Redwood Materials

Redwood Materials is a Nevada-based company founded in 2017 by JB Straubel and Andrew Stevenson. The company is dedicated to creating a circular supply chain for lithium-ion batteries, supporting electric vehicles (EVs) and clean energy storage. Headquartered in Carson City, near Tesla’s Gigafactory, Redwood employs around 1,600 people as of 2024.The company focuses on sustainability by recycling lithium-ion batteries from various sources, including EVs and consumer electronics. Redwood is recognized as North America’s largest lithium-ion battery recycler, recovering over 95% of critical metals like nickel, cobalt, lithium, and copper from end-of-life batteries. It also manufactures anode copper foil and cathode active materials, supplying these components to battery manufacturers. Redwood collaborates with notable partners such as Panasonic, Ford, Volvo, and Amazon, and has launched initiatives like a California battery collection program to enhance recycling efforts. In 2024, Redwood was named one of TIME’s 100 Most Influential Companies for its contributions to sustainable battery solutions.