General InformationRedwood Materials is a battery recycling company headquartered in Nevada that recovers critical minerals from lithium-ion batteries, founded in 2017 by Tesla's former CTO JB Straubel, with 500+ employees.
Funding & FinancialsThe company has raised over $1.5 billion across multiple rounds including a Series C in 2023 and Series D+ funding, backed by investors including Breakthrough Energy Ventures, Ecosystm, and others.
Leadership & TeamCo-founder and CEO JB Straubel, former Tesla CTO, leads the company alongside co-founder and Chief Commercial Officer Leah Strelitz and other automotive and materials industry veterans.
Recent ActivityAs of 2024, Redwood Materials has been ramping production at its Nevada facility, announcing partnerships with major automakers for battery recycling programs and expanding its capacity to process more battery scrap material.