JB Straubel’s battery recycling business has raised $1 billion in series D venture funding
The company takes spent electric vehicle batteries, breaks them down, and uses the metals from them —including nickel, copper, cobalt, and lithium — to produce new components that can go into electric vehicle batteries.
One of Redwood's major goals is to produce battery components domestically to reduce some of the global trade and geopolitical risks around the electric vehicle industry. Redwood also aims to use as much recycled material as possible to reduce the environmental impact the auto industry transitions from internal combustion vehicles to battery electrics and hybrids.
U.S. Secretary of Energy Jennifer M. Granholm has identified domestic production of batteries and components as one way to meet growing demand for EVs, generate jobs and accelerate a transition from fossil fuels to renewable and clean energy.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Tesla Cofounder’s Redwood Raises Over $1 Billion To Boost EV Battery Materials BusinessRedwood Materials, led by Tesla cofounder and board member JB Straubel, said the latest funding round boosts its valuation to more than $5 billion.
Lire la suite »
Battery recycler Redwood Materials raises $1 billion to expand U.S. operationsRedwood Materials raised more than $1 billion in new funding as the battery materials firm, founded by former Tesla executive JB Straubel, seeks to expand.
Lire la suite »
Pedestrian struck by pickup, seriously injured in Redwood VillageThe collision was reported about 4:30 p.m. Saturday on College Avenue near University Avenue
Lire la suite »
Latest V4 Tesla Supercharger lands in the UK: how the megachargers work and what they costEverything you need to know about Tesla Supercharging: what it is, where you can find them and how much it costs to charge for Tesla and non-Tesla drivers
Lire la suite »
Tesla Offers Free Supercharging For All EVs In Europe TodayTesla has announced that Supercharging is free on August 29 for both Tesla and non-Tesla electric vehicle users in 26 European countries plus Israel.
Lire la suite »
Tesla Offers Free Supercharging For All EVs In Europe TodayTesla has announced that Supercharging is free on August 29 for both Tesla and non-Tesla electric vehicle users in 26 European countries plus Israel.
Lire la suite »