Carbon Revolution, a specialist in carbon-fiber wheels, has exited voluntary administration after being acquired by Orion Infrastructure Capital. The company had faced significant financial losses, totaling nearly $350 million, and was previously delisted from the Nasdaq. Moving forward, the manufacturer aims to leverage its lightweight technology to improve the efficiency and driving range of electric vehicles. While the company supplies high-end luxury brands, its long-term viability depends on successful commercialization in the EV sector.
