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Nvidia Backs $6 Billion Battery Recycling Giant to Power the AI Boom

Redwood Materials raises $350 million from investors including Eclipse Ventures and Nvidia. The money will help fund a new energy storage business.

Redwood Materials, the battery recycling startup run by Tesla cofounder JB Straubel, just raised $350 million in a funding round that pushes its valuation past $6 billion.
The deal, led by Eclipse with participation from Nvidia’s venture capital arm … [3485 chars]

Source: Business Insider | Published: 2025-10-23T12:00:01Z

Credit: Business Insider

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