Carbon Revolution plc (Nasdaq: CREV), a leading innovator in lightweight automotive carbon fibre wheels, has secured an additional $25 million financing from Orion Infrastructure Capital (OIC). This strategic funding aims to bolster the company's liquidity, expand production capabilities, and meet rising demand from its original equipment manufacturer (OEM) customers.
Automotive parts specialist Carbon Revolution (NASDAQ: CREV ) – which focuses on manufacturing carbon fiber ( CF ) wheels for vehicle manufacturers – saw its shares pop dramatically higher on Friday. Last night, the company revealed that it will supply the CF wheels available on the upcoming (and just revealed) Chevrolet Corvette ZR1.
| Automobile Components Industry | Consumer Discretionary Sector | Donald Hampton Jr. CEO | NASDAQ (NMS) Exchange | IE000OD0CSK4 ISIN |
| IE Country | 449 Employees | - Last Dividend | - Last Split | - IPO Date |
Carbon Revolution Public Limited Company, headquartered in Dublin, Ireland, stands as a pioneering entity within the automotive sector on a global scale. Since its inception in 2007, the company has been at the forefront of delivering innovative solutions, specifically focusing on the manufacture and sale of carbon fibre wheels. This product not only caters to the original equipment vehicle manufacturers but also marks a significant advancement in the automotive industry’s move towards more lightweight and efficient components. Carbon Revolution's dedication to innovation is further demonstrated through its provision of engineering services and the sale of tools, underlining its comprehensive approach to supporting the automotive manufacturing ecosystem.
Carbon Revolution specializes in the manufacture and distribution of carbon fibre wheels, which are highly sought after by original equipment vehicle manufacturers across the globe. These wheels are renowned for their lightweight properties, high performance, and enhanced fuel efficiency, contributing significantly to the automotive industry's evolution towards more sustainable and energy-efficient solutions.
In addition to its flagship products, Carbon Revolution offers a suite of associated engineering services designed to support vehicle manufacturers in integrating carbon fibre wheels and other advanced components into their vehicles. This bespoke consultancy and engineering support ensure that clients not only receive a product but also the knowledge and expertise required to maximize the benefits of these innovative solutions.
Complementing its primary offerings, Carbon Revolution also engages in the sale of tools relevant to the automotive manufacturing process. This aspect of the business caters to the needs of vehicle manufacturers for high-quality, specialized tools that are essential for the production of vehicles, particularly those incorporating advanced materials like carbon fibre.