Carbon Revolution
Carbon Revolution is an Australian advanced-manufacturing company that designs and builds single-piece carbon fibre wheels, sold as original equipment directly to automotive OEMs primarily for electric-vehicle and premium/performance vehicle programs.
- Company typePublic
- Founded2007
- HeadquartersWaurn Ponds, Australia
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Carbon Revolution does
Carbon Revolution is an Australian advanced-manufacturing company founded in 2007 that designs, manufactures, and sells single-piece carbon fibre composite wheels for the automotive industry. Its core and effectively sole product line is lightweight carbon fibre wheels supplied as original equipment to automotive OEMs, with a primary focus on electric-vehicle and premium/performance vehicle programs where reduced unsprung mass and weight savings improve range, efficiency, and vehicle dynamics. Manufacturing is concentrated at facilities in Geelong/Waurn Ponds, Victoria, including a newly commissioned automated "Mega-line" facility intended to scale volume production.
The business model is hardware sales through a direct B2B enterprise field-sales motion: wheels are sold as original equipment into discrete OEM vehicle programs, with revenue recognized as one-time product sales per program rather than recurring or aftermarket distribution. Pricing is not publicly disclosed and is negotiated per program. The company positions itself as a vertically integrated, single-source supplier and claims to be the first to achieve volume production of carbon fibre automotive wheels.
Following a November 2023 SPAC business combination with Twin Ridge Capital Acquisition Corp., the company listed on Nasdaq as Carbon Revolution plc (ticker CREV), domiciled in Wilmington, Delaware, with operations conducted through Australian subsidiary Carbon Revolution Pty Ltd. Despite reaching record FY2024 revenue of US$47.3 million (up 87% year-over-year), it incurred a US$146.4 million net loss, relied almost entirely on financing from Orion Infrastructure Capital (OIC), cancelled two EV wheel programs amid declining demand, was delisted from Nasdaq in February 2026, and placed its Australian subsidiaries into voluntary administration in March 2026.
Carbon Revolution firmographics
Firmographics- Name
- Carbon Revolution
- Legal name
- Carbon Revolution plc
- Website
- https://carbonrev.com
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Carbon Revolution is an Australian advanced-manufacturing company that designs and builds single-piece carbon fibre wheels, sold as original equipment directly to automotive OEMs primarily for electric-vehicle and premium/performance vehicle programs.
- Ownership category
- akta.pro rank
Carbon Revolution industry classification
Industry- Product category
- Automotive Wheels / Composite Wheel Manufacturing
- NAICS
- Motor Vehicle Parts Manufacturing (3363), Motor Vehicle Steering and Suspension Components (except Spring) Manufacturing (33633)
- akta.pro primary industry
- Wheels, Tires, Brakes & Suspension Components Manufacturing (IMACAOAH)
Keywords
Where Carbon Revolution is headquartered
LocationHeadquarters
- HQ city
- Waurn Ponds
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Carbon Revolution business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Carbon Fiber Wheel Sales: Sale of lightweight carbon fiber composite wheels to automotive OEMs, primarily for electric vehicle applications. Revenue is generated through one-time product sales per customer program.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Carbon Revolution product offering
Product offeringCore offering
Carbon Revolution designs, engineers, and manufactures lightweight, single-piece carbon fibre composite wheels for the global automotive industry. Its products are sold to passenger vehicle, performance, and electric vehicle OEMs as factory-installed or option-package components. Manufacturing is anchored in a purpose-built, automated Mega-line facility in Geelong, Australia, with reported nameplate capacity of ~10,000 wheels and a roadmap toward higher-volume industrial production.
Product overview
Carbon Revolution is a manufacturer of lightweight carbon fiber wheels for the automotive industry, with a primary focus on electric vehicles. The company's core product is their carbon fiber wheel technology, which provides weight reduction and enhanced performance compared to traditional aluminum wheels. They operate manufacturing facilities including a Mega-line for capacity expansion to serve OEM automotive programs.
Differentiator
Problem solved
Functional benefit
Products and services
- Single-piece carbon fibre composite wheels Lightweight, single-piece carbon fibre wheels supplied to global automotive OEMs for factory fitment on passenger vehicles, performance vehicles, and electric vehicles. Manufactured at the company's Mega-line facility in Geelong, Australia, using proprietary composite processes, and validated for OEM homologation requirements.
- Carbon fibre wheel program engineering and validation services Engineering, design, simulation, and homologation services delivered alongside wheel supply for OEM vehicle programs. Includes program-specific tooling, validation testing, and integration support required for OEM wheel fitment approvals.
