Carbon Revolution secures $35 million for operations and seeks up to $40 million more from OIC.

Carbon Revolution, a leader in manufacturing carbon fiber wheels, has received the complete $35 million from OIC's escrow facility. These funds will support operations and capacity investments. The company is also in talks with OIC for up to $40 million in additional funding, contingent on meeting performance milestones and securing agreements with noteholders. Founded in 2007, Carbon Revolution aims to advance sustainable automotive technology.

November 06, 2024
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