Carbon revolution receives initial funding of $70 million from the oic structured equity facility

Geelon, australia, nov. 06, 2023 (globe newswire) -- carbon revolution plc (nasdaq: crev) (“carbon revolution” or the “company”) a tier 1 oem supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, today announced that it has received an initial investment of us$70 million from a structured equity facility of up to us$110 million from fund vehicles associated with orion infrastructure capital (“oic”), a leading infrastructure investment firm. of the initial investment of us$70 million, us$35 million is immediately available to the company and the remaining us$35 million was funded into an escrow account, subject to release upon satisfaction of certain milestones as described below.
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