Latest Redwood Materials News & Updates

See the latest news and media coverage for Redwood Materials. We track all announcements, press releases, and industry mentions in real time, all in one place.

Redwood Materials

Battery recycling, critical materials, and energy storage company

redwoodmaterials.com

Headquarters: Carson City, United States
Company type: Private company
Number of employees: 1,000–5,000
Industry: Specialty Mining & Metals

Last updated June 9

Latest news about Redwood Materials

In short: Redwood Materials launched Redwood Energy, turning retired EV batteries into data center storage, and raised new funding.

Company announcements

June 9 Redwood Materials

Redwood Materials appoints Cal Lankton as Chief Operating Officer

Lankton will lead the Energy offering build-out and oversee recycling operations, aiming for aggressive scale-up to meet growing power demands.

January 28 Redwood Materials

Redwood Materials announces $425M Series E final close

Funding includes Capricorn, Goldman Sachs, and new investor Google. Capital accelerates energy storage and recycling business amid surging electricity demand.

December 29, 2025 Redwood Materials

Redwood Materials launches Redwood Energy and expands operations

Deploys largest microgrid, opens R&D center and South Carolina facility, produces 60,000 metric tons of minerals, launches Battery Bin, raises $350M Series E.

November 6, 2025 Redwood Materials

Redwood begins critical materials recovery in South Carolina

The new facility on a 600-acre campus in Berkeley County starts operations, adding 20,000 metric tons of annual production and creating over 1,500 jobs.

Media coverage

June 9 Electrek

GM becomes first automaker to partner with Redwood across full battery lifecycle | Electrek

General Motors is the first automaker to work with Redwood Materials across every stage of the battery lifecycle — scrap recovery, end-of-life recycling, and now...

October 23, 2025 U.S. News & World Report

Battery Recycling Firm Redwood Raises $350 Million From Eclipse Ventures, Nvidia

(Reuters) -Battery recycling firm Redwood Materials said on Thursday it has closed a $350 million funding round led by venture capital firm Eclipse Ventures, with...

October 23, 2025 Financial Post

Redwood Materials Tops $6 Billion Valuation in Funding Round

(Bloomberg) — Redwood Materials Inc. raised $350 million in a Series E financing round that values the battery recycling company led by Tesla Inc. co-founder...

June 27, 2025 Business Insider

Nvidia backs $6 billion battery recycling giant to power the AI boom

Redwood Materials raises $350 million from investors including Eclipse Ventures and Nvidia. The money will help fund a new energy storage business.

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