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The Latest Breaking News from Redwood Materials

Tesla Co-Founder JB Straubel's Redwood Materials Secures $350 Million In Latest Funding Round

Redwood Materials, a battery recycling and energy storage startup based in Nevada, founded by JB Straubel, a Tesla Inc. (NASDAQ:TSLA) co-founder, raised over $350 million in its latest funding round. The company had previously raised $1 billion in Series D funding and is also backed by Nvidia Corp. (NASDAQ:NVDA).

Benzinga

General Motors Has Big Plans For Your Old EV Battery

GM and Redwood solve one of the biggest EV sustainability challenges by repurposing old batteries for energy storage instead of sending them to the landfill.

InsideEVs

100,000 EVs Will Retire This Year. What Will Happen To Their Batteries?

The second-life EV battery market is on the cusp of explosive growth thanks to companies such as Redwood Materials.

InsideEVs

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2,000-GPU data center launches powered exclusively by reusable batteries — 12-megawatt storage system built on hundreds of repurposed EV batteries

Redwood Materials repurposed old EV batteries as power storage for a 2,000-GPU data center running solely off renewable energy.

Tom’s Hardware

Europe Is In EV Freakout Mode

Today on Critical Materials: Europe enters freakout mode over ICE ban, Italy fears it's "self-destructive," and BMW and Redwood team up to recycle batteries

InsideEVs

To Win Nevada, Harris Must Turn Infrastructure Jobs Into Votes

Reno’s building trades unions are mobilizing their members to support the Democratic nominee.

Capital & Main

Toyota To Recycle Batteries From Old Hybrids For Use In New Cars

The battery of your first-gen Prius could end up in a, say, new Camry.

Motor1

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Tesla's organizational structure: Elon Musk's top executives

All the top executives that Musk has installed at his EV pioneer.

Fortune

Redwood Materials Raises $1B To Boost Its US Battery Recycling Efforts

The funds are in addition to the nearly $1 billion of previously raised equity capital and a $2 billion loan commitment from the Department of Energy.

InsideEVs

Key Tesla Roadster Engineer Musk Loses To EV Startup Started By Ex-Colleague

Tesla Inc‘s key engineering figures, Colin Campbell, is bidding farewell to the electric vehicle giant after 17 years of service

Zenger

Nevada considers $190 million in annual tax credits to bring Sony, film industry to Las Vegas

A bipartisan group of Nevada lawmakers has introduced a bill that would give massive tax credits to expand film production in southern Nevada

The Independent UK

Rad Power Is Working With Redwood Materials To Recycle E-Bike Batteries

North American e-bike specialist Rad Power Bikes has teamed up with Redwood Materials to recycle e-bike batteries.

InsideEVs

Tesla's Former CTO JB Straubel Nominated For EV Maker's Board

Tesla is holding its annual shareholder meeting on May 16, and a handful of proposals are up for investor consideration. Will Straubel make the Tesla Board?

InsideEVs

JB Straubel's Redwood Materials Secures $2 Billion DOE Loan

The DOE’s Advanced Technology Vehicles Manufacturing Loan Program has been virtually inactive for years, but now it's doing its part for the future of EVs.

InsideEVs

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The Independent UK

Battery recycling firm wins $2B loan from Energy Department

A Nevada company that recycles batteries for electric vehicles has won a $2 billion green energy loan from the Biden administration

InsideEVs

Tesla Co-Founder JB Straubel Offers Insight On Battery Recycling

In a recent interview for MIT Technology Review, JB offers some new insights into the massive challenge of building a circular economy, and why we can’t wait.

Inverse

5 pivotal moments that changed EVs in 2022

From the smashing success of Ford’s electric F-150 Lightning to Tesla’s Full Self-Driving woes, 2022 was the year when things got real for electric cars.

InsideEVs

Redwood Materials To Invest $3.5 Billion On Battery Materials Factory

In addition to simply recycling batteries, Redwood Materials has big plans that should help immensely when it comes to the future of EVs.

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Benzinga

Benzinga Before The Bell: Walmart's Outlook Cut, Apple's Self Driving Car Dreams, Coinbase's SEC Investigation And Other Top Financial Stories Tuesday, July 26

CNBC

InsideEVs

Redwood Materials To Recycle All Batteries From VW, Audi EVs In USA

The company headed by Tesla co-founder JB Straubel will work directly with VW Group's 1,000 US dealers to identify end-of-life batteries and materials.

Benzinga

Here's Where Former Tesla Employees Are Getting Hired: Which 2 Rivals Have Benefitted?

Electric vehicle company Tesla Inc (NASDAQ: TSLA) has been laying off some of its salaried workers, a move that CEO Elon Musk previewed earlier this year. A new report shows exactly where those former employees have found new work, including several of Tesla’s rivals.

InsideEVs

Battery Recycling, DIY EVs &The First F-150 Lightning: EV News Jun 24, 2022

Learn about battery recycling from a Tesla Co-Founder, Texas' plans for charging infrastructure, DIY EV conversions, and the first production F-150 Lightning.

Benzinga

Elon Musk And JB Straubel Reuniting For Panel This Week: Here's How And When You Can See It

A former Tesla Inc (NASDAQ: TSLA) executive and co-founder is reuniting with CEO Elon Musk for a keynote speech at a car event this week. Here are the details and how you can see the duo back together.

InsideEVs

Tesla Co-Founder JB Straubel Says EV Batteries Should Last 15 Years

The founder and CEO of Redwood Materials believes people are less likely to replace a new battery in an old car given how fast technology is changing.

Benzinga

Tesla Co-Founder JB Straubel Expects Most Electric Vehicle Batteries To Last This Long

Tesla Inc (NASDAQ: TSLA) co-founder JB Straubel, who now runs battery recycling startup Redwood Materials, said on Monday electric vehicle batteries could easily last up to 15 years in most cases.

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