Redwood Materials Raises $1B in Series D
Redwood Materials has successfully raised $1B in a Series D at a $5.5B valuation led by T. Rowe Price, Capricorn Investment Group, Baillie Gifford, Fidelity, Goldman Sachs, Microsoft Climate Innovation Fund.
Company Overview
Redwood Materials is a Batteries company headquartered in 6600 Eastgate Drive, Carson City, NV 89706, founded in 2017 with 600+ employees.
Battery recycling and materials company
Fundraising Details
- Amount Raised: $1B
- Round Type: Series D
- Valuation: $5.5B
- Date: 2024-01-24
- Investors: T. Rowe Price, Capricorn Investment Group, Baillie Gifford, Fidelity, Goldman Sachs, Microsoft Climate Innovation Fund
About Redwood Materials
Battery recycling and materials company The company is positioned in the Batteries sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 6600 Eastgate Drive, Carson City, NV 89706
- Founded: 2017
- Team Size: 600+
- Industry: Batteries
What This Means
This funding round demonstrates strong investor confidence in Redwood Materials's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Batteries sector continues to attract significant investment as companies innovate to meet evolving market demands. Redwood Materials's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $5.5B valuation marks an important milestone for Redwood Materials, positioning the company among notable players in the Batteries industry.
Looking Ahead
With this new capital, Redwood Materials is well-positioned to execute on its growth strategy and continue building innovative solutions in the Batteries space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-01-24. For more information about Redwood Materials, visit their headquarters at 6600 Eastgate Drive, Carson City, NV 89706.
