Full-Time
Recycles batteries for domestic material supply
No salary listed
Mid
McCarran, NV, USA
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Redwood Materials focuses on battery recycling and the supply chain for lithium-ion batteries. The company addresses the need for sustainable battery production by transforming the supply chain, which currently involves critical metals traveling long distances before reaching cell factories. By recycling batteries, Redwood Materials produces domestic sources of anode and cathode materials, which are essential for battery production. This approach not only reduces costs for U.S. cell manufacturers but also minimizes environmental impact by decreasing reliance on overseas procurement. Redwood Materials aims to support the growing demand for lithium-ion batteries, projected to increase significantly by 2030, by providing a sustainable and cost-effective solution for battery material sourcing.
Company Size
501-1,000
Company Stage
Series D
Total Funding
$3.8B
Headquarters
Carson City, Nevada
Founded
2017
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Redwood Materials partners with Isuzu Commercial Truck.
Thompson joins from Redwood Materials, a manufacturing technology company that is creating an electric battery supply chain across America, where he was chief financial officer.
Redwood Materials recently announced its partnership with BMW of North America to recycle lithium-ion batteries.
The Lake Tahoe Electric Transportation Forum is partnering with Redwood Materials and the Nevada BEP to jointly coordinate a Battery Recycling Drop Off Center at the Forum.
Battery recycler Redwood Materials announced a $3.5 billion facility in Charleston in December 2022.