Carbon Revolution secures further funding of $5 million from OIC, reports cancellation of two EV wheel programs

Carbon Revolution plc, a manufacturer of advanced carbon fiber wheels for automotive OEMs, announced an agreement with Orion Infrastructure Capital for up to US$7 million of additional funding. Of this, US$5 million was released on October 31, 2025, via the issuance of additional senior secured notes with terms substantially similar to the company’s existing notes. The company also reported the cancellation of two electric vehicle wheel programs, citing broader market softness in EV demand. Carbon Revolution said the additional capital will support operations as it continues to execute its strategy in high‑performance wheel programs and navigate near‑term market changes.