\/"},"modified":"2022-07-27T14:39:54","modified_gmt":"2022-07-27T14:39:54","slug":"nest-co-founder-matt-rogers-invests-in-ev-conversion-company-everrati","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/07\/27\/nest-co-founder-matt-rogers-invests-in-ev-conversion-company-everrati\/","title":{"rendered":"Nest co-founder Matt Rogers invests in EV conversion company Everrati"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/7\/26\/23278852\/nest-cofounder-invests-restomod-everrati-interview-matt-rogers-lunny<\/a>
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When we last spoke with Everrati CEO Justin Lunny, his UK-based restomod company that converts iconic cars to electric vehicles was expanding into the US market<\/a>. Since then, the company set up headquarters in Calabasas, California, and in April, it partnered with Irvine-based manufacturer Aria Group<\/a> to work on state-side electric conversions of Porsches and other prestige vehicles. Now Aria Group is helping build the first Everrati Porsche in California, and the owner of that car is a major investor: former Nest CEO Matt Rogers.<\/p>\n

Rogers\u2019 car is a Porsche 911 (type 964) wide body, similar to his father\u2019s that he has fond memories of riding in as a kid. Since then, he promised himself that he\u2019d get one, too, but only if it were electric. The once Apple engineer left Nest in 2018<\/a> and has since been focused on technologies to help fight climate change<\/a>. Rogers heard about Everrati through a UK-based publication and contacted the company to inquire about its business and future \u2014 and, of course, about getting his Porsche converted.<\/p>\n

That\u2019s where Aria Group comes in: the low-volume manufacturer has worked on bespoke vehicles from Singer Vehicle Design, which makes custom Porsche 911s, and Radford Motors, which outfits luxury vehicles, and now it\u2019s working on the first US-built Porsche 911 (964) wide body Everrati Signature Edition<\/a> with the performance pack. It uses Everrati\u2019s 700-volt EV powertrain that can go 0-62 mph in under four seconds and can travel up to 200 miles on one charge. Lunny says that demand for their electrified icons is surging globally, and California, with its abundance of sustainability-conscious young professionals, has more interested customers than anywhere. In just the past month, Everrati picked up four more orders of the Porsche 964, Lunny tells us.<\/p>\n

This transcript is from an interview on June 23rd and has been lightly edited for clarity.<\/p>\n

So, \u201cRestomods.\u201d I guess it\u2019s a term because most shops are still modifying cars; therefore, it\u2019s a modification.<\/strong><\/p>\n

Matt<\/strong>: That\u2019s right.<\/p>\n

And they\u2019re restoring, so it\u2019s a restoration. Do you think that\u2019s not giving it enough justice?<\/strong><\/p>\n

Matt<\/strong>: Restoration implies, like, you\u2019re going backwards in time and bringing out the best of what it was. And this [Everrati] is like, you\u2019re bringing out the best of what it was and bringing it forward in the future. And I think that like the original Tesla Roadster, they didn\u2019t really call it a restomod. But in today\u2019s lingo, it totally would be.<\/p>\n

Justin, I was interested in hearing what\u2019s changed since we talked last? You\u2019re expanding into the US market, you picked up a partner from gettacar\u2026<\/strong><\/p>\n

Justin<\/strong>: Yeah, that\u2019s right. Amit [Chandarana] joined. He\u2019s very much looking at how we develop some of our commercial operations in North America. You\u2019ll also have seen that we are partnering very closely with Aria. Aria [is] building Matt\u2019s car as we speak, literally.<\/p>\n

Matt<\/strong>: I got some fun photos the other day, actually.<\/p>\n

Justin<\/strong>: It\u2019s kind of exciting. Because, you know, I understand why things like restomod are used by definition because that is the word. But I suppose, as Matt rightly says, you know, hopefully, the vehicles are going to be better than new, clearly, because they are.<\/p>\n

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Matt Rogers\u2019 Porsche 911 being painted at Everrati partner Aria Group. This image is from about two weeks ago, while the image Rogers had shown during this interview was only primed.<\/em><\/figcaption>Image: Everrati<\/cite><\/p>\n

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Oh wow, and Aria is building that right now?<\/strong><\/p>\n

Matt<\/strong>: They sent me [that] like a couple days ago.<\/p>\n

Justin<\/strong>: So where we are, I suppose as a business, we have a lot of interest now, from people who, I\u2019ll be honest, either have had Singers or are on a waiting list for Singer \u2026 two of them said they\u2019re going to cancel that because they don\u2019t believe it\u2019s going to be socially acceptable to take delivery of a million dollar combustion engine vehicle at that point.<\/p>\n

Matt<\/strong>: I mean, I wouldn\u2019t do it. If you\u2019re gonna invest the time to build something so special, why do a gasoline-powered engine? Just doesn\u2019t make any sense.<\/p>\n

Is this something that a lot of the high-end vehicle manufacturers are seeing? Their general customers are coming back to them saying: \u201cHey, we don\u2019t really want this kind of stuff anymore?\u201d<\/strong><\/p>\n

Justin<\/strong>: Really good question. I think certainly the way, let\u2019s be honest, there\u2019s so many new products out there right now, new EVs and, dare I say, our gateway drug is a [Porsche] Taycan. People that have a Taycan, they kind of think, \u201cWow, this is an amazing performance EV that drives like a proper car,\u201d … it\u2019s no wonder Porsche is doing so well with them.<\/p>\n

I remember that Everrati engineers and builds a plan for each model car. Is that still what you guys are doing? Is that how Aria Group is doing it right now \u2014 that they have a sort of blueprint of a vehicle, and they can repeat the process?<\/strong><\/p>\n

Justin<\/strong>: Completely. I think the big difference with what we do is that our engineers have experience building brand new EVs, right from the Lotus Evija powertrain; Mike, our head of engineering, designed the powertrain for that … We go about it a very different way. So there are converters out there, and good luck to them. So you look at somebody like EV West or a variety of others where, generally speaking, they\u2019re not necessarily doing a productionized thing. They\u2019re doing one-offs… they\u2019ve really started a really interesting industry. We\u2019re coming from the other side, which is to truly re-engineer what a vehicle is, and the process we call it is \u201credefined.\u201d It\u2019s got to drive, hopefully, as closely as it could to the original. And that\u2019s kind of our secret sauce, I suppose.<\/p>\n

I got to drive in a Ford F-100 Eluminator, which is a converted 1978 vehicle, and they used their crate motor. Do you think that there\u2019s a lot of room to grow in that side of the market, and are you a part of that?<\/strong><\/p>\n

Justin<\/strong>: We\u2019re kind of part of it, but we\u2019re different. So our ethos is very much around in the same way as you might treat a beautiful brownstone house in New York, you\u2019re not going to tear it apart, you\u2019re going to keep the bits that are classic and are important to the structure … What you\u2019re gonna do is treat it like the work of art it is and try and update it sympathetically \u2014 so that it still looks, feels, and drives like an original but is now not emitting any CO2. Let\u2019s be honest, the tailpipe emissions for them things are pretty horrible, you know, they\u2019re pre-catalytic converter, I dread \u2014 really horrible \u2014 you know, stuff that you do not want around you, let alone your kids, right? It\u2019s just not nice.<\/p>\n

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