Carbon Revolution to go public via a SPAC merger with Twin Ridge Capital Acquisition in a $270m deal.

Carbon Revolution, a Tier 1 OEM supplier and global manufacturer of lightweight advanced technology carbon fiber wheels, agreed to go public via a SPAC merger with Twin Ridge Capital Acquisition in a $270m deal. “Carbon Revolution is a sector leader in the production of revolutionary carbon fiber wheels, the next-generation of wheel technology, and has an opportunity to play an important role as the global automotive industry accelerates the shift to electric vehicles. We believe that following this transaction, Carbon Revolution will be well-positioned for rapid growth and adoption as it further enhances its automotive solutions, capitalizes on market opportunities and continues to accelerate growth as a US-listed public company," Dale Morrison, Twin Ridge Capital Acquisition Chairman.