Series C+ · 2025-10-23 · Climate/Energy

Redwood Materials raises $350.0M

AI Score

Amount

$350.0M

Round

Series C+

Lead

Eclipse

Why it matters: Redwood's $350M round and Nvidia's participation show how retired EV batteries are being repurposed to supply power for AI data centers.

Redwood Materials raised a $350 million Series E led by Eclipse, with a new strategic investment from Nvidia's venture arm NVentures. A source put the valuation at about $6 billion.

Participants:: NVentures
Source:: TechCrunch Fundraising ↗ · Midu summary

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Figures marked company-reported are unaudited. Not investment advice. Request a correction or removal (team@midu.si).

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