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Redwood Materials nabs $425 million for battery recycling and energy storage.
The company, which was led by ex-Tesla CTO JB Straubel, says it just closed its series E funding, including participation from Google and other investors. The money will be put toward building out Redwood Materials’ energy storage platform as well as its EV battery recycling and critical minerals business. And in a blog post, the company gestures at the current debate over AI data centers and electricity demand, saying:
As electricity demand surges—driven by AI, data centers, manufacturing and electrification—energy storage is no longer optional; it is essential infrastructure.
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