Overview
- Carbon Revolution’s Australian subsidiaries entered Voluntary Administration with a Restructuring Support Agreement from substantially all senior secured lenders to recapitalize the local business.
- The company says manufacturing in Geelong will continue through the process, with production schedules met, customer deliveries made, and new product development ongoing.
- Upon completion of the Australian restructuring, the parent company, Carbon Revolution plc, expects to lose its equity in the operating units and proceed to an orderly wind-down and liquidation under Irish law.
- Media reports say McGrathNicol was appointed to manage the restructure, and the company signals a planned re-emergence of the Australian business as a privately held operation in Q2 2026.
- Recent strain included large cumulative losses and the loss of some EV program work as automakers slowed electrification, followed by removal from the Nasdaq in February 2026.