Redwood Materials

Redwood Materials has raised $2.22 billion in total funding across multiple rounds, including a $1 billion Series D (2023) and a $350 million Series E (2025). Major backers include T. Rowe Price, Fidelity Investments, Goldman Sachs Asset Management, and the U.S. Department of Energy, which also issued a $2 billion debt loan to support the development of large-scale recycling capacity. With a current valuation of $5 billion (as of August 2023), Redwood continues to advance its circular battery supply chain model, transforming used lithium-ion batteries into high-value materials for electric vehicles and renewable energy storage systems.