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Redwood Materials
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Short description

Developer of technology for materials recycling, remanufacturing, and reuse

Founded in 2017
Founded in

Company type Private Public ()
Company type

Industry Group waste & recycling

Sector waste management

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Redwood City, CA Redwood City, United States
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Updated by Sunena Gupta at on 09/08/2023

Edited by Cleantech Group on 08/29/2024

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  • 1 M&A items
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Date Company
04/04/2023

Volkswagen Volkswagen

Volkswagen of America and Redwood Materials partner to recover and recycle critical minerals from consumer electronics. Volkswagen of America has agreed to set up bins at certain dealerships to collect consumer electronics.

Confirmed by Volkswagen

Partnerships
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Date Partner Type
05/23/2024
Ultium Cells Ultium Cells
Joint battery manufacturing venture between GM and LG Energy Solution, to recycle cathode, anode and cell scrap from both their Warren, Ohio and Spring Hill, Tennessee facilities.
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Confirmed by Ultium Cells
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IPO INFORMATION

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Description

Date Investors Type Amount
08/29/2023 Goldman Sachs Goldman Sachs , T. Rowe Price T. Rowe Price , OMERS OMERS , Microsoft Climate Innovation Fund Microsoft Climate Innovation Fund , Deepwater Asset Management Deepwater Asset Management , Capricorn Investment Group Capricorn Investment Group , Caterpillar Ventures Caterpillar Ventures (7)
Post-money valuation of
Funding will be used to expand operations, increase production capacity, and to deliver materials to US customers.
Growth Equity $1,000,000,000
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