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Venture CapitalNewsRedwood Materials Raises Another $350M to Power up Its Energy Storage Business
Redwood Materials Raises Another $350M to Power up Its Energy Storage Business
Venture CapitalAI

Redwood Materials Raises Another $350M to Power up Its Energy Storage Business

•October 23, 2025
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TechCrunch Fundraising
TechCrunch Fundraising•Oct 23, 2025

Why It Matters

Redwood already recovers over 70% of North America’s used battery packs, has stockpiled more than 1 GWh for storage use, and plans to deploy 20 GWh of grid‑scale storage by 2028, positioning it to become the largest repurposer of used EV batteries.

Redwood Materials raises another $350M to power up its energy storage business

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