Everrati Builds the Electric Porsche 911 of Your Dreams
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Everrati Builds the Electric Porsche 911 of Your Dreams

By Jim Motavalli
Mon, Apr 15, 2024 9:21amGrey Clock 3 min

As any Porsche lover knows, the automaker produces an electric sports car, the Taycan, which in GT Weissach form (US$231,995) develops 1,019 peak horsepower and takes just 2.1 seconds to reach 60 miles per hour. But what Porsche doesn’t do is produce an electric version of its absolutely iconic 911.

At the moment, that’s a job for the British company Everrati, which installs electric power into examples of the 911 built between 1988 and 1994 (code named 964). Everatti also transforms Land and Range Rovers, as well as classic Mercedes-Benz SLs, and an interpretation of the Ford GT40. The 911s have carbon-fibre body panels for lightness and are built in California through a partnership with Aria. That company creates concept and pre-production vehicles for global automakers.

Everrati’s latest creation is the Porsche 911 Signature Wide Body. With the hard-to-miss ducktail, it resembles a 1980s Porsche Turbo—but handles better. For a price that starts at £290,000 (US$360,467) customers get a car with 500 horsepower and 368.78 pound-feet of torque. The car has a 62-kilowatt-hour battery pack from LG Chem, yielding in this lightweight configuration approximately 200 miles of range. A single motor is connected to a limited-slip differential.

Also available is a Legacy model with 247 horsepower and 228.64 pound-feet. These cars look like earlier 911s (without the wide body and ducktail, for instance) and are built in a time-consuming restoration process. Given the work required, the price is the same as the Signature.

The Everrati Porsche 911 Signature Wide Body offers 500 horsepower and 368.78 pound-feet of torque from an electric drivetrain.
Everrati

Features on the Signature include electronically adjustable suspension, regenerative braking, a “Porsche inspired” five-gauge cluster, and DC fast-charging capability. Everrati is also offering a Signature Gulf Edition of the 911, painted in the iconic blue-and-orange livery of the Gulf racing team (as seen at Le Mans and other venues).

The first Everrati 911 to go to a U.S. customer this month is a Mexico Blue Signature model delivered to California resident Matt Rogers, who co-founded the smart thermostat company that eventually became Google Nest. Rogers said in a statement that his car “captures the zeitgeist perfectly, being sustainable and environmentally conscious while also keeping the character of [Porsche’s] air-cooled era.”

Justin Lunny, Everatti co-founder and CEO, tells Penta that the company “doesn’t ‘convert’ cars to electric; instead, we redefine them as electric vehicles, worrying about such factors as driving feel and weight distribution. We hire very-experienced EV engineers and use the highest level of electric components, such as batteries and motors you would see in EVs from OEM manufacturers such as Rimac or Lotus.”

The gauges look like Porsche items, but are altered to monitor battery performance
Everrati

Lunny says that Everrati puts motor and batteries in the back, where Porsche located the engine and transmission on its 911s, with more batteries and power electronics up front, where the original gas tank resided.

U.K. customer cars will still make the trek to California. Lunny explains that right-hand-drive 911s are sourced in Britain and shipped to the U.S., where they’re stripped to the chassis and slowly built up with the new carbon-fibre panels. They then go back to the U.K. for finishing.

“EV is not the only answer, but we do believe it will become the predominate powertrain,” Lunny says.

The company concentrates on a few models, but it’s willing to entertain bespoke one-off commissions, such as an electric Lamborghini for a customer in the Middle East. Such projects require a huge engineering commitment, and the resulting vehicle isn’t by any means inexpensive, costing US$500,000 or more. But it will be fully developed as an EV.

Porsche, too, is mostly going electric, with plans to have EVs make up more than 80% of new car sales by 2030. In 2021, more than 40% of the cars delivered in Europe were at least partly electric, either plug-in hybrids or full EVs. The 911 has no plans for full electrification, though a hybrid version appears likely. Lunny himself drives a battery-powered Porsche Taycan.



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Artificial intelligence is making it easier than ever to build a business without building a team. As AI takes over coding, customer support, marketing, administration, and other day-to-day tasks, a growing number of solo founders are scaling startups to millions in revenue with few—or even no—employees. While the trend is lowering barriers to entrepreneurship, it is also reshaping hiring, raising questions about the future of work and how businesses will grow in the AI era.

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Ben Broca launched a company last December that offers AI tools to entrepreneurs. He’s already added 10,000 paying customers and is on track to bring in $10 million in revenue this year.

One thing he hasn’t added: any other employees.

The 40-year-old is part of a class of entrepreneurs who are launching, and then often running, new companies on their own. Artificial intelligence tools answer Broca’s emails, help write and debug code, field requests from customers, sign up new subscribers and grant refunds when issues arise.

Broca relishes his ability to make whatever decisions he wants on his own, often from his sun-drenched Sausalito, Calif., living room. “I think compromises make lukewarm results,” he said.

