The Geelong-based global leader in carbon fibre wheel manufacturing, Carbon Revolution is dramatically ramping up its operations to boost production.
WATCH: Carbon Revolution - reinventing the wheel
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 percent lighter than comparable aluminium wheels, reducing vehicle weight and therefore fuel consumption and carbon emissions.
The wheels are helping reduce carbon emissions through the ongoing fuel savings achieved in vehicles fitted with the wheels.
The wheels are produced at Carbon Revolution’s state-of-the-art purpose-built factory located in the Advanced Manufacturing Precinct at the Deakin University campus in Geelong. Automation and industrialisation specialists have helped Carbon Revolution developed cutting-edge manufacturing equipment to enable it to deliver major improvements in production. By December 2019 the team had grown to over 340 staff, up from 130 a year earlier. Output has almost tripled since the beginning of 2019 and Carbon Revolution is targeting an annualised production rate of 32,000 wheels by June 2020.
Carbon Revolution was established in 2007 and listed on the Australian Stock Exchange in December 2019. It currently produces carbon fibre wheels for the Ford Mustang and Ford GT and has agreements with a number of other major global car makers for new cars which will enter production in the coming years. The Ferrari SF90 Stradale features Carbon Revolution’s wheel technology.
The CEFC, through the Clean Energy Innovation Fund has committed a total of $12 million in equity as part of two separate capital raisings by support Carbon Revolution’s growth.
Read more about the Clean Energy Innovation Fund