Redwood Materials
Founded Year
2017Stage
Series D | AliveTotal Raised
$3.991BValuation
$0000Last Raised
$1B | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-24 points in the past 30 days
About Redwood Materials
Redwood Materials specializes in creating a sustainable circular supply chain for lithium-ion batteries within the recycling and manufacturing industry. The company's main services include recycling used batteries, refining metals through hydrometallurgical processes, and remanufacturing anode and cathode components for new batteries. Redwood Materials primarily serves the battery manufacturing sector, providing domestically sourced materials to U.S. cell manufacturers. It was founded in 2017 and is based in Carson City, Nevada.
Loading...
ESPs containing Redwood Materials
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The electric vehicle (EV) battery recycling market is focused on safely and responsibly recycling used lithium-ion batteries and manufacturing scrap, while also providing a sustainable source of critical battery materials. The market aims to close the loop for the lithium-ion supply chain by recovering critical battery elements from end-of-life batteries or scrap and using them to make new cathode…
Redwood Materials named as Leader among 15 other companies, including ExxonMobil, Contemporary Amperex Technology, and Umicore.
Loading...
Research containing Redwood Materials
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Redwood Materials in 5 CB Insights research briefs, most recently on Mar 12, 2024.
Mar 12, 2024
Climate tech in 8 charts: 2023
Nov 9, 2023
Advanced manufacturing in 5 charts: Q3’23
Oct 12, 2023 report
State of Venture Q3’23 Report
Expert Collections containing Redwood Materials
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Redwood Materials is included in 5 Expert Collections, including Auto Tech.
Auto Tech
3,971 items
Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.
Unicorns- Billion Dollar Startups
1,244 items
Energy Storage
5,352 items
Companies in the Energy Storage space, including those developing and manufacturing energy storage solutions such as lithium-ion batteries, solid-state batteries, and related software for battery management.
Advanced Manufacturing
3,937 items
Companies in the advanced manufacturing tech space, including companies focusing on technologies across R&D, mass production, or sustainability
Advanced Manufacturing 50
50 items
Redwood Materials Patents
Redwood Materials has filed 13 patents.
The 3 most popular patent topics include:
- battery electric cars
- electric vehicle battery manufacturers
- lithium-ion batteries
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
2/9/2023 | Transition metals, Metal halides, Zinc compounds, Oxide minerals, Lithium-ion batteries | Application |
Application Date | 2/9/2023 |
|---|---|
Grant Date | |
Title | |
Related Topics | Transition metals, Metal halides, Zinc compounds, Oxide minerals, Lithium-ion batteries |
Status | Application |
Latest Redwood Materials News
Sep 20, 2024
US battery recycler Redwood wins BMW as a customer The US recycling company Redwood Materials, founded by ex-Tesla CTO JB Straubel, has gained another major customer in BMW. The agreement provides for the recycling of lithium-ion batteries from BMW vehicles in the USA. Image: Redwood Materials BMW of North America and Redwood Materials have announced their new partnership for the recycling of lithium-ion batteries. This extends to all BMW, Mini, Rolls-Royce and BMW Motorrad electric and hybrid vehicles in the US. Redwood Materials will work directly with the BMW Group’s network of nearly 700 locations in the US, including dealerships and distribution centres. From there, used lithium-ion batteries will be sent for recycling: Redwood extracts important minerals such as nickel, cobalt, lithium and copper, recycles them and processes them. Redwood claims a recycling rate of 95 to 98 per cent of these critical minerals. “Together with Redwood Materials, BMW is laying the groundwork for the creation of a fully circular battery supply chain in the U.S.,” said Denise Melville, head of sustainability at BMW of North America. “We have said before that the future of BMW was electric, digital, and circular, and this agreement brings us a step closer to meeting that goal.” “The transition to electric mobility presents a tremendous opportunity to rethink how we manage the batteries that power our clean energy future,” said Cal Lankton, Chief Commercial Officer at Redwood Materials. “Our partnership with BMW of North America ensures responsible end-of-life battery management that will improve the environmental footprint of lithium-ion batteries, help decrease cost and, in turn, increase access and adoption of electric vehicles.” The recycled materials will apparently be used primarily for batteries for vehicles built at BMW’s US plants in Spartanburg and Woodruff. BMW plans to assemble at least six all-electric models and high-voltage battery packs for those vehicles at both factories by the end of the decade. The company’s battery cell manufacturing partner, AESC, is also located nearby. Redwood Materials can already process over 40,000 tonnes per year, which corresponds to 15 to 20 GWh of battery capacity. Redwood’s partners already include the US business of Volkswagen and Audi. Last year, Redwood also took over the German battery recycler Redux Recycling in Bremerhaven.
