Full-Time
Future Roles
South Carolina
Posted on 10/23/2024
Redwood Materials
501-1,000 employees
Recycles batteries for domestic material supply
Entry, Junior, Mid
Summerville, SC, USA
Site located at Camp Hall Commerce Park in Ridgeville, SC.
- Experience in engineering or related fields
- Knowledge of sustainable materials and recycling processes
- Ability to work in a manufacturing environment
- Strong problem-solving skills
- Team collaboration skills
- Develop and deploy new technologies for recycling and sustainable materials
- Contribute to the creation of a closed-loop battery supply chain
- Collaborate with cross-functional teams
- Support the production of cathode and anode components
- Assist in meeting future demand for electric vehicle batteries
Redwood Materials focuses on battery recycling and the supply chain for lithium-ion batteries. The company recycles used batteries to produce domestic sources of anode and cathode materials, which are essential for battery production. This process not only reduces costs but also addresses sustainability concerns by minimizing the environmental impact associated with transporting critical metals over long distances. Unlike many competitors who rely on overseas sources for these materials, Redwood Materials provides a local solution for U.S. cell manufacturers, helping them to lower expenses and enhance their sustainability efforts. The goal of Redwood Materials is to support the growing demand for lithium-ion batteries, which is expected to increase significantly in the coming years, by creating a more efficient and environmentally friendly supply chain.
Company Stage
Series D
Total Funding
$3.8B
Headquarters
Carson City, Nevada
Founded
2017
6 month growth
↑ 12%1 year growth
↑ 34%2 year growth
↑ 80%
Simplify's Take
What believers are saying
- Redwood's strategic partnerships with major manufacturers like GM and Ultium Cells ensure a robust and reliable supply chain.
- The company's expansion into Europe with the acquisition of Redux Recycling indicates strong growth potential and market diversification.
- Redwood's focus on sustainability and reducing environmental impact aligns with global trends towards electrification and green energy, making it an attractive employer for those passionate about sustainability.
What critics are saying
- The high capital expenditure for facilities like the $3.5 billion South Carolina plant could strain financial resources if market conditions change.
- Dependence on partnerships with major manufacturers means that any disruption in these relationships could significantly impact Redwood's supply chain.
What makes Redwood Materials unique
- Redwood Materials focuses on recycling and repurposing batteries to produce domestic anode and cathode materials, unlike competitors who rely on overseas procurement.
- Their partnership with major industry players like General Motors and Ultium Cells provides Redwood with a steady stream of production scrap, ensuring a consistent supply of raw materials.
- The company's large-scale facility investments, such as the $3.5 billion plant in South Carolina, position them as a significant player in the North American battery supply chain.
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