Google Joins Redwood Materials’ $425 Million Round as AI Data Centers Chase Power
Redwood Materials closed a $425 million Series E funding round, adding Google as a new investor with a reported $75 million stake. The company’s valuation is estimated above $6 billion. Funds will accelerate energy storage and recycling operations as demand from AI data centers rises. Redwood claims to recycle over 70% of used battery packs in North America.