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
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- Legal Name The Redwood Company
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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.
Recycles end-of-life lithium-ion batteries to recover key materials.
Refines recovered minerals for sustainable battery production.
Remanufactures battery materials from recycled sources.
People of Redwood Materials
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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.
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.
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Climate solutions are advanced via venture capital and startup acceleration.
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Investor details for Redwood Materials
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Investments & Acquisitions by Redwood Materials
Redwood Materials has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Redux.
Investment portfolio details for Redwood Materials
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Waste batteries are collected and recycled annually.
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Complete acquisition details for Redwood Materials
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Financial Statements - Redwood Materials
Detailed financials for Redwood Materials
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Redwood Materials Comparisons
Peer comparison for Redwood Materials
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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.
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Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
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Lithium-ion battery materials are manufactured from reclaimed battery elements.
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Lithium-ion battery recycling
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End-to-end lithium-ion battery recycling services are provided.
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Recycled EV battery materials are developed for automotive applications.
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Detailed competitors of Redwood Materials
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Latest news on Redwood Materials
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Frequently Asked Questions about Redwood Materials
Redwood Materials was founded in 2017.
Redwood Materials is headquartered in Carson City, United States. It is registered at Carson City, Nevada, United States.
JB Straubel is the current CEO of Redwood Materials. They have also founded this company.
Redwood Materials is a funded company, having raised a total of $2.29B across 10 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Redwood Materials is 101.
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.
Redwood Materials's top competitors include Lohum, Ascend Elements and Li Industries.
Redwood Materials offers Battery Recycling Service, Mineral Refining Process, and Material Remanufacturing.
Redwood Materials has made 1 acquisition, including Redux.
Redwood Materials has 23 investors. Key investors include Microsoft, Fidelity Investments, Goldman Sachs, Ford, and Caterpillar.
The valuation of Redwood Materials is $5B as of Aug 2023.