Redwood Materials
Founded Year
2017Stage
Series D | AliveTotal Raised
$3.991BValuation
$0000Last Raised
$1B | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-77 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.
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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 14 other companies, including ExxonMobil, Contemporary Amperex Technology, and Umicore.
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Research containing Redwood Materials
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Redwood Materials in 4 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
3,978 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
1,270 items
Energy Storage
5,350 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
4,105 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 14 patents.
The 3 most popular patent topics include:
- electric vehicle battery manufacturers
- battery electric cars
- rechargeable batteries
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
8/21/2023 | 12/3/2024 | Battery electric vehicle manufacturers, Rechargeable batteries, Battery (electricity), Electric vehicle battery manufacturers, Automotive technologies | Grant |
Application Date | 8/21/2023 |
|---|---|
Grant Date | 12/3/2024 |
Title | |
Related Topics | Battery electric vehicle manufacturers, Rechargeable batteries, Battery (electricity), Electric vehicle battery manufacturers, Automotive technologies |
Status | Grant |
Latest Redwood Materials News
Apr 2, 2025
The partnership builds on the auto manufacturer’s plans to localize its supply chain in North America. Published April 2, 2025 Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback . Dive Brief: Redwood Materials and Isuzu Commercial Truck of America are collaborating to build a circular battery supply chain for the medium- and heavy-duty commercial vehicle segment, the company said in an email. Through the partnership, Redwood will support the automaker’s U.S. and Canada operations by recycling cells, modules, packs and other battery materials from various Isuzu locations, including dealerships, service centers, research and development facilities and assembly plants. This is Redwood’s first OEM collaboration in the medium- and heavy-duty commercial vehicle segment as Isuzu transitions to electric, the battery recycler said. Dive Insight: The partnership comes as both companies are setting up facilities in South Carolina. Redwood is building its Carolina campus in Ridgeville, where its first recycling process is expected to come online in Q3, the spokesperson said. Meanwhile, Isuzu is establishing a $280 million commercial electric vehicle plant in Piedmont, with operations set to begin in 2027 and plans to expand in 2028. Since Isuzu’s facility announcement in February, however, the company has hit the ground running to localize its supply chain. Last week, Isuzu expanded its supply agreement with Accelera by Cummins, the zero-emissions business segment of the autopart maker. The revised deal has Accelera and Isuzu developing a new battery electric powertrain for Isuzu’s medium-duty EV F-Series model, which is expected to launch in North America by 2027, according to a press release . Many of the components integrated into the powertrain, including the batteries, eAxles, inverters and power controls and accessory systems, are manufactured or assembled by Accelera in the U.S., according to the autopart maker’s press release . Isuzu also expanded its collaboration with specialty vehicle manufacturer The Shyft Group in February . Shyft will continue to assemble Isuzu’s gas and battery-powered N-series and diesel-powered F-Series vehicles at its facility in Charlotte, Michigan , as the automaker ramps up production at its South Carolina facility. Shyft will also be involved in planning and launching Isuzu’s new facility as well, according to the release. The company plans to build an upfit and modification center near the automaker’s facility, which will support port-installed options, final modifications and other services for vehicles produced at Isuzu’s Piedmont site. Recommended Reading
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, Goldman Sachs Asset Management, OMERS Infrastructure, Microsoft Climate Innovation Fund and 14 more.
Who are Redwood Materials's competitors?
Competitors of Redwood Materials include tozero and 7 more.
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Compare Redwood Materials to Competitors
Ascend Elements specializes in the production of advanced battery materials for the lithium-ion battery industry. The company offers a patented Hydro-to-Cathode process that recycles spent lithium-ion batteries into high-value materials for use in new electric vehicle (EV) batteries, enhancing sustainability within the industry. It primarily serves electric vehicle battery manufacturers and cathode manufacturers. Ascend Elements was formerly known as Battery Resourcers. The company was founded in 2015 and is based in Westborough, Massachusetts.
Green Li-Ion is a lithium-ion battery recycling technology company that focuses 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.
tozero recycles lithium-ion batteries within the environmental sustainability sector. The company recovers materials such as lithium, nickel, cobalt, manganese, and graphite from batteries and reintroduces materials into the supply chain. tozero serves emobility firms, electronic waste recyclers, battery manufacturers, and second-life battery firms. It was founded in 2022 and is based in Munich, Germany.
NEU Battery Materials specializes in electrochemical lithium-ion battery recycling within the technology sector. The company offers a patented solution for the end-of-life recycling of LFP batteries, a sustainable method to recover critical metals without the need for acid leaching or smelting. It was founded in 2021 and is based in Singapore.
Battery Pollution Technologies specializes in creating a circular economy for the lithium-ion battery sector. The company offers services such as recycling of lithium-ion batteries, maximizing the recovery and reprocessing of critical battery minerals, and repurposing batteries for second-life applications. Battery Pollution Technologies primarily serves sectors that require battery recycling and repurposing, including the electric vehicle industry and energy storage solutions. Battery Pollution Technologies was formerly known as Battery Pollution. It was founded in 2021 and is based in Sydney, New South Wales.
Princeton NuEnergy specializes in the recycling of lithium-ion batteries within the clean-technology industry. The company utilizes a process for rejuvenating cathode and anode materials from spent batteries, aiming to produce materials with a reduced environmental impact. Princeton NuEnergy's technology differs from traditional battery recycling methods. It was founded in 2019 and is based in Bordentown, New Jersey.
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