Company Overview
About Redwood Materials
Redwood Materials is a Carson City, Nevada-based company building a domestic circular supply chain for lithium-ion battery materials. Founded in 2017 by JB Straubel — co-founder and former CTO of Tesla — Redwood has developed industrial-scale recycling processes to recover battery-grade lithium, cobalt, nickel, and copper from end-of-life batteries, consumer electronics, and manufacturing scrap, then remanufacture them into anode and cathode components for new battery cells.
Business Model & Competitive Advantage
The company operates a recycling and refining campus in Nevada and is constructing additional domestic production capacity to serve the rapidly growing U.S. EV and energy storage markets. Redwood's model addresses two critical dependencies simultaneously: reducing reliance on Chinese-dominated battery material supply chains and diverting spent batteries from landfill through a financially viable recycling economics model. In October 2025, Redwood closed a $350M Series E oversubscribed round led by Eclipse with NVIDIA's venture arm NVentures as a new strategic investor, valuing the company at more than $6 billion. The round's final close in January 2026 brought total Series E proceeds to $425M, with Google joining as a new investor.
Competitive Landscape 2025–2026
Redwood has supply agreements with major automakers and battery cell manufacturers, and its energy storage division (Redwood Energy) is scaling deployments of domestically manufactured battery systems for AI data center and clean energy applications — an emerging second revenue leg beyond its core battery recycling business.
Key Differentiators
Market Leader
Redwood Materials is recognized as a market leader in the Climate & Energy sector, demonstrating strong industry presence and customer trust.
Frequently Asked Questions
Estimated Visibility Trend (Beta)
Simulated 8-week rolling score
Based on estimated brand signals. Historical tracking coming soon.
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