Core Viewpoint - Carbon Revolution plc has secured an additional US$25 million financing agreement with Orion Infrastructure Capital to support its liquidity and production capacity as it meets demand from OEM customers [1][3][11] Group 1: Financing Details - The new financing will be released in five tranches of US$5 million each, contingent upon meeting specific conditions [1] - This financing is part of a larger US$110 million funding agreement with OIC, which includes US$70 million already drawn and allows for up to US$40 million in additional funding [2] - Existing Noteholders have agreed to release up to US$2 million of existing loan reserves in conjunction with the OIC funding tranches [2] Group 2: Business Operations and Strategy - The incremental funding is aimed at enhancing the company's liquidity and supporting ongoing investments in capacity and throughput [3][11] - Carbon Revolution is focused on launching new programs and increasing production efficiency, positioning itself as the only company capable of producing carbon fiber wheels at scale [4][11] - The company has transitioned from prototype development to manufacturing lightweight wheels for high-performance and luxury automotive segments [5]
Carbon Revolution Secures New $25 Million Financing Agreement with OIC and Existing Lenders