Bloomberg Technology
Battery Startup Redwood Materials Tops $6 Billion Valuation
Battery recycling startup Redwood Materials raises $350 million, pushing its valuation past $6 billion, according to sources. JB Straubel, CEO of Redwood Materials, joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and…
Bloomberg Technology
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Bloomberg Technology
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Bloomberg Technology
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@TheGamblerGomez4097
October 23, 2025 at 5:17 pm
Does anyone know if Redwood Materials will buid a recycling facility in South Carolina?
@witness1013
October 23, 2025 at 5:34 pm
no – they will not
@witness1013
October 23, 2025 at 5:34 pm
Love these guys
@norn7364
October 23, 2025 at 7:19 pm
Too bad venture capitalists (rich people) don’t understand that complicated endeavors like battery startups aren’t possible in America because the supply chain does not exist. It works in China because you can find 10 factories within a 30km radius making the exact part you need. Until then, these entrepreneurs know that there will be unlimited free money that they can siphon from rich folks into their own salary and job that they created.
@TeslaSpaceX
October 23, 2025 at 8:45 pm
Neither are car startups. right?
Let me introduce you to JB Straubel, Co-founder of small American car manufacturer.
They make their own batteries too, so complex…I know.
@Companiesinnovating
October 23, 2025 at 8:44 pm
One of the big points to pick up that was alluded to but not directly spoken about is that many batteries that Redwood receives are not ready to be recycled. They still have life in the batteries, hence why JB created this second revenue stream.