Redwood Materials is establishing a domestic supply chain for battery materials by recycling lithium-ion batteries and refining the extracted metals through hydrometallurgical processes. This approach addresses the unsustainable logistics of sourcing critical metals, which currently travel over 50,000 miles before reaching U.S. cell manufacturers.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The current lithium-ion battery supply chain relies on unsustainable logistics, with critical metals traveling vast distances (over 50,000 miles) before reaching U.S. cell manufacturers. North America lacks domestic production of cathode active material, the most expensive component in an electric vehicle, leading to significant overseas spending.
Solution
Redwood Materials is establishing a circular supply chain for battery materials by recycling end-of-life lithium-ion batteries and refining the extracted metals through hydrometallurgical processes. This approach provides large-scale sources of domestic battery materials that can be directly supplied to U.S. cell manufacturers. By increasing the number of recycled batteries used in the process, Redwood Materials aims to transform the battery supply chain and reduce reliance on overseas sources. The company offers services including collection, sorting, material-specific recycling, hydrometallurgical refining, and remanufacturing of battery materials.
Target Audience
The primary customers are U.S. cell manufacturers and automotive companies seeking a sustainable and domestic source of battery materials.
Features
- Collection and sorting of end-of-life lithium-ion batteries.
- Material-specific recycling processes to recover valuable metals.
- Hydrometallurgical refining to produce high-purity battery materials.
- Remanufacturing of battery materials for direct use in cell production.
- Creation of a domestic source of cathode active material.