The company, founded in 2017 by former Tesla CTO JB Straubel, initially focused on recycling scrap from battery cell production, consumer electronics, and used EV batteries. The company extracts materials like cobalt, nickel, and lithium from those discarded goods and then sells them back to its customers, which include Panasonic. Redwood has since added cathode production. It recently launched a new business that uses those old EV batteries in energy storage products ' a sector that has taken off during the boom of power-hungry AI data centers. As of June, the company had stockpiled more than 1 gigawatt-hour's worth of batteries for this purpose. StrictlyVC concludes its 2025 series with an exclusive event featuring insights from leading VCs and builders such as Pat Gelsinger, Mina Fahmi, and more. Plus, opportunities to forge meaningful connections.
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