Redwood Materials is a company with a mission to create a sustainable world by "Building the circular supply chain to power a sustainable world". Founded in 2017 and based in the United States, the company operates in the industries of Manufacturing, Renewable Energy, Sustainability, and Energy Storage. Redwood Materials is focused on developing a closed-loop, domestic supply chain for lithium-ion batteries. The team is dedicated to manufacturing critical battery components using as many recycled batteries as possible, effectively localizing a 50,000-mile global supply battery chain on a single site. Notably, Redwood Materials has recently received a Series D investment as of 05 September 2023. The specific details of the investment and the name of the investors involved are not currently available. With its innovative approach and commitment to sustainability, Redwood Materials is well-positioned to make a significant impact in the renewable energy and energy storage sectors.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series D | Unknown | - | 05 Sep 2023 | |
Series D | $1.00B | 7 | Caterpillar | 29 Aug 2023 |
Debt Financing | $2.00B | 1 | US Department of Energy | 09 Feb 2023 |
Corporate Round | Unknown | - | 22 Sep 2021 | |
Series C | $775.00M | 10 | Canada Pension Plan Investment Board | 28 Jul 2021 |