Redwood Materials

Building America's energy storage & critical materials

Energy 📍 Carson City, Nevada Founded 2017

Current Valuation

$4.5B

as of 2025-Q4

UNICORN

Redwood Materials is a battery recycling and critical materials production company founded by former Tesla CTO JB Straubel. The company recycles end-of-life batteries and production scrap to produce lithium, nickel, cobalt, copper, and cathode active materials for new batteries. In 2025, Redwood launched Redwood Energy, deploying large-scale energy storage systems for AI data centers and the electrical grid using recycled batteries. The company operates facilities in Nevada and South Carolina.

Company Profile

CEO

JB Straubel

Founded

2017

Carson City, Nevada

Employees

1001-5000

Total Raised

$4.4B

Est. Revenue

$200M (2025-Q4)

Growth

Fast-growing battery recycling and critical materials company expanding into grid-scale energy storage; processing over 20 GWh of batteries annually with 95-98% recovery rate

Last Round

Series E — $350M (Oct 2025)

IPO Status

Private

Fundraising Status

Series E · $350M · 10 mo ago

PrivateTotal raised $4.4B

Secondary Market

Implied price / share

$35.71

Last round price / share

$47.74

vs last round

-25.2%

Open interest

30

Last round price vs secondary price

Secondary price return by period

Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →

Latest Funding Round

Round	Amount	Date	Lead Investor	Post-Money
Series E	$350M	Oct 2025	—	—

Founders & Key People

JB Straubel

Investors

Google · Eclipse · NVentures (NVIDIA) · Capricorn Investment Group · Goldman Sachs Asset Management · T. Rowe Price · OMERS · Microsoft Climate Innovation Fund · Deepwater Asset Management · Caterpillar Venture Capital · Ford Motor Company · Baillie Gifford · Fidelity Investments · Franklin Templeton Investments · CPP Investments · Valor Equity Partners · Breakthrough Energy Ventures · Amazon Climate Pledge Fund · Emerson Collective · Bill Gates · Jeff Bezos

Products

Anode copper foil
Cathode active material (CAM)
Battery recycling
Energy storage (Redwood Energy)

Competitors

Li-Cycle · Aqua Metals · Ascend Elements · Cirba Solutions

Battery recyclingCathode active materialCritical mineralsEnergy storageCircular economyEV materialsSustainabilityClean energy

Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q4. Refreshed quarterly.