Redwood Materials,raises $1 billion

 

Redwood Materials, run by ex-Tesla CTO, raises $1 billion to expand recycling operations in U.S.

https://www.cnbc.com/2023/08/29/redwood-materials-raises-1-billion-to-expand-recycling-operations-in-us.html

JB Straubel sits down with CNBC's Phil LeBeau at Redwood Materials.

  • Former Tesla CTO JB Straubel’s battery component recycling startup has raised a huge new round of funding.
  • The company will use it, along with a $2 billion loan commitment from the Department of Energy, to expand outside its base in Carson City, Nevada.
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