Quantifiable outcome
- Record revenue of US$47.3 million in fiscal 2024, 87% year-over-year increase
Companies that use Carbon Revolution
Customer profileSegments2 records
Ideal customer profiles1 record
Carbon Revolution technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Carbon Revolution partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Twin Ridge Capital Acquisition Corp.coreSPAC merger partner for Carbon Revolution's planned U.S. listing. The business combination was expected to close in August 2023 and enabled the company to list on Nasdaq. Share consolidation occurred as part of this transaction.
Scale indicators11 records
Recent moves9 records
Expansion highlights4 records
Carbon Revolution competitors and assessment
Company assessmentBroad incumbents
- Ronal Group: European-based wheel manufacturer producing alloy wheels for passenger cars and commercial vehicles. Comparable in OEM wheel program focus and European industrial footprint, though focused on aluminum rather than carbon fiber.
- MAXION Wheels: World's largest wheel manufacturer supplying forged and cast wheels to global automotive OEMs. Comparable as a major OEM wheel supplier, though focused on aluminum and steel rather than carbon fiber.
- Enkei Corporation: Japanese manufacturer of aluminum wheels serving passenger car and motorcycle OEMs globally. Comparable as a high-volume wheel supplier with deep OEM relationships, particularly in Asia.
- Superior Industries International: Major North American and European OEM wheel supplier producing aluminum and steel wheels for passenger cars, light trucks, and SUVs. Comparable as an automotive wheel incumbent serving global OEM platforms.
Regional players
- Endurance Technologies: Indian automotive component manufacturer producing suspension, transmission, braking and other parts for two-wheelers and passenger vehicles. Comparable as a large-scale automotive parts supplier in a complementary geography.
Emerging players
- Plasan Carbon Composites: Composites manufacturer with capabilities in carbon fiber body panels and structural components for automotive and aerospace. Adjacent technology overlap with Carbon Revolution's carbon fiber manufacturing expertise.
- Forgeline Motorsports: U.S. manufacturer of custom forged and carbon fiber wheels for motorsport and high-end automotive applications. Comparable in carbon fiber wheel innovation and niche performance customer base.
Direct peers
- Vossen Wheels: U.S.-based aftermarket wheel company specializing in luxury and performance forged wheels. Comparable in performance-vehicle target market and lightweighting positioning, though primarily aftermarket rather than OEM.
- BBS GmbH: German manufacturer of forged aluminum and carbon fiber wheels serving premium and performance automotive OEMs and the aftermarket. Directly comparable in carbon fiber wheel innovation and OEM program focus, with strong European presence.
- HRE Performance Wheels: U.S.-based manufacturer of forged and carbon fiber wheels for performance automotive and motorsport applications. The closest peer in carbon fiber wheel technology and target customers, with direct overlap on premium and EV-adjacent OEM programmes.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Carbon Revolution social profiles
Digital presenceCarbon Revolution financial estimates
Financial estimateRevenue estimate
Valuation estimate
Carbon Revolution leadership team
Management profileNumber of profiles
Profiles3 records
Carbon Revolution subsidiaries and ownership
Company hierarchySubsidiaries1 record
Carbon Revolution funding detail
Funding detailFunding overview
Funding rounds7 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Carbon Revolution M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Carbon Revolution
What does Carbon Revolution do?
Carbon Revolution designs, engineers, and manufactures lightweight, single-piece carbon fibre composite wheels for the global automotive industry. Its products are sold to passenger vehicle, performance, and electric vehicle OEMs as factory-installed or option-package components. Manufacturing is anchored in a purpose-built, automated Mega-line facility in Geelong, Australia, with reported nameplate capacity of ~10,000 wheels and a roadmap toward higher-volume industrial production.
Is Carbon Revolution a public or private company?
Carbon Revolution is a public company. It is classified as public and is currently operating.
When was Carbon Revolution founded?
Carbon Revolution was founded in 2007. It employs 501 to 1,000 people.
Where is Carbon Revolution based?
Carbon Revolution is headquartered in Waurn Ponds, Australia, in the Oceania region.
How does Carbon Revolution make money?
One revenue line is on record: carbon Fiber Wheel Sales.
Who are Carbon Revolution's main competitors?
Broad incumbents on record are Ronal Group, MAXION Wheels, Enkei Corporation and Superior Industries International. Endurance Technologies is listed as a regional player. Emerging players are Plasan Carbon Composites and Forgeline Motorsports. Direct peers are Vossen Wheels, BBS GmbH and HRE Performance Wheels.
Does Carbon Revolution have an API?
No public API is recorded for Carbon Revolution.
What industry is Carbon Revolution in?
Carbon Revolution's product category is Automotive Wheels / Composite Wheel Manufacturing. Its primary akta.pro industry code is IMACAOAH, Wheels, Tires, Brakes & Suspension Components Manufacturing. Its NAICS code is 3363.