Energy
Redwood Materials
A battery recycling and materials company, founded by former Tesla CTO JB Straubel, that recycles roughly 90% of all lithium-ion batteries and battery materials processed in North America and has expanded into energy storage systems built from second-life EV batteries. Redwood closed a $425 million Series E in January 2026 led by Eclipse with participation from Alphabet's Google, valuing the company at more than $6 billion, and powers a Crusoe Cloud GPU data center in Sparks, Nevada using a first-of-its-kind solar-plus-second-life-battery microgrid.
Sources
Every claim traced to a primary source — evidence, recent activity, and insider filing behavior, all in one place.
Evidence
3 sources · 61% avg. source confidence
- Sacra / Tracxn — Redwood Materials closes $425M Series E at $6B+ valuation62% source confidence
- Fast Company — Redwood Materials powers Crusoe Cloud GPU data center with solar-plus-second-life-battery microgrid60% source confidence
- South Carolina Manufacturing Conference / TSG Invest — Redwood Materials opens $3.5B South Carolina plant, partners with GM across full battery lifecycle60% source confidence
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The Story So Far (last 6 months)
Auto-generated from this entity's dated milestones, relationship updates, and sourced evidence — not AI-written, just sorted.
Redwood Materials's Timeline
A sourced, dated history of Redwood Materials's key moments — founding to present.
Jun 2025 · Launches energy storage business targeting AI data centers
Redwood Materials launched a new energy-storage business built from second-life EV batteries, opening a solar-plus-battery microgrid with data center developer Crusoe to power Crusoe Cloud's GPU-as-a-service offering.
Jan 2026 · $425M Series E at $6B+ valuation
Redwood Materials closed a $425 million Series E round led by Eclipse, with participation from Alphabet's Google, valuing the company at more than $6 billion.
Jul 2026 · Opens first phase of $3.5B South Carolina plant
Redwood Materials opened the first phase of its $3.5 billion battery materials plant in South Carolina, expected to add 20,000 metric tons of annual materials production capacity.