Article

Redwood Materials has raised $425 million in its Series E funding round, led by investments from Google and other backers, bringing its valuation to over $6 billion. The funds will support the expansion of its energy storage platform and electric vehicle battery recycling operations, as the company pivots towards grid-scale energy storage to meet rising electricity demand from AI and data centers. Founded by former Tesla CTO JB Straubel, Redwood aims to utilize repurposed EV batteries while continuing its focus on recycling and critical minerals processing in the U.S.