Redwood Materials - About the company
Redwood Materials is a series E company based in Carson City (United States), founded in 2017. It operates as a Provider of repurposed battery packs for modular energy storage systems. Redwood Materials has raised $2.29B in funding from investors like T. Rowe Price, Capricorn and Fidelity Investments, with a current valuation of $6B. The company has 72 active competitors, including 34 funded and 7 that have exited. Its top competitors include companies like Lohum, Attero and Aqua Metals.
Sectors and market segments that Redwood Materials operate in
Redwood Materials serves in the Environment Tech, Sustainability Tech market segments.The primary business model of Redwood Materials are:Company Details
Provider of repurposed battery packs for modular energy storage systems. It offers energy solutions by repurposing used battery packs into modular energy storage systems. The company recycles and refines lithium-ion batteries, recovering valuable materials. It focuses on creating scalable energy storage solutions by utilizing battery packs with remaining capacity. The company provides an alternative to traditional grid expansion by offering a lower-cost, faster path to energy storage.
- Website
- www.redwoodmaterials.com
- Social
- Email ID
- *****@redwoodmaterials.com
- Registered Address
- Mission, Kansas
Key Metrics
Founded Year
2017
Location
Carson City, United States
Stage
Series E
Total Funding
$2.29B in 10 rounds
Latest Funding Round
Post Money Valuation
$6B as on Jan 28, 2026
Investors
Ranked
9th among 72 active competitors
Employee Count
757 as on Sep 30, 2026
Investment & Acquisitions
Similar Companies
Legal entities associated with Redwood Materials
Redwood Materials is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
THE REDWOOD COMPANY CIN: 273746219 , United States, Active | Dec 31, 1999 | - | 119 (As on Dec 31, 2024) | - |
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Redwood Materials's funding and investors
Redwood Materials has raised a total funding of $2.29B over 10 rounds. Its first funding round was on Apr 17, 2017. Its latest funding round was a Series E round on Jan 28, 2026 for $75M. 3 investors participated in its latest round. Redwood Materials has 30 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Redwood Materials:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 28, 2026 | $75M | Series E | $6B | - | - | |
Oct 23, 2025 | $350M | Series E | $6B | - | ||
Aug 29, 2023 | $1B | Series D | $5B | - |
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Redwood Materials' founders and board of directors
Founder? Claim ProfileRedwood Materials' employee count trend
Redwood Materials has 757 employees as of Sep 26. Here is Redwood Materials's employee count trend over the years:
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Redwood Materials's Competitors and alternates
Top competitors of Redwood Materials include Lohum, Attero and Aqua Metals. Here is the list of Top 10 competitors of Redwood Materials, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Sustainable critical minerals and advanced materials producer | $135M | 75/100 | ||
2nd | Provider of e-waste and lithium-ion battery recycling solutions | $31.1M | 71/100 | ||
3rd |  Aqua Metals 2013, Reno (United States), Public | Provider of battery recycling solutions | $6M | 65/100 | |
4th | Recyclekaro 2010, Navi Mumbai (India), Series A | Manufacturer of recycled metals and provider of electronic waste and battery recycling services | $21.8M | 65/100 | |
5th |  ABTC 2011, Reno (United States), Public | Provider of Lithium-ion battery recycling platform | - | 64/100 | |
6th | Mangrove Lithium 2013, Delta (Canada), Series B | Developer of modular scalable lithium refining technology for battery‑grade production | $46.5M | 64/100 | |
7th | Provider of lithium-ion battery recycling and commodity extraction clean-tech solutions | $5.01M | 64/100 | ||
8th |  SiTration 2020, Cambridge (United States), Seed | Provider of battery recycling solutions | $17.4M | 62/100 | |
9th | Redwood Materials 2017, Carson City (United States), Series E | Provider of repurposed battery packs for modular energy storage systems | $2.29B | 61/100 | |
10th |  Ascend Elements 2015, Westborough (United States), Series D | Manufacturer of engineered materials from recycled lithium-ion batteries and battery scrap | $1.1B | 59/100 |
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Redwood Materials's Investments and acquisitions
Redwood Materials has acquired Redux. Redwood Materials has not made any investments as of now.Reports related to Redwood Materials
Here is the latest report on Redwood Materials's sector:
News related to Redwood Materials
Filter this listMedia has covered Redwood Materials for a total of 23 events in the last 1 year, 8 of them have been about company updates and 5 about partnerships.
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Rivian and Redwood Materials Expand Partnership for Comprehensive Battery Lifecycle SystemElectric Cars Report•Oct 15, 2026•Rivian, Redwood Materials, Thirddimension.ai
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Analysis: Recent AI Data Centre BESS Technology and Deployment PartnershipsEnergy-Storage•Jul 23, 2026•Siemens, GREENVOLT, DG Matrix, Koncar and 4 others
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General Motors and Redwood Materials Expand Battery Sustainability CollaborationElectric Cars Report•Jun 12, 2026•Redwood Materials, General Motors
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Former Tesla CFO Deepak Ahuja Joins JB Straubel's Redwood MaterialsElectrek•May 11, 2026•Redwood Materials, Tesla
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Rivian partners with Tesla co-founder’s Redwood on energy storageElectrek•Apr 14, 2026•Redwood Materials, Rivian, Redwood Partners
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Crusoe and Redwood Materials Expand Strategic PartnershipGlobeNewswire•Mar 24, 2026•Crusoe, Redwood Materials
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Amazon confirms $50B investment in OpenAIBreaking The News•Feb 27, 2026•OpenAI, Amazon, SoftBank, Nvidia and 3 others
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Redwood Materials expands energy storage business due to AI data center boomTechCrunch+•Feb 20, 2026•Redwood Materials
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Redwood Materials Closes Additional $75 Million in Series E FundingMercom Capital•Jan 29, 2026•NVentures, Redwood Materials, Eclipse, Nvidia
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Terra Energy Closes Series of Fundings With Green Loan Financing from Breakwall Capital to Expand Its Residential Solar Subscription Offering to Key US MarketsBusiness Wire•Jan 29, 2026•Google, Redwood Materials
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