About Redwood Materials

Redwood Materials is an American battery recycling and manufacturing company that aims to create a closed-loop supply chain for electric vehicles and clean energy products. Founded by Tesla co-founder and former CTO JB Straubel in 2017, the company is revolutionizing battery sustainability by recovering critical minerals from end-of-life batteries and consumer electronics.

The company has developed proprietary technology that recovers more than 95% of critical materials including lithium, cobalt, nickel, and copper from spent batteries. These recovered materials are then refined and remanufactured into battery-grade anode copper foil and cathode active materials for new electric vehicle batteries.

With facilities in Nevada and South Carolina, Redwood Materials is building domestic manufacturing capacity to produce battery materials for over 1 million electric vehicles annually by 2025, scaling to 5 million by 2030. The company’s vision is to make batteries more sustainable, affordable, and secure by eliminating dependence on overseas supply chains.

Watch: Redwood Materials Vision

What We Do

• Battery Recycling: Collect and process end-of-life EV batteries and consumer electronics to recover critical minerals
• Materials Refining: Use proprietary hydrometallurgical processes to achieve 95%+ recovery rates of lithium, cobalt, nickel, and copper
• Manufacturing: Produce battery-grade anode copper foil and cathode active materials from recycled content
• Energy Storage: Deploy large-scale battery energy storage systems using both new and second-life batteries
• Circular Supply Chain: Create a closed-loop ecosystem where materials from old batteries go directly into new ones

Strategic Partnerships

• Panasonic: Recycling partnership at Tesla Gigafactory Nevada, including cathode material supply
• Toyota: Supplying recycled battery materials for EV production
• Ford Motor Company: Battery collection and recycling program across California
• BMW of North America: Recycling lithium-ion batteries from nearly 700 locations nationwide
• General Motors: Partnership with Ultium Cells for battery recycling and energy storage deployment
• Volkswagen Group: Battery recycling program for VW and Audi vehicles
• Volvo: End-of-life battery collection and recycling in California
• Amazon: Early investor and partner in consumer electronics recycling

Funding History