Redwood Materials

Redwood Materials, founded in 2017 by former Tesla CTO JB Straubel, is at the forefront of sustainable battery materials, addressing the critical need for recycling in the electric vehicle (EV) industry. The company operates a closed-loop battery recycling system that processes end-of-life batteries and manufacturing scrap, extracting valuable materials like cobalt, nickel, and lithium. With key partnerships, including a significant collaboration with Panasonic at Tesla's Nevada gigafactory, Redwood is reshaping the supply chain for battery manufacturers by providing essential components such as anode copper foil and cathode active materials.

Redwood's innovative business model not only focuses on recycling but also on remanufacturing refined battery materials, creating a domestic supply chain alternative to traditional Asian sources. This vertically integrated approach allows Redwood to capture value across the supply chain while reducing reliance on newly mined resources. The company has seen substantial growth, with plans to reach an annual production capacity of 500 GWh by 2030, enough to supply materials for 5 million EVs.

As the demand for electric vehicles surges, Redwood is well-positioned to expand its operations into broader materials processing and international markets, particularly in Europe, where aggressive EV adoption targets create significant opportunities. With a commitment to sustainability and innovation, Redwood Materials is paving the way for a greener future in battery production.