Redwood Materials
Funding History
| Series C · 07/2021 | $700M |
|---|---|
| Series D · 08/2023 | $1.0B |
| Series E · 01/2026 | $425M |
About
Redwood Materials is a battery materials and recycling company founded in 2017 by JB Straubel, Tesla's former Chief Technology Officer, and headquartered in Nevada. The company recovers lithium, cobalt, nickel and copper from end-of-life lithium-ion batteries and manufacturing scrap, and produces anode copper foil and cathode active materials supplied to battery and automotive manufacturers including Toyota.
- CEO
- JB Straubel
- Employees
- 1,200+
- Headquarters
- Sparks NV
- Founded
- 2017
- Website
- redwoodmaterials.com
Overview
Redwood Materials was founded in 2017 by JB Straubel, who serves as Founder and CEO. The company operates a battery recycling and materials campus near Reno/Sparks and Carson City, Nevada, where it processes end-of-life lithium-ion batteries and manufacturing scrap to recover critical minerals and produces anode copper foil and cathode active materials for battery makers.
The company has since diversified into Redwood Energy, launched in 2025, which builds stationary battery storage systems using second-life electric vehicle battery packs, including projects supporting AI data-center power needs. Redwood has also begun operations at a critical-materials recovery site in South Carolina and holds a conditional U.S. Department of Energy loan commitment to help finance its battery materials manufacturing buildout.
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