Kirsten Korosec of TechCrunch reports that Redwood Materials has bought a European battery recycler.
- The purchase of Redux Recycling marks the second time that Redwood Materials has purchased a European company, signaling expansion in the area.
- The company is also building a facility in Charleston, South Carolina that will eventually employ 1,500 people and make enough cathode and anode components to supply 1 million EVs annually.
- With a recent $1 billion funding round in August, Redwood now has $2 billion in equity capital.
Read the full article here.