StoryFunding
Redwood Materials raises $350M Series E led by Eclipse
Redwood Materials closed a $350 million Series E led by Eclipse with participation from NVentures and other strategic investors, reaching a valuation near $6 billion. The funding supports expanding energy storage deployments and critical materials production capacity.
- Series E led by Eclipse; NVentures (NVIDIA's venture arm) participated alongside other investors; valuation reaches ~$6 billion.
- Funds deployed toward expanding energy storage systems for data centres and grid applications, and scaling critical battery materials production.
- Redwood now operates critical materials recovery lines and an energy storage business using second-life EV battery packs.