Carbon Revolution enters Voluntary Administration

Render of a Carbon Revolution 26-inch one-piece carbon fiber wheel, as shared in a 2022 press release. Source | Carbon Revolution

Carbon Revolution (Geelong, Australia), a Tier 1 automotive supplier and manufacturer of carbon fiber composite wheels, issued a statement on March 26, 2026 that the company’s wholly owned Australian subsidiaries Carbon Revolution Pty. Ltd. and Carbon Revolution Operations Pty. Ltd. have decided to initiate a planned Voluntary Administration in Australia.

The company and its subsidiaries report that they have entered into a Restructuring Support Agreement (RSA) with substantially all secured leaders, who have agreed to the financial restructure of Carbon Revolution’s business in Australia upon exit from Voluntary Administration.

According to the company’s statement, this organized restructuring is designed to enable Carbon Revolution’s Australian subsidiaries to unburden themselves of all senior secured debt and certain other legacy obligations, so that they can emerge as a stronger, privately-held business. The organized restructuring is subject to the approval of the Administrators (who were appointed by the Board of the Australian Subsidiaries) and the Australian subsidiaries’ creditors.

Coming out of Voluntary Administration, the restructured Carbon Revolution business in Australia is targeting a strategic Four Pillar framework emphasizing:

• Right Technology: Continuing to focus on lightweight engineering products and processes.
• Right Products: Maintaining  leadership in the global carbon fiber wheel market.
• Right Geography: Manufacturing closer to its customers, significantly shortening its supply chain and improving its speed of delivery.
• Right Customers: Driving customer satisfaction.

Carbon Revolution says its operations in Australia will continue through this period with production schedules met, deliveries made and the development of new products ongoing. It anticipates that that the restructured Australian business can re-emerge in Q2 2026 with the capital and market positioning necessary to execute on its strategic plan.

The company expects that, after emerging from Voluntary Administration Carbon Revolution plc will cease to have any continuing equity interest in its Australian subsidiaries or their businesses. Accordingly, it says the RSA provides for the orderly wind down and liquidation of Carbon Revolution plc., a publicly-traded company whose ordinary shares are traded in the OTC Expert Market, in accordance with Irish law, which it is anticipated will commence shortly following the emergence of the Australian business from Voluntary Administration.

“As the market’s appreciation for the value that carbon fiber wheels deliver continues to grow, the restructured business will be well set up to be a prime beneficiary of this trend at just the right time,” says Bob Lutz, chairman of Carbon Revolution plc.

“Now is the right time for Carbon Revolution to engage in this process, one that holds the opportunity of a de-leveraged balance sheet and the ability to expand the depth of our relationships with our current customers and add new ones,” says Eugene Davis, director of the Australian subsidiaries.