Redwood Materials is a battery materials recycling, refining and remanufacturing startup. By responsibly recycling lithium, cobalt, nickel, and graphite, Redwood Materials helps reduce the reliance on mining and the associated environmental consequences.
Redwood Materials has raised over $1 billion in a Series D round, which has brought the company’s valuation to $5 billion. The round was led by Goldman Sachs Asset Management, Capricorn’s Technology Impact Fund, and funds and accounts advised by T. Rowe Price Associates, Inc. “As the electrification megatrend continues to accelerate, building a sustainable battery materials supply chain is more important now than ever,” said Sebastien Gagnon, head of Climate Transition Private Equity Investing for Goldman Sachs Asset Management. Among new investors are OMERS, Caterpillar Inc., Microsoft’s Climate Innovation Fund, Deepwater Asset Management, and others.
Redwood Materials, Carson City, Nevada, United States, was founded in 2017 by Jeffrey Brian Straubel. With a mission to build a circular supply chain for batteries, Redwood Materials is paving the way for a greener and more efficient future.