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Redwood Materials Raises $700 Million In Race To Revolutionize Battery Recycling For Electric Cars

Forbes Alan Ohnsman reports that Redwood Materials has raised $700 million for its battery recycling operations.

The C3 Take
  • In its first year of operations, Redwood Materials processed over 10,000 tons of materials from old electronic equipment and batteries.
  • Recycling the metals that are needed to make lithium-ion batteries will be crucial to match the growing demand for electric vehicles.
  • The private sector’s innovation is creating a cleaner environment and more robust economy.

“Redwood Materials, a battery recycler created by Tesla cofounder and former tech chief JB Straubel, just raised more than $700 million from investors that will help it scale up recovery of lithium, cobalt, nickel and other metals needed by makers of lithium-ion cells for electric vehicles.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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