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Redwood Materials raises $1B to expand US battery supply chain

Redwood Materials, the battery recycling startup founded by former Tesla co-founder and CTO JB Straubel, has raised over $1 billion in a Series D round at a post-money valuation of over $5 billion, according to a source familiar with the matter. The raise brings Redwood's total equity capital to $2 billion. The company says it will use the funds to continue building capacity, expanding domestic battery supply chain, and allowing customers to buy battery materials like lithium, nickel and cobalt made in the U.S. for the first time. ....

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Redwood Materials Secures $1 Billion In Series D To Revolutionize US Battery Supply Chain

In a landmark funding round, Redwood Materials, the innovative battery recycling firm founded by Tesla Inc. Co-Founder and former Chief Technology Officer JB Straubel, has amassed $1 billion in its Series D round. The round catapults the company's post-money valuation to over $5 billion and raises its total equity capital to $2 billion. The company announced that the capital will be strategically used for enhancing capacity, developing a robust domestic battery supply chain and enabling the sale ....

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Copper foil plant for use in electric vehicles to open in Quebec - Montreal

The Quebec government is giving the company a $150-million loan, part of which is forgivable, for the $750-million project that is expected to create 260 jobs. ....

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Redwood Materials raises $1B to expand US battery supply chain

Redwood Materials, the battery recycling startup founded by former Tesla co-founder and CTO JB Straubel, has raised over $1 billion in a Series D round at a post-money valuation of over $5 billion, according to a source familiar with the matter. The raise brings Redwood's total equity capital to $2 billion. The company says it will use the funds to continue building capacity, expanding domestic battery supply chain, and allowing customers to buy battery materials like lithium, nickel and cobalt made in the U.S. for the first time. ....

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Lithium Iron Phosphate Battery Market to hit $68.9 Bn by 2032, Predicts Global Market Insights Inc.

Lithium Iron Phosphate Battery Market to hit $68.9 Bn by 2032, Predicts Global Market Insights Inc.
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