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Redwood Materials — Startup ProfileRecycling and refining batteries to close the loop on the circular economyHQ: Carson City, NV, United States | Founded: 2017 | Employees: 1,000-2,000 | Stage: Late Stage (Series E) | Website: https://redwoodmaterials.comAboutRedwood Materials is a battery recycling and materials company that recovers and refines critical minerals from end-of-life batteries and manufacturing scrap. The company creates a closed-loop supply chain for battery materials, reducing the need for new mining and helping to make electric vehicles more sustainable.Key Metrics

Total Funding: $793M

Last Round: Series E ($1B+)

Founded: 2017

Headcount: 1,000-2,000

Valuation: $3.8B

Funding Rounds

Round: $1B+ (2024-01-10) — Goldman Sachs, T. Rowe Price

Round: $500M (2021-08-01) — Fidelity, Baillie Gifford

Key People

JB Straubel

Key Competitors

Li-Cycle —

Ascend Elements —

Timeline Highlights

2024-01-10: Series E

2017-01-01: Founded

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