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29 Aug
17:10

Redwood Materials raises $1 billion to boost US battery supply chain

US battery recycling start-up Redwood Materials said Tuesday it has raised over $1 billion in a Series D investment round led by T. Rowe Price, Goldman Sachs and Capricorn’s Technology Impact Fund. The fundraising will support the company’s capacity building to enable a domestic battery supply chain of anode and cathode materials using recycled metals. The start-up plans to build a 100 gigawatt-hours of battery materials production capacity in Charles…
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