US's Redwood Materials has raised US$350 million in a Series E round led by Eclipse, with participation from NVentures, Nvidia’s venture arm. Founded in 2017 by ex-Tesla CTO JB Straubel, Redwood focuses on battery recycling and materials. It recently expanded into grid energy storage using repurposed EV batteries, launching a 63MWh second-life BESS microgrid for data centers.
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