JB Straubel’s Redwood Materials raises $700 million to accelerate EV battery recycling business
July 29, 2021
Battery recycling is key to making electric vehicles sustainable, and Redwood Materials, a company founded by Tesla co-founder JB Straubel, is a leader in the space.
Today, the company announced a $700 million capital raise to accelerate its effort.
Redwood Materials is a Nevada-based company that is developing new processes to recycle materials with a focus on electric car batteries.
It was…