About Redux
Redux is a company based in Offenbach (Germany) founded in 1997 was acquired by Redwood Materials in September 2023. It operates as a Managed Services, and Circular Economy. The company has 87 employees as of December 31, 2021. Redux offers products and services including Battery Recycling. Redux operates in a competitive market with competitors including tozero, Circunomics, Spiers New Technologies, PowerTech Water and AkkuSer, among others.
- Headquarter Offenbach, Germany
- Employees 87 as on 31 Dec, 2021
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Sectors
Environment
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Redux Recycling Gmbh
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Annual Revenue
$7.23 M (USD)-98as on Dec 31, 2022
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Net Profit
$-2.6 M (USD)47as on Dec 31, 2022
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EBITDA
$-1.72 M (USD)57as on Dec 31, 2022
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Latest Funding Round
$940.4 K (USD), Grant
Jun 07, 2022
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Investors
Redwood Materials
& 1 more
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Employee Count
87
as on Dec 31, 2021
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Acquired by
Redwood Materials
(Sep 19, 2023)
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Products & Services of Redux
Redux offers a comprehensive portfolio of products and services, including Battery Recycling. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Lithium-ion batteries are recycled with advanced technology.
Funding Insights of Redux
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $940,398
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First Round
First Round
(07 Jun 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Grant - Redux | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Redux
Redux has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Redwood Materials and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Used battery packs are repurposed for modular energy storage systems.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Redux
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Redux
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Redux Comparisons
Competitors of Redux
Redux operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as tozero, Circunomics, Spiers New Technologies, PowerTech Water and AkkuSer, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of lithium-ion battery recycling solutions
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| domain | founded_year | HQ Location |
Waste management services for electric vehicle batteries are provided.
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| domain | founded_year | HQ Location |
Advanced battery packs for electric vehicles are repaired and repurposed.
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| domain | founded_year | HQ Location |
Provider of technology solutions for wastewater treatment
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| domain | founded_year | HQ Location |
Portable battery recycling company
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Redux
When was Redux founded?
Redux was founded in 1997 and raised its 1st funding round 25 years after it was founded.
Where is Redux located?
Redux is headquartered in Offenbach, Germany. It is registered at Offenbach, Hessen, Germany.
Who is the current CEO of Redux?
Holger Kuhlmann is the current CEO of Redux.
How many employees does Redux have?
As of Dec 31, 2021, the latest employee count at Redux is 87.
What is the annual revenue of Redux?
Annual revenue of Redux is $7.23M as on Dec 31, 2022.
What does Redux do?
Lithium-ion batteries and related waste are recycled by Redux using advanced technology. Operations focus on the battery value chain, from production waste to end-of-life batteries. High recovery rates of up to 95 for metals are achieved. A commitment to a circular economy is maintained, promoting resource conservation. Services include safe transport, storage, and processing in multiple stages. The environment sector is primarily served, contributing to sustainable waste management solutions.
Who are the top competitors of Redux?
Redux's top competitors include Circunomics, tozero and PowerTech Water.
What products or services does Redux offer?
Redux offers Battery Recycling.
Who are Redux's investors?
Redux has 2 investors. Key investors include Redwood Materials, and European Union.