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By A.J. Roan
Metal Tech News 

Strong Redwood attracts $1B investment

Investors help grow forest of domestic recycling infrastructure Metal Tech News - September 6, 2023


Last updated 9/19/2023 at 4:44pm

A 3D rendering of a future Redwood Materials facility.

Redwood Materials Inc.

Redwood Materials raised more than $1 billion its Series D financing round – bringing the U.S. battery recycling firm's total cash raised since inception to nearly $2 billion.

From a small sprout to a mighty tree, Redwood Materials Inc. may share its roots with the Tree of Tesla but has grown into a pillar of stability in the realm of recycling amidst a time when electric vehicle battery materials are becoming increasingly difficult to source. This battery and e-waste startup's vision of creating a domestic supply through recycling has drawn nearly $2 billion in new...

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