Twin Ridge Capital Acquisition Corp.
TRCA-WT
New York Stock Exchange0.04
USD
+0.01
- -
CIK
0001840353
Return %
Stock
S&P500
1Y
-36.50
18.21
3Y
-52.37
64.38
5Y
-52.37
72.43
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001840353
- Similar Companies
- Business
- Twin Ridge Capital Acquisition Corp. is a special purpose acquisition company (SPAC) originally focused on investing in consumer, food, and distribution-related industries. It was founded to identify and complete a business combination with a target company, operating primarily from its headquarters in the Cayman Islands. The company gained significant prominence through its reverse merger transaction completed in 2023 with Carbon Revolution Limited, an Australian manufacturer specializing in ultra-lightweight advanced technology carbon fiber wheels. Following the merger, Twin Ridge's core business shifted to the automotive component sector via Carbon Revolution, which designs, manufactures, and sells carbon fiber wheels primarily for the high-end automotive markets, including electric vehicles. Carbon Revolution holds a proprietary portfolio with 89 granted or pending patents on its next-generation carbon fiber wheel technology, securing a strong foothold as a Tier 1 original equipment manufacturer (OEM) supplier globally. The company’s products are aimed at automotive OEMs and aftermarket customers, targeting a large market estimated at $38 billion in automotive passenger wheels. Recent major developments include the 2023 merger completion making Carbon Revolution publicly listed on the Nasdaq Capital Market under the ticker CREV. The transaction provided Carbon Revolution with approximately $95 million in gross proceeds, including $35 million from a structured equity facility and $60 million from a committed equity facility led by investment vehicles affiliated with Orion Infrastructure Capital. This financing supports Carbon Revolution's expansion plans, automation initiatives for margin expansion, and global operational scale-up to meet growing demand, especially from electric vehicle manufacturers. The company continues to secure multiple awarded and engineering program contracts, underscoring its growth trajectory and technological leadership in the carbon fiber wheel market. Twin Ridge Capital Acquisition Corp. thus operates as the public entity through which Carbon Revolution conducts its business, leveraging its advanced materials technology to capture market share in the automotive industry. The combined entity is headquartered in Geelong, Australia, with strategic operations targeting global automotive OEMs and aftermarket channels. The reorientation towards carbon fiber wheel manufacturing represents a significant strategic shift from Twin Ridge’s original focus as a SPAC to a technology-driven automotive supplier. Overall, Twin Ridge Capital Acquisition Corp. delivers carbon fiber automotive wheels and related advanced materials products through Carbon Revolution, with a strong emphasis on innovation, market expansion, and capital investment fueling growth in a high-barrier industry sector since the merger in late 2023. It operates in a specialized niche within the global automotive supply chain, focusing on lightweight materials to enhance vehicle performance and sustainability.