Carbon Revolution has exited administration less than two months after its financial struggles caught up to it, giving the carbon-fibre wheel manufacturer a path forward.
In March, Carbon Revolution – which supplies carbon-fibre wheels to the likes of Ferrari, Lamborghini, Chevrolet and Ford – announced it would enter voluntary administration, citing a desire to get back on track amid financial uncertainty.
The depth of its financial difficulties were uncovered earlier this month, with the Australian Financial Review (AFR) citing a report by administrator McGrathNicol that uncovered $347 million in losses since July 2022.
According to the report, Carbon Revolution lost $97 million in the 2024-25 financial year and had lost…