# Redwood Materials

**Source:** https://www.startuphub.ai/startups/redwood-materials
**Profile type:** Startup

> Recycling and refining battery materials for electric vehicles and energy storage.

## About

Redwood Materials is a company focused on creating a circular economy for electric vehicle batteries. They recycle and refine battery materials, aiming to reduce the environmental impact and cost of EV production by providing domestic sources of critical metals like lithium, cobalt, and nickel.

## Key facts

- **Slug:** redwood-materials
- **Website:** https://www.redwoodmaterials.com/
- **Location:** Carson City, United States
- **Founded:** 2017-01-01
- **Employees:** 773
- **Operating status:** Active
- **Total funding:** $1.1B
- **Sectors / tags:** Battery Technology, Energy Storage, EV Charging, Climate Tech, Advanced Manufacturing and Materials, Circular Economy, Sustainability, Recycling, Resource Extraction
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/redwood-materials
  - Twitter: https://twitter.com/RedwoodMat

## Frequently asked

### What does Redwood Materials do?

Redwood Materials is a company focused on creating a circular economy for electric vehicle batteries. They recycle and refine battery materials, aiming to reduce the environmental impact and cost of EV production by providing domestic sources of critical metals like lithium, cobalt, and nickel.

### What is Redwood Materials's revenue?

StartupHub estimates Redwood Materials's annual revenue at $479.9M (range $82.7M to $724.4M, 27% confidence), based on comparable companies in the sector.

### What is Redwood Materials's valuation?

StartupHub estimates Redwood Materials's effective valuation at $4.4B (range $2.8B to $6.8B, 21% confidence), based on comparable companies in the sector.

### How much funding has Redwood Materials raised?

Redwood Materials has raised a total of $1.1B in funding. The most recent round on record is Series E.

### Where is Redwood Materials headquartered?

Redwood Materials is headquartered in Carson City, United States.

### When was Redwood Materials founded?

Redwood Materials was founded in 2017.

### What industry does Redwood Materials operate in?

Redwood Materials operates in Battery Technology, Energy Storage, EV Charging, Climate Tech, Advanced Manufacturing and Materials, Circular Economy.

### How many employees does Redwood Materials have?

Redwood Materials has approximately 773 people on record.

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