By Peter Roberts Australian-born, US based automotive wheel manufacturer Carbon Revolution has announced preliminary sales for the fiscal second-quarter ending December 2023 of a record US$14.8 million, exceeding previously announced guidance for the quarter of US$14.0M-US$14.5M. For the year ended December 31, 2023, revenue increased 42 percent to US$40.3 million. CEO of Carbon Revolution Jake…
By Peter Roberts Carbon fibre road wheel manufacturer Carbon Revolution‘s birthplace of Geelong, Victoria, or perhaps Mexico will manufacture a new wheel to be produced in a deal announced by the newly minted American-listed Carbon Revolution PLC. The company said it has been awarded a wheel development programme by a premium brand of a major…
By Peter Roberts As if it is not enough of a slap in the face for Australian technology companies the fact that carbon fibre wheel maker Carbon Revolution was bought by American investors for a song, the next step according to media reports is to manufacture in Mexico. According to Automotive News, the company born…
By Peter Roberts Shares in carbon fibre road wheel manufacturer Carbon Revolution disappeared from the ASX this week as the company’s shares began trading on the US NASDAQ exchange as Carbon Revolution Inc. The US listing was the culmination of a drawn out fight for survival which will see the company continue to manufacture at…
By Peter Roberts Carbon fibre road wheel manufacturer Carbon Revolution has attracted a swag of leading automotive figures to join its executive team as the company moves towards a US stock exchange listing for its shares. The Geelong, Victoria company announced four US based senior automotive executives including: Bob Lutz, former General Motors Vice Chairman…
Composite road wheel manufacturer Carbon Revolution has begun producing its carbon fibre composite road wheels on its automated Mega-line at the same time as it revealed a doubled order backlog and the award of four new wheel programmes by automotive OEMs. The Geelong, Victoria company reported it had commissioned Phase 1 of the Mega-line large-scale…
Carbon fibre road wheel manufacturer Carbon Revolution has released new forecasts for future sales and confirmed a path to a maiden profit in a turnaround for the company as it heads towards a US listing. The Geelong Victoria company suffered badly during Covid with its car maker customers pausing new wheel developments and even closing…
One-piece carbon fibre road wheel manufacturer Carbon Revolution has secured a new US$60 million debt funding programme to continue its development of a mega-line wheel production line and progress its plans to merge with a US entity, special purpose acquisition company Twin Ridge Capital Acquisition Corp (TRCA), being recapitalised and listed in the US in…
One-piece carbon fibre road wheel manufacturer Carbon Revolution is progressing its plans to merge with a US entity, special purpose acquisition company Twin Ridge Capital Acquisition Corp (TRCA), being recapitalised and listed in the US in the process. Carbon Revolution has said that the combined entity of the company and TRCA would be acquired by…
Carbon fibre road wheel manufacturer Carbon Revolution is to merge with a US entity, being recapitalised and listed in the US in the process and, potentially, ending up majority US owned. The Geelong company, whose shares have been lagging on the ASX, is to merge with special purpose acquisition company Twin Ridge Capital Acquisition Corp.…