Redwood Materials Frequently Asked Questions (FAQ)
When was Redwood Materials founded?
Redwood Materials was founded in 2017.
Where is Redwood Materials's headquarters?
Redwood Materials's headquarters is located at 2801 Lockheed Way, Carson City.
What is Redwood Materials's latest funding round?
Redwood Materials's latest funding round is Series D.
How much did Redwood Materials raise?
Redwood Materials raised a total of $3.991B.
Who are the investors of Redwood Materials?
Investors of Redwood Materials include Capricorn Investment Group, T. Rowe Price, Microsoft Climate Innovation Fund, OMERS Infrastructure, Goldman Sachs Asset Management and 14 more.
Who are Redwood Materials's competitors?
Competitors of Redwood Materials include Ascend Elements and 7 more.
Loading...
Compare Redwood Materials to Competitors
Ascend Elements specializes in the production of battery materials for the lithium-ion battery industry. The company offers a patented Hydro-to-Cathode process that recycles spent lithium-ion batteries into materials for use in new electric vehicle (EV) batteries. It serves electric vehicle original equipment manufacturers (OEMs), battery manufacturers, and cathode manufacturers. Ascend Elements was formerly known as Battery Resourcers. It was founded in 2015 and is based in Westborough, Massachusetts.
tozero focuses on lithium-ion battery recycling within the environmental services industry. The company offers a sustainable process to recover critical materials such as lithium, nickel, cobalt, manganese, and graphite from all types of lithium-ion batteries, reintroducing them into the supply chain. It primarily serves sectors like eMobility firms, electronic waste recyclers, battery manufacturers, and second-life battery firms. The company was founded in 2022 and is based in Munich, Germany.
Green Li-Ion is a lithium-ion battery recycling technology company focused on producing modular hardware solutions for the battery recycling sector. The company's main offerings include converting spent batteries into cathode and anode materials that are ready for integration into the manufacturing processes of various types of batteries. It was founded in 2020 and is based in Singapore, Singapore.
Cylib specializes in battery recycling within the renewable energy and waste management sectors. The company offers a process for the recycling of lithium-ion batteries, transforming waste into marketable raw materials. Its process is designed to serve the electric vehicle industry by recovering valuable elements from end-of-life batteries and production scrap. It was founded in 2022 and is based in Aachen, Germany.
Lithion Recycling is a company focused on the sustainable production of strategic materials from lithium-ion batteries, operating in the recycling and energy sectors. The company's main service involves the recovery and reuse of up to 95% of the components of lithium-ion batteries, which are commonly used in electric vehicles and portable electronics. This service is aimed at reducing the environmental impact of these batteries and making the energy transition more sustainable. It was founded in 2017 and is based in Anjou, Quebec.
Blue Whale Materials is a company that focuses on recycling solutions, specifically within the battery recycling industry. The company's main service involves the safe reclamation and responsible supply of critical materials such as cobalt, nickel, and lithium from recycled lithium-ion batteries. These services primarily cater to the electrified economy, including sectors such as smart phones, electric vehicles, and electric storage technology. It was founded in 2018 and is based in Washington, District of Columbia.
Loading...