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Carbon Revolution Secures US$5 million Release from OIC for Operations and Capacity Investments

Nov 05, 2024•over 1 year ago

Contract Type

partnership

MelbourneManufacturingAutomotive

Description

Carbon Revolution plc has announced the release of an incremental US$5 million from the OIC escrowed facility, bringing the total released amount to US$35 million. The proceeds will be used to fund operations and investments in capacity in the near term.

Company Information

Company

Carbon Revolution

Location

Melbourne, Victoria, Australia

About

Carbon Revolution plc is the parent of Carbon Revolution Limited, an Australian technology company, which has successfully innovated, commercialized and industrialized the advanced manufacture of carbon fiber wheels for the global automotive industry. The company has progressed from single prototypes to designing and manufacturing lightweight wheels for cars and SUVs in the high performance, premium and luxury segments, for the world’s most prestigious automotive brands. Carbon Revolution is creating a significant and sustainable advanced technology business that supplies its lightweight wheel technology to automotive manufacturers around the world.

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