Redwood Materials has created a sustainable battery recycling technology designed to perfect circular supply chains by transforming waste into profit. The company's innovation allows for the recycling and processing of scrap sourced from battery cell production and consumer electronics. It offers large-scale sources of domestic anode and cathode materials made from a growing number of recycled batteries. This allows Redwood Materials' clients to construct the world's electric vehicles and energy products through the creation of circular supply chains, ultimately reintroducing vital raw materials back into the battery supply chain effectively.
Lurra Capital, Breakthrough Energy, Redefine Ventures, Franklin Venture Partners, Emerson Collective, Caterpillar, Ericsenz Capital, Franklin Templeton, The Climate Pledge, Kortschak Investments, Thirdbase Capital, Goldman Sachs Asset Management, CPP Investments, T. Rowe Price, Capricorn Investment Group, OMERS Ventures, Microsoft Climate Fund, Ford, Woori Venture Partners, Tesla, Valor Equity Partners, Fidelity Investments, Baillie Gifford, Caterpillar Ventures, Amazon.com.
CEO JB Straubel says his startup’s deal with the automaker is an industry first, combining recycling old batteries and producing anodes and cathodes for new ones.
The battery components company created by Tesla cofounder JB Straubel wants the high-value metals used in 250,000 electric vehicles, hybrids and plug-in...
J.B. Straubel has worn many hats in his career: co-founder of Tesla, Tesla Board Member, and more recently, founder and CEO of battery materials and
JB Straubel's battery recycling business has raised $1 billion in series D venture funding
Redwood Materials raised over $1 billion in a Series D round and says it will use the funds to continue expanding the domestic battery supply chain.
Redwood Materials, led by Tesla cofounder and board member JB Straubel, said the latest funding round boosts its valuation to more than $5 billion.