GEELONG, Australia, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has reached an agreement with Orion Infrastructure Capital ("OIC") for a further US$25 million financing, which will be released in five tranches, each equal to US$5 million, subject to satisfying certain release conditions. In connection with the release ...

GEELONG, Australia, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that OIC has released an incremental US$5 million of the escrowed US$35 million facility, of which, as a result of this most recent release, all US$35 million has now been released. In connection with the release the Company issued to OIC a warrant to purchase a ...

GEELONG, Australia, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that OIC has released an incremental US$5 million of the escrowed US$35 million facility, of which, as a result of this most recent release, $30 million has been released. In connection with the release the Company issued to OIC a warrant to purchase a number of ...

GEELONG, Australia, July 30, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that OIC has released an incremental US$5 million of the escrowed US$35 million facility early, of which, as a result of this most recent release, $25 million has been released. In connection with the release the Company issued to OIC a warrant to purchase a numb ...

After all, the Corvette isn't cheap. According to Kelley Blue Book, the base model Corvette carries an MSRP of just under $70,000. The current top-end model – the Z06 – commands an MSRP of $111,795. However, Car and Driver estimates that the upcoming ZR1 halo car (essentially the flagship that gets consumers excited about the underlying brand) will carry a price tag between $180,000 to $205,000. Per the press release, Carbon CEO Jake Dingle noted that the new ZR1 will be the third Corvette that features the ...

GEELONG, Australia, July 25, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology "It has been a great honor to work with General Motors (GM) again. This will be the third Corvette to feature our carbon fiber wheels," said Carbon Revolution CEO Jake Dingle. "Our team harnessed its extensive engineering and manufacturing experience to come up with a wheel befitting of the highest-performance ...

automotive carbon fiber wheels, today announced that it will supply the carbon fiber wheels available on the just-revealed Chevrolet Corvette ZR1. Dingle said the wheel's performance in testing highlighted the talent and experience of Carbon Revolution's Product & Manufacturing Engineering teams in meeting GM's weight, durability, strength and aesthetic standards. The front wheels are 20 inches tall and 10 inches wide while the rear wheels are 21 inches tall and 13 inches wide. The rear wheels are the world ...

GEELONG, Australia, July 11, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has satisfied certain reserve release conditions and received US$5 million of the escrowed US$35 million facility, of which, as a result of this most recent release, $20 million has been released. In connection with the release the Company issued to OIC a ...

GEELONG, Australia, July 11, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has satisfied certain reserve release conditions and received US$5 million of the escrowed US$35 million facility, of which, as a result of this most recent release, $20 million has been released. In connection with the release the Company issued to OIC a ...

"We are firm believers in Carbon Revolution's prospects and the transformative impact of their lightweighting technology," said Chris Leary, Investment Partner & Head of Infra Equity at OIC. "As the only company capable of producing carbon fiber wheels at scale, their innovative solutions offer unparalleled value to automotive OEMs as they modernize their product portfolios." Carbon Revolution plc (NASDAQ:CREV) is the parent of Carbon Revolution Pty Ltd, an early-stage growth company which has successfully ...