Redwood Materials Secures $350M Boost

Redwood Materials Secures $350M Boost

Redwood Materials Raises Another $350M to Power Up Its Energy-Storage Business A major milestone has arrived for sustainability-driven tech. Redwood Materials raises another $350M to power up its energy-storage business , positioning itself as a key player in powering the growing AI data center ecosystem. Image Credits:Redwood Materials The Series E funding round, led by Eclipse, also attracted Nvidia’s venture capital arm, NVentures. Although the valuation remains undisclosed, a source familiar with the deal confirmed it’s around $6 billion —a billion higher than its last valuation. The investment highlights growing confidence in Redwood’s mission to close the loop on battery production and expand into large-scale energy storage. A Push Toward Energy Storage and Circular Supply Chains Redwood Materials plans to use the new funding to expand its energy-storage business , refine materials production, and strengthen its workforce. Founded in 2017 by former Tesla CTO JB Straubel , the company ini…