CEFC, through the Clean Energy Innovation Fund committed AU$10 million in equity as part of a AU$50 million capital raising that will help Carbon Revolution expand production from under 6,000 to over 100,000 wheels a year. Carbon Revolution’s innovative carbon fibre wheels offer an alternative to aluminium wheels, and are up to 13 times stronger and typically 40 per cent lighter. When fully integrated in car design, the wheel technology can deliver a six per cent improvement in fuel efficiency.