Carbon Revolution makes single-piece carbon fiber wheels for automobiles, selling directly to OEMs under multi-year supply contracts. The wheels are up to 40-50% lighter than comparable aluminum wheels, delivering performance benefits including better acceleration, braking, handling, and road noise reduction — and for EVs, meaningful range extension. Customers to date have been concentrated in the performance and premium/luxury segments, including Ford, Ferrari, General Motors, Jaguar Land Rover, Renault, and Lamborghini. As of early 2025, Carbon Revolution has 11 active awarded programs with 5 OEMs, 7 in production and 4 in development. Revenue comes primarily from wheel sales, with smaller contributions from engineering services and customer-owned tooling tied to program development. OEMs are not contractually committed to minimum volumes — Carbon Revolution is obligated to maintain supply capacity, while actual orders arrive via rolling purchase orders. Key financial drivers are wheel volume, program mix, and unit economics, which improve as production scales. Carbon Revolution manufactures out of its Geelong, Australia facility, where it is expanding its automated Mega-line through 2025 and into early 2026 to support growing volumes. The company's medium-term growth strategy targets higher-volume EV SUV and light truck programs, which would likely require new manufacturing capacity closer to OEM customers. Carbon Revolution is also exploring aerospace applications, including a carbon fiber wheel for the Boeing CH-47 Chinook helicopter, claiming a 35% weight reduction versus existing metal wheels.