TechCrunch Fundraising· Kirsten Korosec·2025-10-23 20:00· 2025-10-23Top DealsAI Score75

Redwood Materials raises $350M Series E led by Eclipse, with Nvidia backing

Redwood Materials raises another $350M to power up its energy-storage business

AI Overview

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.

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.

Source:TechCrunch Fundraising · techcrunch.com

Climate/Energy Series C+#Series C+#Climate/Energy #United States

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