Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Carbon Revolution goes public via SPAC merger, trading under 'CREV' on Nasdaq

EditorHari G
Published 11/03/2023, 08:42 AM
Updated 11/03/2023, 08:42 AM
© Reuters.

Carbon Revolution plc, the parent company of Carbon Revolution Limited and a renowned manufacturer of lightweight carbon fiber wheels, has started trading on the Nasdaq under the ticker "CREV". This follows its merger with special purpose acquisition company (SPAC) Twin Ridge Capital Acquisition Corp. The company's board now boasts industry veterans such as Bob Lutz, formerly of General Motors, Jacqueline A. Dedo, ex-Ford VP and co-founder of Aware Mobility LLC, and Matti Masanovich, CFO at Catalent (NYSE:CTLT).

Under the stewardship of CEO Jake Dingle, Carbon Revolution has accomplished considerable success in globalizing their carbon fiber wheel technology. The company has secured 18 vehicle programs from six leading original equipment manufacturers (OEMs). These include prominent names such as Ferrari (NYSE:RACE) N.V., Jaguar Land Rover, Renault (EPA:RENA), General Motors Co (NYSE:GM)., and Ford (NYSE:F).

The move to go public is seen as an important step in Carbon Revolution's growth trajectory. The inclusion of industry heavyweights on its board demonstrates the company's commitment to leveraging experience and expertise from across the automotive sector. This is expected to further strengthen the company's position in the market and enable it to continue its expansion into new territories and segments.

With its innovative carbon fiber wheel technology, Carbon Revolution has carved a niche for itself in the automotive industry. Its partnerships with major OEMs underscore the demand for lightweight and durable solutions in the automotive sector. As Carbon Revolution begins its journey as a publicly-traded company, it is poised to continue making strides in this specialized field.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.