Shares of Carbon Revolution (ASX:CBR), the carbon fibre wheel maker, experienced an uptick following the announcement of a structured equity agreement.

This agreement, with Orion Infrastructure Capital, can total up to $110 million.

The funding is expected to provide fresh capital for the company’s operations.

Trading saw about 603,683 shares change hands, marking a significant upturn from the 30-day average volume of 199,378 shares.

Despite this recent surge, the company’s stock is down by 32.4% for the year, as of the latest closing.

Carbon Revolution (ASX:CBR) is a leading manufacturer of carbon fibre wheels.