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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…

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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.”
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6 Comments

6 Comments

  1. @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

  2. @witness1013

    October 23, 2025 at 5:34 pm

    Love these guys

  3. @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.

  4. @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.

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Bloomberg’s Caroline Hyde and Ed Ludlow speak with OpenAI’s Chief Global Affairs Officer Chris Lehane about the company’s new policy proposals to help manage the rapid changes brought about by artificial intelligence. Plus, Oracle names a new CFO to help the company navigate massive data center development plans and a cash crunch. And, NASA’s Artemis II is set to pass at the closest distance that humans have come to the lunar surface in 50 years.
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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AMC’s dark comedy The Audacity takes aim at the greed and cynicism of Silicon Valley. Executive Producer Jonathan Glatzer and actor Billy Magnussen discuss how real-world events imitate the show’s narrative with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
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