About Redwood Materials
Redwood Materials is a company based in Carson City (United States) founded in 2017 by JB Straubel.. Redwood Materials has raised $2.29 billion across 10 funding rounds from investors including Microsoft, Fidelity Investments and Goldman Sachs. The company has 101 employees as of December 31, 2021. Redwood Materials has completed 1 acquisition, including Redux. Redwood Materials offers products and services including Battery Recycling Service, Mineral Refining Process, and Material Remanufacturing. Redwood Materials operates in a competitive market with competitors including Lohum, Ascend Elements, Li Industries, Metastable Materials and Altilium, among others.
- Headquarter Carson City, United States
- Employees 101 as on 31 Dec, 2021
- Founders JB Straubel
- Stage Unicorn
-
Sectors
Environment
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name The Redwood Company
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Redwood Materials
Redwood Materials offers a comprehensive portfolio of products and services, including Battery Recycling Service, Mineral Refining Process, and Material Remanufacturing. 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.
Recycles end-of-life lithium-ion batteries to recover key materials.
Refines recovered minerals for sustainable battery production.
Remanufactures battery materials from recycled sources.
Unlock access to complete
Funding Insights of Redwood Materials
Redwood Materials has successfully raised a total of $2.29B across 10 strategic funding rounds. The most recent funding activity was a Series E round of $75 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series E — $75.0M
-
First Round
First Round
(17 Apr 2017)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Series E - Redwood Materials | Valuation |
investors |
|
| Oct, 2025 | Amount | Series E - Redwood Materials | Valuation | Eclipse | |
| Aug, 2023 | Amount | Series D - Redwood Materials | Valuation | Goldman Sachs Asset Management , Capricorn |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Redwood Materials
Redwood Materials has secured backing from 23 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Microsoft, Fidelity Investments and Goldman Sachs. 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 |
|---|---|---|---|---|
|
Investment banking services are delivered across multiple financial sectors.
|
Founded Year | Domain | Location | |
|
Private equity firm
|
Founded Year | Domain | Location | |
|
Climate solutions are advanced via venture capital and startup acceleration.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Redwood Materials
Redwood Materials has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Redux. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Waste batteries are collected and recycled annually.
|
1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Redwood Materials
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Redwood Materials Comparisons
Competitors of Redwood Materials
Redwood Materials 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 Lohum, Ascend Elements, Li Industries, Metastable Materials and Altilium, 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 |
Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
|
|
| domain | founded_year | HQ Location |
Lithium-ion battery materials are manufactured from reclaimed battery elements.
|
|
| domain | founded_year | HQ Location |
Lithium-ion battery recycling
|
|
| domain | founded_year | HQ Location |
End-to-end lithium-ion battery recycling services are provided.
|
|
| domain | founded_year | HQ Location |
Recycled EV battery materials are developed for automotive applications.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Redwood Materials
Frequently Asked Questions about Redwood Materials
When was Redwood Materials founded?
Redwood Materials was founded in 2017.
Where is Redwood Materials located?
Redwood Materials is headquartered in Carson City, United States. It is registered at Carson City, Nevada, United States.
Who is the current CEO of Redwood Materials?
JB Straubel is the current CEO of Redwood Materials. They have also founded this company.
Is Redwood Materials a funded company?
Redwood Materials is a funded company, having raised a total of $2.29B across 10 funding rounds to date. The company's 1st funding round was a Series D of $1B, raised on Apr 17, 2017.
How many employees does Redwood Materials have?
As of Dec 31, 2021, the latest employee count at Redwood Materials is 101.
What does Redwood Materials do?
Redwood Materials was established in 2017 and is based in Carson City, United States. Operations center on the recycling and refining of lithium-ion batteries to extract valuable materials. Used battery packs with residual capacity are transformed into modular energy storage systems. These solutions are deployed in the energy sector as a cost-effective option compared to conventional grid infrastructure expansions. Services support scalable storage applications across various geographies.
Who are the top competitors of Redwood Materials?
Redwood Materials's top competitors include Lohum, Ascend Elements and Li Industries.
What products or services does Redwood Materials offer?
Redwood Materials offers Battery Recycling Service, Mineral Refining Process, and Material Remanufacturing.
How many acquisitions has Redwood Materials made?
Redwood Materials has made 1 acquisition, including Redux.
Who are Redwood Materials's investors?
Redwood Materials has 23 investors. Key investors include Microsoft, Fidelity Investments, Goldman Sachs, Ford, and Caterpillar.
What is Redwood Materials's valuation?
The valuation of Redwood Materials is $5B as of Aug 2023.