Carbon Revolution wheels are turning
High tech manufacturer Carbon Revolution raised almost $75 million in additional capital during the year, receiving strong support from key Australian institutional investors. Carbon Revolution produces the world’s only mass produced one-piece carbon fibre car wheel. The unique carbon fibre wheels are typically 40 to 50 per cent lighter than comparable aluminium wheels, reducing vehicle weight and therefore fuel consumption and carbon emissions. The wheels are produced at Carbon Revolution’s state-of-the-art purpose-built factory at the Deakin University campus in Geelong. The CEFC invested $10 million in equity in Carbon Revolution in 2016, and was pleased to extend this by a further $2 million in 2018–19.