Redwood Materials has completed the final close of its Series E financing, raising a total of $425 million. The round included continued participation from Capricorn and Goldman Sachs Alternatives and welcomed Google as a new investor. The increase from the previously announced $350 million round reflects strong investor confidence in the company’s long-term strategy and execution. Redwood Materials plans to deploy the new capital to expand its energy storage platform while continuing to strengthen its integrated recycling and critical minerals business.
With electricity demand surging — driven by artificial intelligence, data centers, manufacturing and broader electrification — energy storage solutions are becoming essential infrastructure. Redwood Materials aims to leverage its expertise in battery recycling, materials processing and system integration to support grid reliability and energy security. The company is focused on scaling a domestic battery ecosystem by deploying capital with discipline and maintaining a relentless focus on execution.
The funds will accelerate development of energy storage projects, including advanced battery modules and software platforms designed to optimize performance and lifecycle management. At the same time, Redwood Materials will expand its recycling facilities, where end-of-life batteries are processed to recover key elements such as lithium, nickel and cobalt. These efforts are intended to alleviate supply chain pressures and promote sustainable resource use across the battery value chain.
Source: Redwood Materials
