Redwood Materials, run by ex-Tesla CTO, raises $1 billion to expand recycling operations in U.S.
Publishing timestamp: 2023-08-29 17:55:49
Summary
Battery and e-waste recycling startup Redwood Materials, founded by former Tesla CTO JB Straubel, has raised $1 billion in funding to expand its operations in the US. The company aims to produce battery components domestically and use as much recycled material as possible to reduce environmental impact. The funding round was led by Goldman Sachs Asset Management and included investments from Caterpillar Inc., Microsoft's Climate Innovation Fund, and others.
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Keywords: environment, jennifer granholm, business news, climate, breaking news: business, tesla inc, autos, transportation, electric vehicles, technology, venture capital,