Redwood Materials
Redwood Materials recycles batteries and manufactures battery materials to build a domestic supply chain for electric vehicles, grid storage and data centers.
The Company
Founded by former Tesla CTO JB Straubel, Redwood recovers critical materials from batteries and production scrap, then turns them into new battery inputs.
The company has broadened from EV recycling into energy storage and domestic materials production as demand for grid and data-center power grows.
Why It Matters
Redwood is a capital-intensive private benchmark for U.S. battery and energy-storage infrastructure. Its success depends on turning policy support and strategic demand into reliable, cost-competitive industrial operations.
Valuation History
What Changed
Raised $350M in Series E financing to expand energy storage, refining and materials production.
Announced a $425M final close for the Series E, including Google as a new investor.
THE NEXT COMPANY. A CLEARER PICTURE.
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