Once upon a time, running a business of a certain size required a team. AI is turning that assumption upside down, and more aspiring entrepreneurs are going it alone.

Ben Broca sitting in his home office.
Tech has seen an explosion of solo founders in the past year. Broca said he likes being able to work at his own speed, unencumbered by a team. Jonah Reenders for WSJ

An analysis by the payments company Stripe shows there are thousands of solo operators on the company’s platform that are generating over $1 million in revenue, with their ranks doubling between 2023 and 2025. The number of solo operators crossing the $10 million threshold nearly tripled in that same span.

In the past, people without business contacts or particular savvy might not have known how to get their ideas off the ground, said Ernie Tedeschi, Stripe’s chief economist. “Now, AI can be a built-in business partner,” he said.

AI’s ability to handle various administrative tasks makes it potentially useful for launching solo businesses in many fields. But the technology’s ability to also handle key tasks in tech, like coding, make that field a particular hot spot.

Analyzing Census Bureau data, Bank of America Institute economist Taylor Bowley found that among all industries, new business applications in the information sector have seen the biggest percentage increase—nearly 45%—over the past year. At the same time, the rate of information-sector applicants saying they plan to hire workers has experienced the sharpest decline of any measured industry.

This Census dataset doesn’t track solo-operated businesses. But the numbers broadly show—in tech and beyond—that applications are flat among businesses likely to hire workers, but generally rising elsewhere. Economists say that’s a strong sign that solo operators are on the upswing.

“The bar for getting started has never been lower,” said Julian Weisser, who runs a San Francisco-based accelerator for solo founders working in tech. The accelerator—which offers founders seed money and mentorship in exchange for an equity stake—attracted 4,500 applicants for 10 slots made available in its most recent cycle, nearly five times the number it drew when it launched last May.

Going it alone with AI can still be surprisingly expensive. Broca said he was losing money on many customers’ accounts while paying to access Anthropic’s Claude to run his clients’ requests—that AI company, as well as others, charges based on usage. He has since switched to free open-source AI models from China.

Broca said he has raised $30 million from investors and, at the same time, has saved millions in salary since he hasn’t needed a team of software engineers.

Another risk: If it’s easy for one entrepreneur to launch an AI-assisted business, copying them can be easy, too. This creates anxiety for founders like Troy Johnston, who runs an AI-assisted business alone in Orlando, Fla.

“Everybody has the sword and we all have the ability to unsheathe Excalibur now,” said Johnston, 40, who used AI to code an app that helps people get the most out of credit card benefits. The company makes around $3,000 a month in profit, with no employees, and is continuing to grow.

Headshot of Troy Johnston.
Troy Johnston said AI’s power and ease of use is an incredible boon for entrepreneurs like him—and also a double-edged sword. Luann Koerper

What one-person businesses will mean for the labor market remains to be seen. Polling has shown Americans are worried that AI will replace jobs, and top economists are wrestling with that possibility, too. But AI is also creating lots of new jobs, and the go-it-alone entrepreneurs show how the technology can both open doors and limit employment opportunities.

“If everyone’s hiring less, but you get four times more firms, what does that do to head count?” said Rembrand Koning, an associate professor at Harvard Business School who studies entrepreneurship. He co-authored a recent study that found that among 50,000 startups the researchers examined, those focused on AI tended to operate with 25% fewer employees.

Koning also believes a soft hiring environment that’s left some people mired in long job searches has encouraged more to try their hand at launching businesses.

Some founders cite different motives. “It’s a perfect storm of post-pandemic burnout and a re-evaluation of one’s priorities, and also booming AI and a sense of what’s possible,” said Samir Ahmad, 39, who lives in Breinigsville, Pa.

Two years ago, Ahmad decided to leave the corporate job he had worked at Verizon for almost two decades to start a solo coaching and consulting business. He had been seeing social-media posts touting the ease and virtues of AI, which he used to chart a business plan and help with marketing. “It was like my chief of staff, a second in command,” he said.

The business ultimately petered out within months, though, and Ahmad is now back to a full-time corporate role with a utility company.

For Claire Vo, 41, AI helped her turn a passing impulse into a business. She was working full-time as a tech executive when she tapped AI in late 2023 to help code an app that would help her manage documentation and design for new products, with customers ranging from financial services to healthcare firms.

“I was copying and pasting from ChatGPT,” said Vo, who lives in San Francisco.

Claire Vo smiling into the camera while recording a podcast.
Claire Vo used AI to code an app that’s on track to make seven figures in profit this year. Claire Vo

She put the app online for $1 a month, and within weeks people downloaded it thousands of times. Nearly three years later, Vo’s company—which she ran solo for nine months before hiring an engineer—now has 100,000 users and is on track to make seven figures in profit this year. AI handles the company’s marketing, sales and customer support.

While AI is a shortcut, Vo said her network and credibility in the industry were key. “I think people over-index on how easy AI is and under-index on how much I did to get to this point,” she said.

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