{"id":1985,"date":"2023-05-18T10:19:30","date_gmt":"2023-05-18T00:19:30","guid":{"rendered":"https:\/\/www.carbonrev.com\/?p=1985"},"modified":"2023-07-03T15:27:22","modified_gmt":"2023-07-03T05:27:22","slug":"ev-carbon-fiber-wheel-revolution-and-us-merger-qa","status":"publish","type":"post","link":"https:\/\/www.carbonrev.com\/news\/ev-carbon-fiber-wheel-revolution-and-us-merger-qa\/","title":{"rendered":"The EV Revolution and Going Public in the US: IPO Edge Q&A with CEO Jake Dingle"},"content":{"rendered":"

IPO Edge<\/a>\u00a0sat down last month with Carbon Revolution CEO Jake Dingle during a panel on the EV Revolution to find out more. See the replay\u00a0here<\/a>.<\/p>\n

Carbon Revolution announced<\/a>\u00a0in November 2022 that it plans to list in North America through a merger with Twin Ridge Acquisition Corp. (NYSE: TRCA).<\/p>\n

Carbon Revolution is a global technology company and Tier 1 OEM supplier that has successfully innovated, commercialized and industrialized high-performance, technically advanced lightweight carbon fiber wheels for the global automotive industry.<\/p>\n

Read more on IPO Edge<\/a>.<\/p>\n

How is Carbon Revolution\u2019s technology applicable to the global shift to EVs?<\/strong><\/p>\n

Carbon Revolution is a tier one supplier to the global automotive industry. We\u2019ve brought to market a single piece carbon fiber wheel<\/a> which saves up to 50% of the weight of conventional aluminum wheels without compromising durability. We already have supply contracts in the market with Ford, Ferrari and General Motors, and there are others that are coming.<\/p>\n

We\u2019ve already put almost 70,000 wheels on the road. Wheels are part of the rotating unsprung mass of a vehicle that\u2019s considered to be the most important place to reduce weight, because of the impact it has on the efficiency and the performance of a vehicle. So, saving up to 50% of the weight of wheels is really significant.<\/p>\n

The first adoption of this technology has really been in the performance sector, where you\u2019ve seen it on vehicles like the Corvette Z06<\/a> to improve performance. But as an efficiency technology, it has a real home in the EV space.<\/p>\n

And that\u2019s where we are now starting to see the most interest. A high proportion of our upcoming programs are now for EVs and for larger vehicles, because of the range extension it can deliver and other benefits<\/a> for EVs.<\/p>\n

We have a large backlog of projected sales from awarded OEM programs. It recently moved from about USD$330 million to over $460 million, and that will continue to climb. So that really indicates the demand for what we\u2019re producing and underpins the scale-up that we have underway.<\/p>\n

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