Carbon Revolution plc Secures $5 Million Release from OIC and $0.4 Million Reserve Release from Existing Lenders
Carbon Revolution plc Secures $5 Million Release from OIC and $0.4 Million Reserve Release from Existing Lenders
03/11/25, 8:34 PM
Location
melbourneMoney
$27 million
Industry
automotive
manufacturing
Type
partnership
Carbon Revolution plc has announced the release of an incremental US$5 million funding from Orion Infrastructure Capital (OIC) and a further US$400,000 release of existing loan reserves from lenders under the US$60 million PIUS loan. As part of this funding tranche, the Company will issue penny warrants to OIC and Existing Noteholders, and may agree to partial payment in kind for certain interest payments. The additional funding and changes to interest terms are intended to support the ongoing liquidity of the business and fund the Company's new production programs.
Company Info
Location
melbourne, victoria, australia
Additional Info
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.