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§ Private Profile · Carson City, NV, USA
Operates large-scale battery recycling recovering lithium, cobalt, and nickel from spent batteries for a circular domestic EV supply chain.
Redwood Materials establishes a circular supply chain for lithium-ion batteries, recovering critical materials such as lithium, nickel, cobalt, and copper from end-of-life batteries. The company produces these essential components and also designs, integrates, and deploys large-scale energy storage systems for various applications, including data centers and grid infrastructure. Its technical approach focuses on domestic sourcing and manufacturing to secure a resilient supply of vital materials.
The company was founded in 2017 by J.B. Straubel, who serves as its CEO. Straubel, a co-founder and former Chief Technology Officer of Tesla, leveraged his extensive experience in electric vehicle battery technology. His founding insight centered on the environmental and supply chain challenges posed by the growing demand for lithium-ion batteries, recognizing the need for a sustainable closed-loop system for battery materials.
Redwood Materials partners with various entities across the automotive and energy sectors to integrate its recovered materials and energy storage solutions. The company's long-term vision is to accelerate the reduction of fossil fuels by building a resilient energy future, ensuring a continuous domestic supply of critical materials for electrification and energy storage. Its efforts aim to create a sustainable ecosystem for advanced battery manufacturing.
Redwood Materials has raised $4.5B across 7 funding rounds.
Redwood Materials has raised $4.5B in total across 7 funding rounds.
Redwood Materials has raised $4.5B across 7 funding rounds. Most recently, it raised $425.0M Series E in February 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 19, 2026 | $425M Series E | — | Google, NVIDIA | Announced |
| Oct 23, 2025 | $350M Series E | Eclipse | NVentures | Announced |
| Aug 29, 2023 | $1B Series D | Capricorn Investment Group, George Serafeim, Scott Bessent | Deepwater Asset Management, Microsoft, Omers | Announced |
| Feb 9, 2023 | $2B Debt Financing | Jigar Shah | — | Announced |
| Jul 28, 2021 | $700M Series C | JOE Fath | JB Straubel, Amazon, Breakthrough Energy Ventures, Capricorn Investment Group, Emerson Collective, Fidelity Management & Research Company, Franklin Templeton, Goldman Sachs, Valor Equity Partners | Announced |
| Aug 31, 2020 | $40M Series B | David Danielson, Capricorn Investment Group | — | Announced |
| May 2, 2017 | $2M Venture Round | — | — | Announced |
Redwood Materials establishes a circular supply chain for lithium-ion batteries, recovering critical materials such as lithium, nickel, cobalt, and copper from end-of-life batteries. The company produces these essential components and also designs, integrates, and deploys large-scale energy storage systems for various applications, including data centers and grid infrastructure. Its technical approach focuses on domestic sourcing and manufacturing to secure a resilient supply of vital materials.
The company was founded in 2017 by J.B. Straubel, who serves as its CEO. Straubel, a co-founder and former Chief Technology Officer of Tesla, leveraged his extensive experience in electric vehicle battery technology. His founding insight centered on the environmental and supply chain challenges posed by the growing demand for lithium-ion batteries, recognizing the need for a sustainable closed-loop system for battery materials.
Redwood Materials partners with various entities across the automotive and energy sectors to integrate its recovered materials and energy storage solutions. The company's long-term vision is to accelerate the reduction of fossil fuels by building a resilient energy future, ensuring a continuous domestic supply of critical materials for electrification and energy storage. Its efforts aim to create a sustainable ecosystem for advanced battery manufacturing.
Redwood Materials has raised $4.5B in total across 7 funding rounds.
Redwood Materials's investors include Google, NVIDIA, Eclipse, NVentures, Capricorn Investment Group, George Serafeim, Scott Bessent, Deepwater Asset Management, Microsoft, OMERS, Jigar Shah, Joe Fath.