Carbon Revolution, the Australian manufacturer behind the first mass produced carbon fiber wheels in a production vehicle (the Ford GT350), has partnered with Ferrari to provide high-performance carbon fiber composite wheels for its new 488 Pista supercar.

The Pista, which is said to be the most powerful road-going V8 built by the Italian sports car manufacturer, was unveiled at the Geneva Motor Show earlier this month. It is the first vehicle from Ferrari to come with CFRP wheels. According to Ferrari, the wheels are around 40 percent lighter (roughly 200 pounds) than the 488 GTB’s standard wheel rims and feature a special coating developed for the aerospace industry to the channel and spokes which efficiently dissipates heat generated under braking.

“[Ferrari] are an innovation leader,” Carbon Revolution’s CEO Jake Dingle said to The Australian Financial Review. “They put extreme demands on any technology that they employ in a car. It is a really strong signal in terms of the technology and it’s a great achievement for us to meet their requirements.”

To meet increasing demand for its wheels, Carbon Revolution is considering filing a $100 million IPO to fund an expansion of its Waurn Ponds plant in Geelong, Australia.

“Given the rapid uptake of the technology we are certainly considering an IPO as a preferred option rather than pushing it out further,” Dingle said.